Core West Coast Trophy Asset – Bellevue, WA
12399 Northup Way, Bellevue, WA 98005

Sold
NRSF
103,397 SF
Core
Bellevue, WA
Ideal Size and Layout: 103,397 Net Rentable Square Feet across 988 units (982 interior and 6 drive-up units) offers significant operating leverage.
Exceptional Street Presence: Hilltop corner location provides commanding visibility from all approaches with 37,000+ cars passing daily.
Institutional-Quality Construction: Built in 2016, featuring a modern storefront, fully conditioned units, wide interior corridors, enhanced security, two elevators and spacious loading area.
High Income Demographic: Bellevue is one of the wealthiest areas in the entire state. The average household income is $218,751 within 3-miles of the Property.
Market Strength: Low storage inventory of 6.85 SF/capita with no new supply in the pipeline, high entry barriers, and 7.1% YOY CC rent growth through Nov. 2025.
Stabilized Asset With Upside: Proven ability to drive revenue growth with durable cash f low and operational upside, existing physical occupancy by SF at 93%.

The Cushman & Wakefield Self-Storage Advisory Group has successfully closed on the sale of a best‑in‑class, core self-storage facility located in the high-growth, high-income city of Bellevue, Washington—one of the premier submarkets within the Seattle metro area.




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