Wright Group Building

19201 120th Avenue NE. Bothell, WA 98011

SOLD

Sold Price: $10,770,000

February 19, 2026

Closed

59,830 SF

Building Size

Land Size

4.29 acres (186,745 SF)

Building: ±$170.40/SF

Price per SF

Land: ±$54.59/SF

166 stalls (2.88/1,000 SF)

Parking

RH Wright L.L.C.

Seller Entity

David Gunther of Colliers

Represented By

Gracestone Partners L.L.C.

Buyer Entity

Overview

Seller was a family trust; Buyer was a local investor group (Stonewood Design principals + church members).

What makes this transaction newsworthy?

Estate-driven sale of a long-held asset (clean disposition; no 1031 requirement).
Non-traditional buyer pool / use-conversion story: buyer group planning major owner-occupancy with a community-oriented use.
Competing interest from investors, educational uses, and multifamily developers.
Successful close in a soft office market by positioning the property around utility + flexibility (flex/industrial features + sizable office component).

Challenge

Sell an office-heavy flex asset in a soft office market while managing buyer concerns around deferred maintenance (broken window seals + limited striping).

Solution

Broaden the buyer pool beyond traditional office investors by targeting owner-users and conversion buyers, executing a high-touch outreach campaign (CoStar/CBA + direct broker and buyer outreach via email/phone/text/direct mail), and guiding diligence to align the intended use with the business-park framework—resulting in a $10.195M closing on 2/19/2026.

Schedule A Tour

Interested viewing the property? You can book a tour on our calendar below.

All availability is updated in real-time.

DAVID GUNTHER
+1 206 963 0957
david.gunther@colliers.com

601 Union Street, Suite 5300 | Seattle, WA 98101
11225 SE 6th Street, Suite 240 | Bellevue, WA 98004