Seattle · Commercial sale

Office building at 345 118th Ave SE in Bellevue sells for $6.35 million

An office building at 345 118th Ave SE, Bellevue sold for $6,350,000 on September 28, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 28, 2026

Sold September 28, 2026 · King County, Washington

Aerial view of 345 118th Ave SE, Bellevue with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: King County Assessor. The photo can predate the sale.

Sale price: $6,350,000
Sold: September 28, 2026
Property type: Office building
Lot size: 22,402 sq ft

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 28, 2026

Seller's estimated net sheet

345 118th Ave SE, Bellevue

Sale price	$6,350,000
Title and settlement
Owner's title insurance policy	$13,390
Escrow fee	$700
Transfer taxes and recording
State real estate excise tax (graduated)	$159,575
Local real estate excise tax (0.50%)	$31,750
REET technology fee	$5
Prorations
Property tax proration (seller owes)	$14,091.78
Other costs
Wire / courier / payoff processing	$60
Total deductions	$219,571.78
Estimated net to seller	$6,130,428.22

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NetSheet.orgSeptember 28, 2026

Buyer's estimated net sheet

345 118th Ave SE, Bellevue

Purchase price (cash)	$6,350,000
Title and settlement
Escrow fee	$700
Transfer taxes and recording
Deed recording fee	$304.50
Credits
Property tax credit from seller	$14,091.78
Closing costs and prepaids	$1,004.50
Estimated cash to close	$6,336,912.72

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
REET technology fee: $5 per affidavit (confidence medium)
Annual property tax estimated at 0.90% of price ($57,150).
Title and settlement fees are typical estimates, not quotes.

Selling in Bellevue?

The $6,350,000 sale was 42% above the building’s recorded market value. The office building at 345 118th Ave SE in Bellevue sold on September 28, 2026, according to the King County Department of Assessments' sales records.

The Assessor's records put the market value at $4,471,900.

The Assessor's records show a 0.51-acre lot. The record lists Wilburton Holdings LLC as the seller.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in King County?

By our estimate, the seller's two largest charges, not counting prorations, were $159,575 for the state real estate excise tax (graduated) and $31,750 for the local real estate excise tax (0.50%). Who pays what follows King County custom.

How much did the seller net?

By our estimate, the seller netted about $6,130,428. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $6,336,913 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

345 118th Ave SE, Bellevue, WA.

Source: King County Department of Assessments, real property sales, document 3397130. 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.