KKR & Co. Inc Acquires Office Building In Bellevue For $402M
Expedia Building, 333 108th Ave Ne, Bellevue, Wa 98004, Usa
$402,000,000
$924/SF
Building Size
435,000 SF
Asset Type
Office
Closing
Mar 17, 2020
AI
The office building located at 333 108th Ave. NE in Bellevue has been sold for $402,000,000. The property spans 435,000 square feet, resulting in a price per square foot of $924. The transaction took place on March 18, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $402,000,000
- Address: 333 108th Ave. NE
- Market: Bellevue
- Square Footage: 435,000
- Price per Square Foot: $924
The buyer of the building is KKR & Co. Inc, while the seller is Equity Commonwealth. It is important to note that the property is fully leased to Amazon.
Players
Bellevue Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93