INVESTMENT OFFERING
CASCADE BANK BUILDING
ASKING PRICE $4,600,000
17,346 RSF CLASS A OFFICE 1 0 5 5 N W M A P L E S T, I S S A Q U A H , W A S H I N G T O N
O F F E R E D E X C L U S I V E LY B Y
CASCADE BANK BUILDING
P ROPERTY O VERVIEW PROPERTY DESCRIPTION Address
1055 NW Maple Street Issaquah, WA
Building Size
17,346 RSF (subject to BOMA verification; this includes a 16.3% load factor) Two floors Full-span upper floor – 9,283 RSF Main floor is divided by a drive-through for the bank – 8,063 RSF
Lot Size
68,100 SF
Year Built
1995 – originally a build-to-suit of approximately 6,202 RSF for Issaquah Bank 2003 – building expansion of approximately 11,144 RSF
Parking
58 spaces; surface; 3.9/1,000 USF (excluding Drive-thru)
Tax Parcel #
282406-9326
INVESTMENT HIGHLIGHTS »» Investor value creation in retenanting the vacant space given the historical rental rate strength of the Issaquah market versus the greater market. Current lease comparables for Class-A office space in Issaquah justify $20.00 psf net rents. »» Ideal user/investor investment with up to 7,500 RSF of space available for user to occupy and collect rent on ballance of the building »» Premier location, easy access to I-90, housing, retail, and service amenities »» Marquee building exposure on Maple Street, with prominent building and monument signage
MARK FLIPPO
(425) 974-4007 mark.flippo@pacific-re.com
JJ SHEPHARD
(425) 974-4031 jj.shephard@pacific-re.com
CHARLIE MALLEY
(425) 974-4003 charlie.malley@pacific-re. com
DAVID ABBOTT
(206) 971-7018 david.abbott@pacific-re.com
CASCADE BANK BUILDING
Floor Pl ans SUITE 103 2,835 RSF SUITE 101 3,673 RSF
EXISTING DRIVE-UP LANES
SUITE 103 2,835 RSF
SUITE 102 SUITE 101 1,555 RSF 3,673 RSF
EXISTING DRIVE-UP LANES
SUITE 102 1,555 RSF
FLOOR ONE
SUITE 203 2,600 RSF SUITE 203 1,426 RSF SUITE 203 2,600 RSF SUITE 203 1,426 RSF
SUITE 204/206 1,053 RSF BANK BREAKROOM
SUITE 208 639 RSF
SUITE 204/206 1,053 RSF BANK BREAKROOM
SUITE 202 1,164 RSF
SUITE 201 2,233 RSF
SUITE 208 639 RSF SUITE 202 1,164 RSF
MARK FLIPPO
(425) 974-4007 mark.flippo@pacific-re.com
JJ SHEPHARD
SUITE 201 2,233 RSF
FLOOR TWO
(425) 974-4031 jj.shephard@pacific-re.com
CHARLIE MALLEY
(425) 974-4003 charlie.malley@pacific-re. com
DAVID ABBOTT
(206) 971-7018 david.abbott@pacific-re.com
CASCADE BANK BUILDING
Photos
MARK FLIPPO
(425) 974-4007 mark.flippo@pacific-re.com
JJ SHEPHARD
(425) 974-4031 jj.shephard@pacific-re.com
CHARLIE MALLEY
(425) 974-4003 charlie.malley@pacific-re. com
DAVID ABBOTT
(206) 971-7018 david.abbott@pacific-re.com
SEATTLE Lake Washington
MERCER ISLAND
BELLEVUE CBD BELLEVUE
Mountain Regional Wildland Park (3,000 acres) Lake Sammamish I-90 GATEWAY
TALUS
Lake Sammamish
GI AN
90
VD BL
T ES
DOWNTOWN ISSAQUAH
LM
PL
VALLEY PARK
(500 Acres)
SWEDISH L CENTER
MA
ISSAQUAH P&R/ TRANSIT CENTER
COSTCO HQ/ RETAIL
Cascade Bank Building
Microsoft
Siemens
Spacelabs ISSAQUAH S (Retail)
WP
O
NW
ST
NE
Y WA RT
FedEx
FR
O
N
T
Fred Meyer
Home Depot Boeing
FRON
N
T ST
O F F E R E D E X C L U S I V E LY B Y MARK FLIPPO
(425) 974-4007 mark.flippo@pacific-re.com
JJ SHEPHARD
(425) 974-4031 jj.shephard@pacific-re.com
NEW ISSAQUAH HIGHLANDS RETAIL/RESIDENTIAL
CHARLIE MALLEY
(425) 974-4003 charlie.malley@pacific-re.com
DAVID ABBOTT
(206) 971-7018 david.abbott@pacific-re.com
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through Pacific Real Estate Partners, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable.