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Lombard Ave Assemblage 3114, 3118, 3120, 3128LOMBARD AVE, EVERETT

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Lombard Ave Assemblage 3114, 3118, 3120, 3128LOMBARD AVE, EVERETT Lombard Ave Assemblage Ave Lombard 3114, 3118, 3120, 3128 LOMBARD AVE, EVERETT AVE, 3128LOMBARD 3120, 3118, 3114, FINANCIAL SUMMARY APARTMENTS :: APARTMENTS :: Licton Springs 1 For More Information Please Contact Aaron Locke 206.774.5436 [email protected] Isaac Chamberlin 206.774.5422 [email protected] 2621 Eastlake Ave E Seattle, WA 98102 www.tfgre.com Lombard Assemblage | Assemblage Lombard 02 Investment Summary 04 Property Overview FINANCIAL SUMMARY 06 Development Studies 08 EVERETT Location Overview APARTMENTS :: Licton Springs 1 Lombard Assemblage | Assemblage Lombard Investment Overview The Foundation Group is pleased to exclusively offer The Lombard Assemblage. The property is approximately 23,957 SF of Urban Mixed (UM) & Urban Residential (UR) land, which has recently been up-zoned in the Everett’s rezone of the downtown sector. Per a study by a local architect, the site will allow for 180 units with an average unit square footage of 452 SF. The zoning allows for a multitude of uses such as multifamily, office and retail. The City of Everett is make a strong push to increase development Downtown, which has made them developer friendly. This opportunity gives a developer many options to capitalize on the quickly growing downtown Everett submarket. Lombard Assemblage has a favorable location due to its proximity to EVERETT :: EVERETT :: Downtown Everett, Interstate 5, Union Station, (Everett’s transportation hub and the site of the future Link Light Rail station), major employers such as Boeing, Everett Community College, and Everett’s Naval Station and Shipyard. The site is occupied and has a substantial income on a monthly basis INVESTMENT SUMMARY INVESTMENT which will benefit the purchaser during their entitlement process. Investment Highlights • Pivotally located in Downtown Everett • Blocks away from future light rail station • Easy access to major employers • Preliminary design study for 180 units • Located in a Qualified Opportunity Zone 2 Quick Facts Price $2,800,000 Lot Size 23,958 SF 8,712 SF UR Zoning 15,245 SF UM 00439074001902, 00439074001600, Parcel Numbers 00439074001400, 00439074001300, 00439074001901 INVESTMENT SUMMARY INVESTMENT Preliminary Unit Count 180 Average Unit Size 452 SF EVERETT :: EVERETT :: Lombard Assemblage | Assemblage Lombard 3 Lombard Assemblage | Assemblage Lombard Everett Area Description With a population of just under 104,000, Everett is the largest city in Snohomish County. Everett, home to the largest public marina on the west coast for the United States, lies 25 miles north of Seattle. Everett is also home to many major employers and a wide variety of jobs. Some of the major employers and careers include, Boeing, Providence Regional Medical Center, The Tulalip Tribes, Naval Station Everett, and the Everett Clinic. As the 9th fastest growing city in Washington, Everett has a $341,622 median home value and a target growth of 60,000 new residents by 2030. To help with bringing this significant amount of individuals to Everett is the considerable revitilization plan for the Port of Everett which is a large-scale $544 million real estate venture. This venture EVERETT :: EVERETT :: will ultimately provide jobs while unifying the marina and surrounding property as one economic unit consisting of recreation, residential, and commercial community. PROPERTY OVERVIEW Future Link Light Rail 4 Metro Everett Zoning Map Everett Station Naval Station Everett Garfield Elementary School Everett High School Everett Public Library PROPERTY OVERVIEW Everett Shipyard Possession Sound EVERETT :: EVERETT :: Everett Municipal Court Everett Station Lombard Assemblage | Assemblage Lombard Snohomish River Everett Memorial Stadium 5 Development Studies Lombard Assemblage | EVERETT :: DEVELOPMENT STUDIES 6 FINANCIAL SUMMARY For More Information Please Contact Aaron Locke 206.774.5436 [email protected] Isaac Chamberlin The information included in this document has been obtained from APARTMENTS :: 206.774.422 sources we believe to be reliable. While we do not doubt its accuracy, [email protected] we have not verified it and cannot make any guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and may not accurately represent the current or future performance of the property. The value of any proposed transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors Licton Springs 2621 Eastlake Ave E should conduct a careful, independent investigation of the property to Seattle, WA 98102 determine to your satisfaction the suitability of the property for your www.tfgre.com needs. 7.
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