Pacific Office Park | 1416 112th Ave NE
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Pacific Office Park 1416 112th Ave NE
9,202 SF Vacant Office Building Bellevue, WA 98004 For Sale
Virtual Tour
Investment Highlights
- Pacific Office Park is a rare owner/user or investor opportunity for a 9,202-square-foot professional office building in Bellevue Medical Corridor.
- Well-maintained two-story wood-frame structure with private offices, open workspaces, basement storage, and ample parking.
- Benefit from excellent visibility with frontage and signage on 112th Avenue NE and the proximity to top corporate and retail hubs.
- Prime location with easy access to State Route 520, Interstate 405, light rail at Wilburton Station, and Downtown Bellevue amenities.
Executive Summary
Nestled in the heart of Bellevue, Washington, Pacific Office Park at 1416 112th Avenue offers a rare purchasing opportunity for owners/users or investors. This 9,202-square-foot, two-story professional office building is a testament to the long-standing quality and meticulous upkeep. The property features a harmonious blend of private offices and open workspaces, making it adaptable to a variety of professional uses. This offering has the added potential for conversion into a daycare facility, thanks to an extra yard area.
Additional building amenities include basement storage, upgraded new LED lighting, and regular maintenance, including roof and gutter cleaning and pressure washing before any repair work. Parking is a breeze at Pacific Office Park, with two second-floor parking decks offering free surface parking at a generous 4/1,000 square feet parking ratio. This well-maintained wood-frame structure is positioned to stand out and boasts excellent visibility with frontage and signage on 112th Avenue NE.
Located at the edge of Downtown Bellevue, the property has fantastic access to State Route 520, Interstate 405, and nearby light rail at Wilburton Station. The surrounding area offers a balance of convenience and lifestyle, with nearby shopping hubs like the Design Market and Spring District, retailers such as Trader Joe’s and Whole Foods, and proximity to Overlake Medical Center. Corporate neighbors, including Kaiser Permanente, Google South, and Bellevue City Hall, create a dynamic professional environment. Pacific Office Park is at the epicenter of Bellevue's growth and opportunity, ideally situated in the Bellevue Medical Corridor.
Additional building amenities include basement storage, upgraded new LED lighting, and regular maintenance, including roof and gutter cleaning and pressure washing before any repair work. Parking is a breeze at Pacific Office Park, with two second-floor parking decks offering free surface parking at a generous 4/1,000 square feet parking ratio. This well-maintained wood-frame structure is positioned to stand out and boasts excellent visibility with frontage and signage on 112th Avenue NE.
Located at the edge of Downtown Bellevue, the property has fantastic access to State Route 520, Interstate 405, and nearby light rail at Wilburton Station. The surrounding area offers a balance of convenience and lifestyle, with nearby shopping hubs like the Design Market and Spring District, retailers such as Trader Joe’s and Whole Foods, and proximity to Overlake Medical Center. Corporate neighbors, including Kaiser Permanente, Google South, and Bellevue City Hall, create a dynamic professional environment. Pacific Office Park is at the epicenter of Bellevue's growth and opportunity, ideally situated in the Bellevue Medical Corridor.
Sale Flyer
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
9,202 SF
Building Class
B
Year Built
1985
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,601 SF
Building FAR
0.34
Lot Size
0.63 AC
Zoning
O/C, Bellevue
Parking
29 Spaces (3.15 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Balcony
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 100
- 5,379 SF
- Office
- Full Build-Out
- Now
This suite has a basement with 8-foot ceilings.
This suite has two balcony spaces: a west balcony with 479 square feet and a south balcony with 526 square feet.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 5,379 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste A | 746 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 3,077 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 5,379 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste A
| Size |
| 746 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 3,077 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste A
| Size | 746 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This suite has a basement with 8-foot ceilings.
2nd Fl-Ste 200
| Size | 3,077 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This suite has two balcony spaces: a west balcony with 479 square feet and a south balcony with 526 square feet.
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Walk Score ®
Very Walkable (70)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
21,584
102,556
251,385
2024 Population
24,415
109,580
260,067
Population Growth '20-'24
13.1%
6.9%
3.5%
2020 Households
11,495
44,589
104,142
2024 Households
12,987
47,874
108,125
Household Growth '20-'24
13.0%
7.4%
3.8%
Average Age
39
39
39
Median Household Income
$160,053
$149,749
$156,230
Daytime Employees
53,956
99,725
181,668
Total Businesses
5,772
11,219
18,800
College Degree + Higher
73%
70%
69%
$ values in USD
PROPERTY TAXES
| Parcel Number | 126620-0175 | Improvements Assessment | $1,444 CAD (2023) |
| Land Assessment | $4,988,056 CAD (2023) | Total Assessment | $4,989,500 CAD (2023) |
PROPERTY TAXES
Parcel Number
126620-0175
Land Assessment
$4,988,056 CAD (2023)
Improvements Assessment
$1,444 CAD (2023)
Total Assessment
$4,989,500 CAD (2023)
Sale Advisor
Sale Advisor
Troy Gessel, Principal
(425) 576-8747
Contact
Troy is a Principal at the Pacific Northwest office of Lee & Associates, a Bellevue-based real estate brokerage firm offering a comprehensive range of commercial real estate services to over 65 markets across the US.
Troy brings over 30 years of expertise in commercial real estate to Lee & Associates. Prior to joining Lee, Troy was a principal and founding partner at AGM, Inc., a Pacific Northwest commercial real estate and investment firm where he created a portfolio of over $500 million in acquired assets and raised over $100 million in equity. Troy started this firm with his partner after successful careers at Colliers Macaulay Nicolls and Pacific Real Estate partners.
With a vision to expand their focus, Gessel and his partner acquired Phillips Real Estate, a 40-year-old Pacific Northwest property management firm. The new partnership launched a combined portfolio of Commercial (AGM commercial portfolio), Multifamily, HOA | Community Association, and Residential assets.
With the association to Lee, Troy has created a partnership which benefits his clients by providing the power and resources of a larger corporation, and the personal attention of a smaller firm. Both have allowed Troy to better continue his focus on real estate investments through a full-service approach, all combined under the banner of Lee & Associates.
Gessel’s business acumen and passion for commercial real estate is complemented by his close friendships and personal ties with the Eastside community. Gessel and his wife of over 25 years, Elizabeth, have two children and are active in social and philanthropic circles in both Seattle and Los Angeles.
Troy brings over 30 years of expertise in commercial real estate to Lee & Associates. Prior to joining Lee, Troy was a principal and founding partner at AGM, Inc., a Pacific Northwest commercial real estate and investment firm where he created a portfolio of over $500 million in acquired assets and raised over $100 million in equity. Troy started this firm with his partner after successful careers at Colliers Macaulay Nicolls and Pacific Real Estate partners.
With a vision to expand their focus, Gessel and his partner acquired Phillips Real Estate, a 40-year-old Pacific Northwest property management firm. The new partnership launched a combined portfolio of Commercial (AGM commercial portfolio), Multifamily, HOA | Community Association, and Residential assets.
With the association to Lee, Troy has created a partnership which benefits his clients by providing the power and resources of a larger corporation, and the personal attention of a smaller firm. Both have allowed Troy to better continue his focus on real estate investments through a full-service approach, all combined under the banner of Lee & Associates.
Gessel’s business acumen and passion for commercial real estate is complemented by his close friendships and personal ties with the Eastside community. Gessel and his wife of over 25 years, Elizabeth, have two children and are active in social and philanthropic circles in both Seattle and Los Angeles.
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Pacific Office Park | 1416 112th Ave NE
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