Gateway One is a highly amenitized, four-story Class A office building located less than one mile from downtown Bellevue — one of the most supply-constrained and economically vibrant suburban office markets in the United States. The building's signature three-story atrium lobby, best-in-class conference and fitness amenities, and location along the East Link Light Rail corridor give it a tenant experience that is difficult to replicate in its submarket.

The 9.25-acre site carries a 1.0 FAR upzoning for office, multifamily, hotel, and lab use. Only a fraction of that entitlement is currently in use, creating long-term development optionality and a compelling floor on asset value that is rarely available in an already-stabilized, income-producing office asset.

FSCP acquired this building because of its irreplaceable location at downtown Bellevue's doorstep, its adjacent freeway access, its amenity-rich advantage over the competitive set, and the embedded optionality its land position provides — a combination of current income and long-term upside that is difficult to source in the current market.