PINEHURST RETAIL BUILDING CBD CAPITOL HILL QUEEN ANNE

LAKE FREMONT BALLARD

U DISTRICT

PINEHURST RETAIL BUILDING

NORTHGATE

LAKE CITY

LABEL OFFERING

Paragon Real Estate Advisors is pleased to offer for sale the Pinehurst Retail Building. This 5,656 square foot building is located in the Pinehurst neighborhood of Northgate which is on the cusp of experiencing an urban renaissance. Built in 1945 the Pinehurst Building offers an Owner-User a great opportunity to purchase a well located building situated on a corner lot with ample parking and visibility. The open  oor plan with high ceilings will allow for a wide variety of uses as well as the ability to creatively customize the space. In addition to being an Owner-User opportunity the building could easily be purchased, renovated and leased out to many businesses that are seeking space for rent. Lastly the Pinehurst Building sits on a 16,259 Square Foot lot zoned NC2-40 offering development potential now or in the future. PINEHURST RETAIL BUILDING

NAME Pinehurst Retail Building

ADDRESS 11552 15th Ave NE, Seattle WA 98125

PARCEL NUMBER 679810-0765

BUILT 1945

SQUARE FEET 5,656 Total Net Rentable

PRICE $1,650,000

PRICE PER FOOT $291.73

PRICE PER LOT FOOT $101.48

LOT SIZE 16,259 Square Feet

ZONING NC2-40

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies. INVESTMENT HIGHLIGHTS

„ Corner Lot

„ Excellent Street Visibility

„ Open Floor Plan WALK SCORE „ Opportunity to Customize Space 84 „ Ample Parking

„ Location has been newly discovered and sought after by home owners and businesses

„ Short Distance to and the highly anticipated future Northgate Station

„ Future Development Site TRANSIT SCORE 55

BIKE SCORE 82 LOCATION HIGHLIGHTS

„ Transit oriented location

„ Close to the future Northgate Light Rail Station

„ Increased desire for home ownership

„ Increase in new development including single family houses, townhouses and apartment buildings

„ 2 blocks to the Hazel Wolf K-8 STEM school

„ High visibility corner

„ Diverse shopping neighborhood anchored by the Northgate Mall

„ Minutes to the Seattle CBD and South Lake Union neighborhoods

„ Near major employment centers including Aerospace, Healthcare, Technology and Universities

„ Conveniently located near the two major north-south highways Interstate 5 and Highway 99

PINEHURST RETAIL BUILDING

The will connect the Northgate, Roosevelt and U District neighborhoods to and the airport The elevated Northgate Station will be located east of 1st Ave NE, spanning NE 103rd Street. Station entrances will be on the Northgate Mall property north of NE 103rd Street and near the south of NE 103rd Street. Construction is currently underway and this station is slated to open in 2021.

The Sound Transit Light Rail Project will give riders a fast, frequent and reliable connection through some of the worst traf€ c congestion in Washington State. This extension builds four new light rail stations from Northgate to Lynnwood along the Interstate-5 corridor, two of which will be located in Shoreline, one at 148th Street and the other at 185th Street. These stations will provide access to the Northgate Mall, bus transfers at the transit center, adjacent park-and-ride facilities, North Seattle Community College and nearby homes and businesses.

Sound Transit anticipates the project starting construction in 2018 and opening for service in 2023 with daily projections estimating between 63,000 and 74,000 riders each weekday by the year 2035. With trains arriving every 4 to 5 minutes riders can expect a 16 minute commute from the station at 145th and downtown Seattle. These transit times will save approximately 14 - 16 min during peak morning commute times. WHY CHOOSE SEATTLE - KING COUNTY?

A HIGHLY-SKILLED WORKFORCE The region’s highly skilled and educated workforce provides a deep talent pool, with 47 percent of adults holding a bachelor’s degree or higher. Top-tier talent is one of the key reasons out-of- state companies, such as Google, Facebook, Apple, Dropbox, Twitter, Alibaba, and SpaceX, are attracted to opening strategic locations in Seattle-King County.

ESTABLISHED INDUSTRY CLUSTERS The success of the clusters has contributed to innovation for emerging industry segments such as biomedical devices, interactive media, e-commerce, clean energy, and space exploration. Small and medium-sized businesses provide a vital contribution to the cluster ecosystem, and in turn bene€ t from the collaborative climate for which the Seattle-King County region is known

CUTTING-EDGE RESEARCH Top-ranked research institutions, including the world-renowned University of Washington, contribute to a high-caliber talent pipeline and encourage record levels of research & development spending from the private, non-pro€ t and public sectors. The region has always fostered the next generation of business, from early-stage startups to high-growth companies with long-term success.

*Data Sources: Washington State Employment Security Department, 2015; Washington State Department of Revenue, 2015; Washington Military Alliance; Washington Aerospace Economic Impacts 2016 Update; US International Trade Administration, 2014. POPULATION, EDUCATION, INCOME

King County contains estimated 872,411 households. This number is forecast to increase to more than 912,000 by the year 2021. The county currently has 18 cities with populations greater than 20,000. Seattle is one of the most educated cities in the United States. Over 57 percent of Seattle’s adult residents have a Bachelor’s degree or higher, nearly twice the national average. An educated city means an educated workforce—a solid backbone for the innovative, knowledge-based industries that drive Seattle’s economy. King County also boasts high educational attainment, with 47 percent of residents over 25 having received a Bachelor’s degree or higher. Roughly 28 percent of King County residents are in professional business/managerial positions. As a result, median household income in King County is well above the U.S. average. Cost of living is generally higher than the U.S. average, but it is in line with other metropolitan areas with similar income levels. MAJOR EMPLOYERS - CENTRAL BUSINESS DISTRICT MAJOR EMPLOYERS - SOUTH LAKE UNION BUILDING PHOTOS 600 University St, Suite 2018 Seattle, Washington 98101

206 623-8880 / [email protected] www.ParagonREA.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies.