facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Washington

/

Office

/

Sale

/

12025 115th Avenue Northeast

King County Acquires Former Office Property In Kirkland From Roxborough Group For $32.6M
SOLDOffice

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

RG
Roxborough GroupSeller

Kirkland Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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