Former Inter-City Building
17425 68th Ave. NE, Kenmore, WA 98028
Rentable Bldg Area: 11,280 SF
Land Area: 19,166 SF
Price Per Rentable Bldg Area: $230.50
Investment Highlights
HIGH BARRIERS TO ENTRY SUBMARKET
Positioned in a supply-constrained location characterized by strong demand for commercial and flex space.VERSATILE FLEX SPACE
With a well-balanced combination of spacious warehouse/storage on the lower level and move-in ready on the upper level.FAVORABLE LOCATION
Excellent street visibility from 68th Avenue – a highly trafficked
thoroughfare connecting communities north of Lake Washington. The building is conveniently positioned between North Seattle, Bothell, and the Eastside.TRANSPORTATION CONNECTIVITY
The property sits adjacent to SR-522, various bus routes, and provides easy access to Interstate-405.MOVE-IN READY OFFICE
The supplemental income from the fully leased warehouse space can help offset the costs for an owner-user. Street-level office provides seven private offices, a conference room, and additional space for a variety of uses.FUTURE LAKEPOINTE PROJECT
The parcel is positioned next to a long sought-after mixed-use urban village development known as the Lakepointe Project. The project will set the stage for further growth in the city, as well as improved access options for surrounding sites.Investment Overview
The Vara Group is pleased to present the sale offering of a
strategically positioned flex property located at 17425 68th Ave
NE in Kenmore, WA. This well-maintained, 11,280 SF flex property
combines spacious warehouse and storage facilities on the lower
level with meticulously designed office spaces spanning two upper
floors. Offering prime visibility at the intersection of SR-522 and
68th Ave NE, it captures the attention of passing traffic in the heart
of Kenmore. This property presents an opportunity for owner-user
or value-add investors in the heart of an established and expanding
market with inventory constraints and high barriers to entry.