Three Properties Sell On Eastside/North End
Colliers International Bellevue recently completed the sale of three commercial properties on the Eastside and North End.
KOF Enterprises purchased Kirkland 405 Corporate Center’s Building A for $14.8M. The building was 97% leased at the time of sale. Colliers' Derek Heed and Gregg Riva worked with NAI Puget Sound Properties and NAI Hunnerman to market the building.
Heed and Riva also represented HPO Investment LLC in the purchase of Harbour Point’s Building A, North Campus, in Mulkilteo. HPO purchased the building for $7.5M from Bocek/NCA LLC. The 33,387 SF building is part of a 2,810-acre master-planned community that incorporates residential buildings, manufacturing facilities, a golf course, parks and a wildlife preserve on Puget Sound.
Heed worked with David Gunther to arrange the sale of property in the 4901 81st Place SW in Mulkilteo. Wahid El Bahr and Sahar Bagoury purchased the property from Olason Investments LLC for $525K.
“The sales of these properties are representative of the demand for and increasing value of smaller buildings for both investors and owner-buyers,” Heed said in a statement. “They offer stable and dependable income, even in less urban locations, and are therefore highly desirable from an investment perspective.”
