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Willows NW Business Park 2 Flex Properties in Redmond, WA
Investment Highlights
- TURNKEY UTILITY & SUPERIOR LOADING
- IMMEDIATE OWNER-USER FLEXIBILITY
- TERMINAL INVENTORY SCARCITY
- MARK-TO-MARKET UPSIDE
- REALIZED LEASING MOMENTUM
- PREMIER INNOVATION HUB SYNERGY
Executive Summary
Willows NW Business Park is a premier 28,900 SF multitenant industrial asset located in Redmond’s highly sought after Willows Road corridor. Situated at the epicenter of the region’s innovation economy, the property serves as a critical hub for essential service providers supporting global giants like Microsoft and SpaceX. In a submarket characterized by sub-2% vacancy and extreme barriers to entry, this two-building park offers rare “small-bay” configurations that are increasingly scarce as high land costs and tech flex conversions make new industrial development nearly impossible.
The investment is being offered unpriced, providing a unique opportunity to acquire a high-performance asset with significant embedded rental growth. Currently 87.5% occupied, the asset features a weighted average in-place rent of approximately $1.85/SF, trailing the proven market rate of $2.10/SF. This upward momentum is already being realized through recent renewals, such as Identity Signs, which secured an ±8% rent increase effective May 2026. With 3,624 SF of immediately available space in Building B, a buyer can capture immediate upside through lease up or establish a strategic owner-user headquarters.
The investment is being offered unpriced, providing a unique opportunity to acquire a high-performance asset with significant embedded rental growth. Currently 87.5% occupied, the asset features a weighted average in-place rent of approximately $1.85/SF, trailing the proven market rate of $2.10/SF. This upward momentum is already being realized through recent renewals, such as Identity Signs, which secured an ±8% rent increase effective May 2026. With 3,624 SF of immediately available space in Building B, a buyer can capture immediate upside through lease up or establish a strategic owner-user headquarters.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 27,844 SF |
| Number of Properties | 2 | Total Land Area | 2.24 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 27,844 SF |
| Total Land Area | 2.24 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Willows NW Business Park - East Building
14935-14963 NE 95th St St, Redmond, WA 98052 |
Flex | 14,422 SF | 1984 | - |
|
West Building
14935-14963 NE 95th St St, Redmond, WA 98052 |
Flex | 13,422 SF | 1984 | - |
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Willows NW Business Park
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