North Creek Parkway Center
11804 - 18916 North Creek Parkway, Bothell, WA 98011
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%