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Miami-Based Buyer Pays $17MM for Cedar Crest Academy’s 23,000 SQFT Bellevue Campus Building
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Miami-Based Buyer Pays $17MM for Cedar Crest Academy’s 23,000 SQFT Bellevue Campus Building
The trade of a fully occupied, single-tenant elementary school building for nearly $1,000 per square foot of net space underscores investors’ continued willingness to pay premium pricing for stabilized, need-based real estate on the Eastside even as broader Bellevue office fundamentals stay soft. A newly formed buyer entity registered in Miami, Florida, and bearing the same name as the private school that occupies the site has acquired the Belle…
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