Seattle, Wash. (October 1, 2018) – GE Healthcare Building, a 53,555 square-foot, two-story office and technology production facility, located at 1040 12th Avenue NW in Issaquah, Washington has sold for $15,700,000. The seller, Redstone Group, one of British Columbia’s largest private commercial real estate companies, was represented in the transaction by Kidder Mathews commercial real estate broker, Andy Miller. The property was purchased by Lytle Enterprises, a senior housing investment and development company, based out of Bellevue, Washington. Lytle Enterprises was represented in the transaction by Joe Lynch, also with Kidder Mathews.
The building is situated on 4.05 acres in the heart of Issaquah’s central core. It is occupied by a single long-term tenant. Recently the property has been up-zoned, making it an ideal site for future redevelopment opportunities.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $7 billion in transactions, manages over 50 million square feet of space, and conducts over 1,500 appraisals annually. For more information, visit kiddermathews.com.