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October 21, 2014

Overlake Office Center Sold for $11.2M

CoStar Group

Elizabeth Davis

Enterprises LLC purchased the Overlake Office Center building at 15446 NE Bel Red Rd. in Redmond, WA for $11.2 million, or about $231 per square foot, from Jackson Green I.

Built in 1980, the four-story office totals 48,568 square feet on two acres at the northwest corner of 156th Ave. NE in King County. The asset was 100 percent occupied at the time of sale.

Andy Miller and Tim Chin with Kidder Mathews represented the seller. The buyer, a Chinese investment firm, handled the sale in-house.

Please refer to CoStar COMPS #3134177 for more information on the transaction.

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