On the Market
Offers Due: CFO Date to be Announced
Tours: Thurs, Feb 29th: 1pm – 3pm and Thurs, Mar 7th: 1pm – 3pm
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Residential Unit Summary
Opportunity to own a trophy asset!
- Substantial Management Upside
- Exceptional, Eastside Location
- Condo-Quality Construction and Details
- Excellent Tenant Amenities
Take advantage of one of Puget Sound’s top rental markets and increase NOI by $160,000+ upon stabilization.
LocationOpen Google Maps
About the Area
Totem Lake, situated in the vibrant city of Kirkland on Seattle’s Eastside, is a dynamic and evolving neighborhood that has undergone significant redevelopment over the past few years, transforming it into a bustling hub blending residential, commercial, and recreational elements.
The neighborhood is centered around the recently redeveloped Village at Totem Lake, an upscale lifestyle center anchored by Whole Foods, Trader Joes, Nordstrom Rack, and Cinemark, contributing to the neighborhood’s lively ambiance.
Positioned strategically along the I-405 corridor, Totem Lake boasts unparalleled connectivity to major employment centers including Bellevue, Redmond, and Seattle. Surrounded by tech giants and startups, such as Google, Tableau, IBM, Microsoft, and Meta, Totem Lake is a hub for innovation. As part of the Eastside’s Tech Innovation Triangle, Totem Lake benefits from a robust job market and consistent population growth.
Beyond its commercial offerings, residents enjoy easy access to parks such as Totem Lake Park, and the Cross Kirkland Corridor, offering green spaces, walking trails, and recreational facilities. Moreover, Totem Lake proudly falls under the umbrella of the Lake Washington School District, renowned as one of the topranked school districts in the State (Top 1%.)
TOTEM LAKE IS THE CENTER OF GROWTH IN KIRKLAND
Preferred Eastside location with access to the region’s top employment hubs, parks, entertainment, and one of Washington's top school districts.
Less than a mile away from the newly redeveloped Village at Totem Lake, an upscale lifestyle center with over 400,000 SF of curated space including: gourmet groceries, boutique shops, a theater, and dining options.
Easy access to the Cross Kirkland Corridor, a 5.75-mile recreational trail that runs through the heart of Kirkland connecting to Bellevue & Redmond.