EXECUTIVE SUMMARY FOR SALE

830 NE 67th St, , WA 98115 Roosevelt Station Development Opportunity

OFFERING SUMMARY PROPERTPROPERTYY O OVERVIEVERVIEWW Chance to purchase one of the last MR zoned parcels in the Roosevelt Urban Village. Steps from the Sale Price: $1,900,000 upcoming Roosevelt station. Perfect opportunity for a small efficiency redevelopment, townhomes, office and restaurant conversion, or simply a buy and hold while the neighborhood transforms with the arrival of the light rail station in 2021. Lot Size: 4,635 SF PROPERTPROPERTYY HIGHLIGHTHIGHLIGHTSS • Located in Roosevelt Urban Village

Zoning: MR • Walk Score of 91, a walkers paradise

• Light rail adjacent, opening date 2021

Market: Roosevelt • MR zoning ideal for maximizing buildable area

Submarket: North Seattle

1 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com ADDITIONAL PHOTOS FOR SALE

830 NE 67th St, Seattle, WA 98115 Roosevelt Station Development Opportunity

2 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com ADDITIONAL PHOTOS FOR SALE

830 NE 67th St, Seattle, WA 98115 Roosevelt Station Development Opportunity

3 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com ZONING FOR SALE

830 NE 67th St, Seattle, WA 98115 Roosevelt Station Development Opportunity

CURRENT PROPOSED

Maximum floor area ration (FAR) 3.2 base, 4.25 bonus 4.5

Maximum height 60 feet base, 75 feet bonus 80 feet

Density limits No limit No limit

Setback requirements

7 feet average 7 feet average front 5 feet minimum 5 feet minimum 0 feet if building has courtyard 0 feet if building has courtyard

10 feet minimum with alley 10 feet minimum with alley rear 15 feet minimum if no alley 15 feet minimum if no alley

If height is less than 42 ft: If height is less than 42 ft: 5 foot min, 7 foot avg 5 foot min, 7 foot avg side If height greater than 42 feet: If height greater than 42 feet: 7 foot min, 10 foot avg 7 foot min, 10 foot avg

15 feet above 70 feet for buildings on streets 15 feet above 70 feet for buildings on streets upper level less than 56 feet in width less than 56 feet in width

Maximum depth 75 percent of lot 80 percent of lot

1 per unit; no minimum in urban villages if 1 per unit; no minimum in urban villages if Minimum parking within a quarter mile of a street with frequent within a quarter mile of a street with frequent transit service transit service 4

es.com LOCATION MAPS FOR SALE

830 NE 67th St, Seattle, WA 98115 Roosevelt Station Development Opportunity

Roosevelt Station Development Opportunity

5 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com SALE COMPS SUMMARY FOR SALE

830 NE 67th St, Seattle, WA 98115 Roosevelt Station Development Opportunity

SALE CSALE COMPSOMPS PRICEPRICE LLOOT SIZET SIZE PRICE/SFPRICE/SF SALE DSALE DAATETE ZZONINGONING 1 5247 University Way NE Seattle, WA $5,200,000 7,440 SF $698.92 08/09/2019 NC3P-65 98115

2 5326 Roosevelt Way NE Seattle, WA $1,125,000 2,844 SF $395.57 04/15/2019 NC2-40 98115

3 835 NE 68th St Seattle, WA $1,530,000 3,700 SF $413.51 12/28/2018 MR 98115

4 5229 University Way NE Seattle, WA $3,449,700 7,440 SF $463.67 06/18/2018 NC3P-65 98115

5 6710 Roosevelt Way NE Seattle, WA $5,500,000 9,178 SF $599.26 On Market NC3P-75 98115

6 508 E Republican St Seattle, WA $1,575,000 3,598 SF $437.74 06/27/2019 MR 98115

7 1415 Belmont Ave Seattle, WA $1,875,000 5,001 SF $374.93 01/11/2019 MR 98115

PRICEPRICE LLOOT SIZET SIZE PRICE/SFPRICE/SF SALE DSALE DAATETE Totals/Averages $2,893,529 5,600.14 SF $510.97

6 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com PUGET SOUND EMPLOYER MAP FOR SALE

SEATTLE AREA EMPLOYERS

1. Adobe 10. Expedia, Inc. 19. Holland America 28. Insurance 37. Valve 2. 11. 20. 29. Saltchuck Resources 38. Virginia Mason 3. 12. F5 Networks 21. 30. 39. 4. Bartells Drugs HQ 13. Facebook 22. 31. Swedish Health Services 40. Zillow 5. 14. Fred Hutch 23. PATH 32. Symetra Financial 41. Zulily 6. Children’s Hospital 15. Gates Foundation 24. Pemco Insurance 33. Tableau Software 7. City of Seattle 16. Getty Images 25. Plum Creek Timber Co. 34. T-Mobile 8. 17. Google 26. RealNetworks 35. Uber 9. Cutter & Buck 18. Group Health 27. REI 36. University of

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4 2 es.com NORTHGATE LINK EXTENSION FOR SALE

8 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com NORTHGATE LINK EXTENSION FOR SALE

9 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com BROKER BIO & CONTACT FOR SALE

MAMATHEW QUTHEW QUAACKCKENBUSHENBUSH MICHAEL TTODDODD PETER HIAPETER HIATTTT Broker Principal | Broker Principal | Designated Broker

1200 Westlake Ave N, Suite 310 1200 Westlake Ave N, Suite 310 1200 Westlake Ave N, Suite 310 Seattle, WA 98109 Seattle, WA 98109 Seattle, WA 98109 (T) 206.505.9417 (T) 206.505.9401 (T) 206.505.9408 [email protected] (C) 206.708.4655 [email protected] [email protected]

PROFESSIONAL BACKGROUND PROFESSIONAL BACKGROUND PROFESSIONAL BACKGROUND Mathew began his career as a research assistant at Mike has developed, owned and managed property in Peter is Westlake Associates’ designated broker. He has Westlake Associates, Inc. in the summer of 2015. Upon Seattle and beyond since 1995. He comes from a long taken a well-rounded approach to his education and earning his Bachelor’s Degree from University of the line of family investors and developers, and he has a career, earning degrees in architecture, engineering and Pacific, Mathew returned to Seattle where he joined the passion for properties that contribute to the integrity of building construction management and then working in Westlake team as a Broker in the fall of 2016. Mathew neighborhoods and local communities. Mike specializes many different aspects of commercial real estate. With specializes in assisting his clients with the acquisition in Investment Properties, Land Development and his experience in sales, leasing, development and and sale of commercial investment properties Commercial Leasing. construction, and commercial property ownership, Peter throughout King and Snohomish counties. His attention understands the development process as well as the to detail and committed work ethic make him an asset to Education ownership and asset management portion of the anyone he works with. As a Seattle native, Mathew has business. an extensive knowledge of in-city and territory University of Colorado, Boulder neighborhood markets. Education B.S.Engineering Purdue University 1972 Education Masters of Architecture University of Washington 1981 University of the Pacific, BA 2016 B.S, Building Construction Management - University of Washington 1981

10 FOR MORE INFORMATION: 1200 Westlake Ave N, Suite 310 MATHEW QUACKENBUSH MICHAEL TODD PETER HIATT Seattle, WA 98109 206.505.9417 206.505.9401 206.505.9408 [email protected] [email protected] [email protected] 206.505.9400 www.westlakeassociates.com