Kidder Mathews received the exclusive listing disposition for this trophy, waterfront property in downtown Kirkland. The offering consisted of a leased up 35,000 sq ft office building, 118 slip marina, and 96 parking stall garage and parking area. The Kidder Mathews team was engaged to market and sell the property together as a packaged unit.
The Homeport Building & Marina was built in 1976 with significant renovations most recently made to the marina in 2006. Almost immediately after construction, the office building signed a restauranteur to a large lease in a prime position within the building. That space housed the first Anthony’s Homeport restaurant, and eventually numerous other office tenants neighbored Anthony’s. Within the past few years prior to putting it on the market, the Sellers had explored numerous interior and exterior improvements to upgrade and modernize the office space. With plans to improve the building in place but no action yet taken, the office had an older feel to it but presented an excellent value-add opportunity to the buying pool.