Key Bank Building Sells for $36M
Journal Staff, DAILY JOURNAL OF COMMERCE
BELLEVUE — An entity called Fana Key LLC bought the nine-story, 96,571-square-foot Key Bank Building in Bellevue from Legacy Partners for a little over $36 million last week, according to property records.
The property at 10655 N.E. Fourth Street was built in 1972. Foster City, Calif.-based Legacy bought it in 2005 for $22.1 million.
King County appraises the building at $20.6 million.
According to OfficeSpace.com, it is 93 percent leased and the gross rental rate is $25 to $34.
A representative of Legacy could not be reached for comment late Friday afternoon.