Bank of America Mercer Island Ground Lease Investment

2830 80th Ave SE
Mercer Island, WA 98040

Wallace Properties as the exclusive representative of the Seller is pleased to offer for sale an extremely rare and unique property in the highly desirable downtown core of Mercer Island. This is the first time in 50 years that the subject property has been available to purchase.  Bank of America (and its predecessor Sea-First Bank) has been a Ground Lease Tenant for 43 years.  The lease provides the landlord with extremely favorable rental adjustment terms.  The property provides reliable income from the second largest bank in the United States and the 32,992 square foot site zoned Town Center (TC-3) provides the opportunity for a future multi-level re-development.