Bellevue Office Sells for $25m, Townhomes to Follow
Key Details of Bellevue Office Sale The Eastgate area of Bellevue is widely recognized for its commercial opportunities. A notable office building sale at 3245 158th Ave. underscores key insights into property valuation and market demand. Constructed in 2019, the 96,500 square-foot building was sold while vacant. This marks a significant event in Bellevue’s real estate market. The building was reportedly acquired for $25.2 million on July 29, 2025. The transaction was recorded two months later, highlighting its assessed value. Interestingly, this sale did not include land or future development rights. A critical takeaway from this and similar transactions is the rising home prices that make real estate investments enticing, given their substantial returns. Bellevue's strong office market demand is further emphasized by recent transactions, such as the sale of a Class A office tower in Bellevue's Spring District to Drawbridge Realty. There was no disclosed broker involvement. P...