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The information contained herein has been given to us by the owner or sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Prospective tenants should carefully verify all information contained herein.
For further information or to schedule a tour:
Connor Gilchrist | 425.274.4286 | [email protected]
Chris Rohrbach | 425.646.5266 | [email protected]
10500 NE 8th Street, Suite 900Bellevue, Washington 98004425.646.3444 • broderickgroup.com
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
R A R E O W N E R U S E R O P P O RT U N I T Y
APPROX. 5,600 SF OFFICE / WAREHOUSE / SHOWROOM
AVAILABLE SPACE FOR SALE 5,600 SF Office / Warehouse / Showroom
→ 2,050 SF Office / Showroom
→ 1,400 SF Second-floor Office
→ 2,150 SF Warehouse
PROPERTY FEATURES• Lot Size: 10,316 SF
• Parking: 2:1,000; additional street parking
• Grade level loading
• Prominent building signage
• Walking distance to Marymoor Park
• Close proximity to retail centers, Whole Foods and restaurants
• Sale Price: $1,950,000
17595 NE 70TH STREETREDMOND, WASHINGTON
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
17595 NE 70th Street | Redmond, WA 98052
3 48
2
5
7
9
10 1112
1819
23
21
15
MARYMOOR PARK
14 1322
20
24
25
REDMOND TOWN CENTER
DOWNTOWN REDMOND
3
4
2
5
1 Whole Foods
Pomegranate Bistro
Jimmy John’s
Chipotle
Subway
8
7
9
10
6 Postdoc Brewing
Peet’s Coffee & Tea
Asiana Bistro
Panera Bread
Starbucks
11
12
15
14
13
Rite-Aid
Agave Cocina
Baskin Robbins
Fatburger
Bank of America
16
17
18
19
20
Blazin Bagels
Mac & Jack’s Brewery
Home Depot
Fred Meyer
Discount Tire
21
22
23
24
25
Mercurys Coffee Co.
Target
Kohl’s
ZenRock Fitness
Redmond Kindercare
16
16
17
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
AREA AMENITIES
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
17595 NE 70th Street | Redmond, WA 98052
MARYMOOR PARK
REDMOND
TOWN CENTER
DOWNTOWN REDMOND
N
To Bellevue
188th
Str
eet
E. Lake Samm
amish Pkwy
Willows Road
180
th Str
eet
Avondale Road NE
Redmond Way
185
th S
tree
t
Bear Creek Park & Ride
Redmond Transit Center
Proposed Sound Transit Station
Proposed Sound Transit Station
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
ACCESS / TRANSIT
The information contained herein has been given to us by the owner or sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Prospective tenants should carefully verify all information contained herein.
For further information or to schedule a tour:
Connor Gilchrist | 425.274.4286 | [email protected]
Chris Rohrbach | 425.646.5266 | [email protected]
10500 NE 8th Street, Suite 900Bellevue, Washington 98004425.646.3444 • broderickgroup.com
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
R A R E O W N E R U S E R O P P O RT U N I T Y
APPROX. 4,200 SF TOTAL
2,050 SF Office / Showroom / Storage / Restrooms
2,150 SF Warehouse (plus 400 SF Mezzanine)
FLOOR 1
The information contained herein has been given to us by the owner or sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Prospective tenants should carefully verify all information contained herein.
For further information or to schedule a tour:
Connor Gilchrist | 425.274.4286 | [email protected]
Chris Rohrbach | 425.646.5266 | [email protected]
10500 NE 8th Street, Suite 900Bellevue, Washington 98004425.646.3444 • broderickgroup.com
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
R A R E O W N E R U S E R O P P O RT U N I T Y
APPROX. 1,400 SF TOTALFLOOR 2
The information contained herein has been given to us by the owner or sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Prospective tenants should carefully verify all information contained herein.
For further information or to schedule a tour:
Connor Gilchrist | 425.274.4286 | [email protected]
Chris Rohrbach | 425.646.5266 | [email protected]
10500 NE 8th Street, Suite 900Bellevue, Washington 98004425.646.3444 • broderickgroup.com
R e d m o n d C a R p e t & I n t e R I o R s B u I l d I n g
R A R E O W N E R U S E R O P P O RT U N I T Y
OWN VERSUS LEASE ANALYSIS
Redmond Carpet & Interiors Bldg. 17595 NE 70th | Redmond, WA 98052
Own vs Lease Analysis
Own Purchase Price $1,950,000 Down Payment (15%) $292,500 Loan Amount $1,657,500 Costs (½% Loan Fee + Appraisal) $11,288 ($8,288 + $3,000) Total Out of Pocket Expense (Down + Cost) $303,788 Monthly Payment (10/20 @ 4.65% fixed) $10,679 Monthly Principal Reduction $4,167 (On 1st payment) Monthly Expenses (NNN) $2,819 (33,825 / 12) Actual Monthly Expense $13,498 ($10,679 + $2,819) Actual Annual Expense $161,976 ($13,498 x 12) Net Monthly Expenses (inc principal reduction) $9,331 ($13,498 - $4,167) Net Annual Expense in Year #1 (inc principal) $110,876 ($161,976 – $51,100)
Lease
Rentable Space 5,600 SF Monthly Base Rent $/SF $8,400 ($1.50 x 5,600 SF) Monthly NNN Expense $2,819 (33,825 / 12) Net Actual Monthly Expense $11,219 ($8,400 + $2,819) Net Actual Annual Rent Expense $134,628 ($11,219 x 12)
Conclusion
Annual Cost of Ownership $161,976 ($13,498 x 12) Annual Principal Reduction $51,100 (Year 1) Net Annual Cost of Ownership $110,876 ($161,976 – $51,100) Net Annual Cost to Lease (Ex increases) $134,628 Annual Difference in Favor of Ownership $23,802 ($134,628 - $110,826)
Kris Penney
Vice President Business Banker 612.790.7001 Mobile
Member FDIC. All applications subject to normal credit approval. Rates are as of 2.21.2017 and subject to change.
