Bellevue Technology Center

15801-15805 NE 24th St, Bellevue, WA 98008

SOLD

Property Overview

Bellevue Technology Center (formerly QBE Corporate Campus) is a 326,384-square-foot, nine-building, Class A/B office campus in Bellevue, Washington. The property sits on 46 acres of land, includes a 576-unit underground parking garage and is located half a mile south of Microsoft headquarters.

Bellevue Technology Center draws on its proximity to Microsoft, the aesthetics of its wooded campus and the diverse functionality of its nine different buildings to attract institutional-quality tenants on a triple-net lease basis. The campus is currently in excellent condition with no material capital requirements or deferred maintenance issues.

Investment at a Glance

  • Location: Bellevue, WA
  • Property Type: Class A/B office
  • Acquisition Date: Jul 31, 2012
  • Purchase Price: $78,700,000
  • Square Footage: 326,384 SF
  • Number of Buildings: 9
  • Number of Stories: 4 three-story, 1 two-story and 4 one-story
  • Leased Percentage (at the time of acquisition): 62%

$78,700,000

Total Purchase Price

326,384

square feet

Total Rentable Area

Class A

Building Class