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.
On The News
Church teams up with investor to acquire Bothell office building
A flex building at 19201 120th Ave NE in Bothell has sold for $10.2 million. One of the buyers, a church, currently holds services at a nearby Hilton Garden Inn.
Holy Highrise: Church buys Bothell office building with partners
Bought half-empty property with Vladimir Zayshlyy, owner of countertop company Stonewood Design
Colliers Arranges $10.2M Sale of Wright Group Building in Bothell, Washington
Located at 19201 120th Ave. NE in Bothell, Wash., the 59,830-square-foot property features 25,000 square feet of office space, two dock-high doors, eight grade-level doors and 1,000 amps of power.
Colliers Brokers Sale of Long-Held Office, Flex Building in Bothell
Colliers brokered the sale of the Wright Group Building, a 59,830-square-foot office and flex property located at 19201 120th Ave NE in the North Creek business park.
Colliers Brokers $10.2M Sale of Wright Group Office/Flex Building in Bothell’s North Creek
This sale demonstrates that mid-size suburban office/flex assets with diversified tenancy can still attract local owner-user capital, supporting liquidity in established business parks.
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