North Creek Parkway Center

11804 - 18916 North Creek Parkway, Bothell, WA 98011

Property Overview

North Creek Parkway Center is a six-building suburban office and laboratory campus located within the 52-acre North Creek master-planned business park. Four of the six buildings are one story and the remaining two are two story. Overall, the property is improved as 78.2 percent office space, 17.1 percent lab space and 4.7 percent warehouse. The six buildings were built in two phases in 1986 and 1987 and are of precast tilt-up concrete construction with painted finishes.

The exterior skin is comprised primarily of glass and aluminum curtain wall system. The buildings are situated on 13.52 acres of land. The property has 654 surface parking spaces providing a parking ratio of 3.18 spaces per 1,000 rentable square feet. The area is home to technology, biotechnology, manufacturing and service industry leaders. In addition, as the closest American port to Pacific Rim trading partners, the area continues to see robust growth in international trade and warehousing.

Investment at a Glance

Location: Bothell, WA

Property Type: Office

Acquisition Date: August 28, 2008

Purchase Price: $41,114,000

No. of Buildings: 6

Square Footage: 205,707 SF

Year Built: 1986 & 1987

Leased Percentage (at the time of Acquisition): 97.3%

$41,114,000 Total Purchase Price
205,298 square feet Total Rentable Area
Class B Building Class