Kirkland, Washington, is an attractive destination for investors seeking to capitalize on the city's strong economy and desirable location. With 15 commercial real estate listings available for sale, Kirkland offers a diverse range of investment opportunities. Commercial real estate in Kirkland can encompass various types of properties, including office buildings, retail spaces, and industrial facilities, each with its unique benefits and potential for returns. The city's proximity to Seattle, Bellevue, and Redmond, as well as its scenic waterfront location on Lake Washington, make it an attractive hub for businesses and entrepreneurs. Kirkland's infrastructure, including transportation services provided by King County Metro and Sound Transit Express buses, as well as the planned Link light rail line, further enhances its appeal. Additionally, the city's strong education system, featuring institutions like Lake Washington Technical College, Northwest University, and Bastyr University, contributes to its desirability. With its rich history, scenic beauty, and modern amenities, Kirkland is an excellent choice for businesses and investors alike.
Kirkland's commercial real estate market is characterized by its diversity and accessibility. The city's average price per square foot is $584 USD, with an average property size of 8,695 square feet. The largest property available is 25,251 square feet, offering ample opportunities for businesses of all sizes. In addition to commercial real estate, Kirkland also offers industrial properties, such as warehouses and manufacturing facilities, which can be found near major transportation hubs like Interstate 405. Apartment buildings are another option, with many complexes located near the city's scenic waterfront parks. Office properties, including those in the downtown area, offer easy access to amenities like restaurants, art galleries, and public Transportation. Hotels, like the ones near the Totem Lake neighborhood, cater to visitors and business travelers alike. With its unique blend of natural beauty, modern amenities, and economic opportunities, Kirkland is an attractive destination for investors and businesses seeking to establish a presence in the Pacific Northwest.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Kirkland, Washington, there are several alternatives to consider, including:
- SBA Loans, which offer favorable terms and lower down payments for small business owners;
- Conventional Loans, which provide competitive interest rates and flexible repayment terms;
- Private Money Loans, which offer quick access to capital and flexible underwriting requirements.
It's essential to explore these options and consult with a financial expert to determine the best financing strategy for your commercial real estate investment in Kirkland, where you can find 15 available listings with an average price per square foot of $584 USD and an average size of 8,695 square feet.
How do cap rates factor into commercial real estate purchases?
When considering a commercial real estate purchase in Kirkland, Washington, understanding the cap rate is crucial. With an average cap rate of 5.89%, investors can gauge the potential return on investment for a property, making it a vital factor in their purchasing decision - to learn more about this key metric, check out our article on what is a cap rate.
In Kirkland, where there are currently 15 available listings of commercial real estate, a thorough analysis of the cap rate can help investors navigate the market and make informed decisions. By considering the cap rate alongside other factors such as the average price per square foot of $584 USD and average property size of 8,695 square feet, investors can make a more informed decision when purchasing commercial real estate in this desirable Eastside city.
What is considered a commercial property?
In Kirkland, Washington, a commercial property refers to a building or land used for business or commercial activities, such as office spaces, retail stores, restaurants, warehouses, and manufacturing facilities, which are available for sale or lease, with 15 listings currently on the market.
These properties can range in size from 8,695 square feet to 25,251 square feet, with an average price per square foot of $584 USD and an average cap rate of 5.89%, offering a variety of opportunities for businesses and investors in Kirkland's commercial real estate market.
