AGM Wealth Report

For Sale: Pacific Office Park | Boutique Owner-User Office Offering in the Bellevue Medical Corridor

Feb 28, 2025

Portfolio Insights

Location: 1416 112th Ave NE, Bellevue, WA
Asset Type: Professional Office | Owner-User | Value-Add Potential
Building Size: ±9,202 SF | Two-Story
Service Lines: Advisory | Brokerage | Eastside Office Market Activity

The Opportunity

Lee & Associates, with Troy Gessel as exclusive representative, is pleased to bring to market Pacific Office Park, a ±9,202 square-foot professional office building located on the edge of downtown Bellevue. This rare offering presents an ideal acquisition for owner-users, professional service providers, or investors looking to establish a foothold in one of the region’s most competitive and supply-constrained office submarkets.

The building offers a versatile layout with a mix of private offices, collaborative open spaces, and added lifestyle features such as two second-floor decks totaling over 1,000 square feet. With excellent visibility on 112th Ave NE, the property also benefits from high exposure in the Bellevue Medical Corridor—making it well-suited for medical, legal, or creative office users.

Property Highlights

  • Prime location with visibility along 112th Ave NE

  • Situated within Bellevue’s designated Medical Corridor

  • Adaptable floor plan for medical, office, or daycare use

  • Potential for owner occupancy or value-add repositioning

  • Two second-floor decks and ample surface parking

  • Proximity to downtown Bellevue, I-405, and public transit


Why It Matters

As Bellevue continues to densify and evolve into a regional employment hub, smaller, standalone office assets with user flexibility have become increasingly rare. Pacific Office Park offers a strategic opportunity for long-term users seeking to control occupancy costs or reposition for future upside.

This brokerage assignment reflects AGM and Lee & Associates’ strength in identifying niche office opportunities and advising clients in asset-specific strategies, from owner-user scenarios to long-term investment holds.

AGM’s Perspective

This offering supports AGM’s broader investment thesis around Eastside growth corridors, proximity to healthcare and transit infrastructure, and zoning that allows adaptability for evolving market demands. Whether repositioned, re-tenanted, or held for operational use, Pacific Office Park represents a low-barrier entry point into Bellevue’s high-performance real estate landscape.

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