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16651 & 16717 Redmond WayRedmond, WA 98052
Point Redmond
Asset ClassRetail
overview of deal

Overview

Cushman & Wakefield is pleased to present Point Redmond, a 13,625 square‑foot, income‑producing retail asset with $474,945 projected NOI, located in the heart of Downtown Redmond directly adjacent to the Downtown Redmond light rail station. The property offers investors a rare opportunity to acquire durable in‑place income in one of the Eastside’s most supply‑constrained and demographically advantaged submarkets.

 

Best understood as a covered‑land investment, Point Redmond combines stable current cash flow and embedded rent growth with future land value and redevelopment or assemblage optionality. This difficult‑to‑replicate mix of income stability and premier transit‑oriented positioning meaningfully supports long‑term liquidity and exit potential, even as the asset is underwritten on its current income profile.

Investment Highlights

  • Covered‑Land Income with Embedded Mark‑to‑Market Upside
  • Tenant‑Anchored Income Stability
  • Irreplaceable transit-oriented location
  • Long‑Term Redevelopment and Exit Optionality
  • Central Positioning Within the Eastside Innovation Triangle
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16651 & 16717 Redmond WayRedmond, WA 98052
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