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

1 Licton Springs APARTMENTS :: FINANCIAL SUMMARY For More Information Please Contact

Aaron Locke 206.774.5436 [email protected]

Isaac Chamberlin 206.774.5422 [email protected]

2621 Eastlake Ave E , WA 98102 www.tfgre.com Development Studies Investment Summary Location Overview Property Overview 04 08 06 02

Lombard Assemblage | | Assemblage Lombard EVERETT

1 Licton Springs APARTMENTS :: FINANCIAL SUMMARY Preliminary design study for 180 units for design study Preliminary Zone in a Qualified Opportunity Located Everett in Downtown located Pivotally station rail light future from away Blocks employers major to access Easy The site is occupied and has a substantial income on a monthly basis on a monthly income and has a substantial The site is occupied during their entitlement process. which will benefit the purchaser Lombard Assemblage has a favorable location due to its proximity to due to its proximity Assemblage has a favorable location Lombard transportation (Everett’s Station, Union 5, Interstate Downtown Everett, major employers station), the future hub and the site of Naval Community College, and Everett’s such as Boeing, Everett and Shipyard. Station footage of 452 SF. The zoning allows for a multitude of uses such as multitude of a allows for The zoning 452 SF. of footage push a strong is make Everett of City retail. The and office multifamily, developer Downtown, which has made them development to increase a developer many options to capitalize This opportunity gives friendly. submarket. Everett downtown on the quickly growing The Foundation Group is pleased to exclusively offer The Lombard Lombard The offer is pleased to exclusively Group The Foundation Urban Mixed SF of 23,957 approximately is property Assemblage. The up-zoned been has recently (UR) land, which (UM) & Urban Residential by a local a study Per the downtown sector. of rezone in the Everett’s average unit square 180 units with an for the site will allow architect, Investment Overview Investment • • Investment Highlights Investment • • •

Lombard Assemblage | EVERETT :: INVESTMENT SUMMARY 2 Price Quick Facts Average Unit Size Preliminary UnitCount Parcel Numbers Zoning Lot Size 00439074001600, 00439074001400, 00439074001902, 00439074001300, 00439074001901 15,245 SFUM 8,712 SFUR $2,800,000 23,958 SF 452 SF 180

3 Lombard Assemblage | EVERETT :: INVESTMENT SUMMARY Everett Future Link Light Rail Future Metro Everett Zoning Map Zoning Everett Metro Everett is the considerable revitilization plan for the Everett of the Port plan for revitilization is the considerable Everett This venture venture. estate $544 million real which is a large-scale and surrounding jobs while unifying the marina provide will ultimately residential, recreation, of unit consisting as one economic property community. and commercial Regional Medical Center, The Tribes, , and Everett, Naval Station Tribes, The Tulalip Medical Center, Regional Clinic. the Everett has a $341,622 Everett in , city growing As the 9th fastest by new residents 60,000 of growth and a target median home value of individuals to help with bringing this significant amount To 2030. With a population of just under 104,000, Everett is the largest city in city in is the largest Everett just under 104,000, of With a population marina on the public the largest home to Everett, Snohomish County. Everett Seattle. north of lies 25 miles the United States, for west coast jobs. of major employers and a wide variety is also home to many include, Boeing, Providence employers and careers the major Some of Everett Area Description Area Everett

Lombard Assemblage | EVERETT :: PROPERTY OVERVIEW 4 Naval StationEverett Everett Shipyard Everett PublicLibrary Everett MunicipalCourt Everett HighSchool Everett Station Everett MemorialStadium Garfield ElementarySchool

Snohomish River

5 Lombard Assemblage | EVERETT :: PROPERTY OVERVIEW Development Studies Development

Lombard Assemblage | EVERETT :: DEVELOPMENT STUDIES 6 www.tfgre.com Seattle, WA 98102 2621 Eastlake Ave E [email protected] 206.774.422 Isaac Chamberlin [email protected] 206.774.5436 Aaron Locke Please Contact For More Information

needs. determine to yoursatisfaction the suitability of the property for your should conductacareful, independentinvestigation of theproperty to evaluated byyourtax,financial andlegaladvisors. You and your advisors transaction toyoudepends ontaxandotherfactorswhichshouldbe current orfuture performance of theproperty. Thevalueof anyproposed estimates usedare for exampleonlyandmaynotaccurately represent the its accuracyandcompleteness.Anyprojections, opinions,assumptions,or representation aboutit.Itisyourresponsibility toindependentlyconfirm we have notverifieditandcannotmake anyguarantee, warrantyor sources webelievetobereliable. Whilewedonotdoubtitsaccuracy, The information includedinthisdocumenthasbeen obtainedfrom

7 Licton Springs APARTMENTS :: FINANCIAL SUMMARY