King County Acquires Former Office Property In Kirkland From Roxborough Group For $32.6M
12025 115th Avenue Northeast
$32,600,000
$490/SF
Building Size
66,483 SF
Asset Type
Office
Closing
May 21, 2026
AI
The Roxborough Group sold a former office property located at 12025 115th Avenue Northeast, Kirkland, WA. The asset, encompassing 66,483 square feet, was sold for $32,600,000, which equates to a price per square foot of $490. This office space is fully leased to Connections Health Solutions, functioning as a behavioral health facility.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $32,600,000
- Sale Date: 05/21/2026
- Seller: Roxborough Group
- Buyer: King County
This transaction involved the Roxborough Group as the seller and King County as the buyer of the property. The facility is part of the Kirkland 405 Corporate Center campus.
Players
Kirkland 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93