Family Investor Sells High Quality Office Building to Owner User
Family Investor Sells High Quality Office Building to Owner User
Transaction Size: 33,373 SF
In 2019, a local family investor decided to sell their well-located Bellevue office building and trade into a multi-family project. They hired Broderick Group to sell 15 Lake Bellevue off market. Broderick Group quickly identified a long time Bellevue developer looking for a building to own and occupy. American Capital Group now owns and occupies 15 Lake Bellevue while the Seller has successfully traded into an income producing multi-family investment.
Seller Benefit
By quickly identifying an off-market buyer, the Seller was able to achieve strong value and quick transaction timelines in order to meet their 1031 reinvestment goals. The buyer was able to acquire a rare office building in Bellevue next to a light rail station that will serve as their headquarters for years to come.