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975 5th Ave NW
Issaquah, WA 98027
Farallon Professional Building · Office Property For Sale
Executive Summary
Rare opportunity to acquire the Farallon Professional Building, a premier Class A office property in the heart of Issaquah. The building offers 10,982 RSF of high-end, versatile space on a large 29,344 SF lot, ideal for a range of users including professional services, medical practices, and childcare operators. Located just 0.3 miles from I-90, this highly accessible property features modern finishes, updated systems (HVAC 2020, LED lighting & paint 2025), and ample surface parking (41 stalls).
Situated in a vibrant, amenity-rich area with walkable access to Gilman Village, Front Street, and Issaquah Commons, the Farallon Building combines functionality, visibility, and long-term value. With a proforma cap rate of 5.62%, this property is well-positioned for both investors and owner-users.
Situated in a vibrant, amenity-rich area with walkable access to Gilman Village, Front Street, and Issaquah Commons, the Farallon Building combines functionality, visibility, and long-term value. With a proforma cap rate of 5.62%, this property is well-positioned for both investors and owner-users.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,982 SF
Building Class
B
Year Built
1991
Price
$7,177,958 CAD
Price Per SF
$653.61 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,491 SF
Building FAR
0.38
Lot Size
0.67 AC
Zoning
RDIS, Issaquah
Parking
41 Spaces (3.73 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,337,151 CAD | |
| Land Assessment | $4,212,436 CAD | Total Assessment | $5,549,587 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,212,436 CAD
Improvements Assessment
$1,337,151 CAD
Total Assessment
$5,549,587 CAD
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