Seattle · Commercial sale
Redmond Propco 1 buys 9988 Avondale Rd NE in Redmond for $59 million
A retirement facility at 9988 Avondale Rd NE, Redmond sold for $59,000,000 on November 2, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $59,000,000
- Sold
- November 2, 2026
- Property type
- Retirement facility
- Lot size
- 317,724 sq ft
The retirement facility at 9988 Avondale Rd NE in Redmond sold for $59,000,000 on November 2, 2026, according to the King County Department of Assessments' sales records. The price was 61% above the recorded market value.
The record lists Redm LLC as the seller and Redmond Propco 1 LLC as the buyer.
Assessor's records show a 7.29-acre lot and a market value of $36,735,500.
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 $1,739,075 for the state real estate excise tax (graduated) and $295,000 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 $56,937,568. 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 $59,086,837 at closing. That covers the full price and closing costs.
Source: King County Department of Assessments, real property sales, document 3401202. 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.
