Seattle · Commercial sale
Public Storage Operating buys 12707 141st Ave NE in Kirkland for $96.85 million
A warehouse at 12707 141st Ave NE, Kirkland sold for $96,850,000 on August 4, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $96,850,000
- Sold
- August 4, 2026
- Property type
- Warehouse
- Lot size
- 90,526 sq ft
A warehouse at 12707 141st Ave NE in Kirkland sold for $96,850,000, which is 8.4 times its market value on record. The sale date was August 4, 2026, according to the King County Department of Assessments' sales records.
The record lists Public Storage Operating Company as the buyer. The seller was Money Saver Totem Lake Associates LLC.
The Assessor's records show the property sits on a 2.08-acre lot. The market value on record is $11,507,400, far below the price paid.
What this sale costs to close
What does closing cost at this price? Under King County custom the seller's larger charges are $2,874,575 for the state real estate excise tax (graduated) and $484,250 for the local real estate excise tax (0.50%). The seller's estimated net is $92,789,244 before brokerage commissions and any loan payoff. A cash buyer would need about $96,335,179 at closing.
Source: King County Department of Assessments, real property sales, document 3392188. 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.
