Seattle · Commercial sale
Medical office building at 11800 NE 128th St in Kirkland sells for $69.87 million
A medical office building at 11800 NE 128th St, Kirkland sold for $69,868,000 on September 1, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $69,868,000
- Sold
- September 1, 2026
- Property type
- Medical office building
- Lot size
- 51,936 sq ft
A medical office building at 11800 NE 128th St in Kirkland sold for $69,868,000, which is 2.6 times the $27,013,000 market value on record, according to the Assessor's records. The King County Department of Assessments' sales records list the sale date as September 1, 2026.
King County Public Hospital District No 2 is the buyer. The record lists HSRE Evergreen Plaza LLC as the seller.
The deed conveys 2 parcels, and 11800 NE 128th St is the largest one identified. The Assessor's records show a 1.19-acre lot.
An aerial photo of the property shows 2 buildings and a large parking lot. The site sits at a street corner, and the photo shows shops and offices around it.
What this sale costs to close
What does closing cost at this price? Under King County custom the seller's larger charges are $2,065,115 for the state real estate excise tax (graduated) and $349,340 for the local real estate excise tax (0.50%). The seller's estimated net is $66,898,349 before brokerage commissions and any loan payoff. A cash buyer would need about $69,448,648 at closing.
Source: King County Department of Assessments, real property sales, document 3393351. Property details: King County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
