Seattle Genetics
2-Story Laboratory & Office Building
Building of concrete tilt construction, originally appraised in shell condition, on an As Is and an At Completion basis. Three appraisal updates were subsequently prepared, over the course of tenant improvement completion. All three valuation methodologies were employed while valuing this property.
Bothell
Located in Highland Canyon Park
63,900 sf shell building
4.6-acre site
Appraised for financing and
asset management decisions
Benaroya Research Institute
BioMedical Research & Office Building
Modern laboratory building, with the majority of the space owner occupied. One floor and the bulk of the parking garage is leased to Puget Sound Blood Center. In valuing this property, recent sales for comparable biomedical and medical properties in the area were considered, as well as recently signed biomedical and medical leases. Knowledgeable market participants were also consulted regarding biomedical and biotechnical spaces.
Seattle
First Hill
112,411 sf rentable area
222,550 sf GBA (including
subterranean parking)
35,470 sf site located in the
Virginia Mason Medical Campus
For Bank of America
307 Westlake
Biomedical Building with Ground Level Retail
Leased to Seattle Biomedical Research Institute and Children’s Hospital and Regional Medical Center as the major tenants, with two retail tenants on the ground floor. Appraisal employs all three standard approaches to value.
Seattle
South Lake Union
112,138 sf rentable building area
49,314 sf of subterranean parking