MJMS Bellevue LLC Acquires Bellevue Office Building From Trimark Property Group For $13.89M

An office building located at 14205 Southeast 36th Street in Bellevue, WA, has been sold for $13.89 million. The asset encompasses a total square footage of 42,556 and was sold at a price per square foot of $326. The assessed value of the property was noted to be $12.21 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,890,000
• Buyer: MJMS Bellevue LLC
• Seller: Trimark Property Group
• Market: Bellevue, WA
• Square Footage: 42,556
• Price Per Square Foot: $326

The transaction showcases a growing interest from investors in well-leased office assets in the Bellevue market despite prevailing challenges in the broader market environment.