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11918 Airport Road Everett 11918 Airport Road Everett 2.48 Acres Development Opportunity Hospitality Retail Multifamily Mixed-Use Summary & Highlights Great development opportunity on intersection of Airport Rd (128th St) and Offering Process Evergreen Way (HWY 99) in south Everett. Evergreen Way is a major com- The purpose of this outreach is to solicit anticipated terms and concepts for the mercial corridor linking western Snohomish and King County cities. Airport purchase and redevelopment of the site. This property is being offered without an Road (128th St), originating at the Boeing Everett Plant, links directly to In- asking price. Prospective purchases may submit purchase and sale agreement or terstate 5. proposal including purchase price, feasibility period, amount of earnest money and anticipated close of sale. The site is situated on a there parcels adjacent to a recently developed CVS Interested parties may contact Brian Stuchell for additional offering guidance. store. The overall project site shares a interior road way providing direct access to Evergreen Way, Airport Rd and Center Rd. There is a gentle slope to the site with easterly views of the Cascades at grade level. The immediate area is home to many large employers including Boeing with Brian Stuchell, CCIM ~38,000 employees. Employment and population continue to increase in the area creating diverse opportunities to bring to market new develop- (425) 320-1242 ments to meet increased demand. [email protected] Opportunity Highlights Proximity and efficient access to Interstate 5, Hwy 99, Hwy 525 The information contained in this document has been obtained from sources believed reliable. Close proximity to major employers While Eclipse Real Estate Group (“EREG”) does not doubt its accuracy, EREG has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to inde- pendently confirm its accuracy and completeness. Any projections, opinions, assumptions or Traffic Count - 20,968 Airport Road & 38,570 Evergreen Way estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should 1.2 miles from proposed Paine Field Airport terminal conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Direct access to HWY 99, Airport Rd and Center Rd Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. www.eregrp.com Views of Cascade Mountain range Information Address 11918 Airport Road, Everett, WA Locality Mukilteo MUGA Zoning Urban Center (Snohomish County) Land Use Jurisdiction Snohomish County Land Size ~108,029 SF | ~4.28 Acres Topography Gently sloping Tax Parcels 00380900300105 00380900300106 00380900300203 Floor Area Ratio - FAR Min Max Max Bonus 0.5 1.0 3.75 0.5 0.75 2.50 Summary Everett, WA at a glance In Everett, opportunities are a natural resource. Economic. Educational. Cultural. Recreational. Propelled by our industrial- Population 103,500 strength commitment to innovative businesses, and inspired by a mountain-to-sea natural beauty that defies description. Our community works hard and plays hard. Everett boasts a rising creative class – the thinkers, innovators, inventors and en- Median Age 34 trepreneurs. Everett is proud to be home to The Boeing Co.’s massive manufacturing complex, a magnet that draws numer- ous aerospace and technology companies to the area. Median HH Income $48,410 Everett is also home to the Port of Everett. This deep-water Port is the second largest in Washington state by economic out- Median Home Price $237,750 put and the 5th largest on the West Coast by export value. The Port specializes in construction and manufacturing cargoes, and transships aircraft assemblies for all Boeing Everett jetliners. The Port is also home to Naval Station Everett and the aircraft carrier U.S.S. Nimitz, along with oth- er destroyers and frigates. Whether at work or play, Everett is a rich landscape of choices. Small startups thinking big. Fortune 500 companies delivering larger than life innovations. Some of the best salmon and steelhead fishing in the world. The largest public marina on the West Coast, and the longest, warmest sandy beach in the Puget Sound. Pro and minor league sports teams. A 10,000 seat Xfinity Arena. A housing market that is significantly more affordable than the one just 25 miles away in Seattle. More than 1,600 acres of parks, trails and playgrounds. Nearly 50 miles of freshwater and saltwater shoreline. Everett is a cultural destination where life is celebrated to the full- est with a thriving arts community, free summer concerts along the waterfront and tons of entertainment options. ~ Economic Alliance Snohomish County Seattle and Northwest Washington are among the fastest growing areas in the nation, and an essential part of accommodating the region's continued economic expansion is the intro- duction of a new choice in passenger air travel at Paine Field. The airport's convenient loca- tion makes it the ideal choice for passengers who are looking for a world-class travel experience with a small-town feel and convenience. Paine Field's new passenger terminal will provide service that is superior to larger, more hectic, Links and often overcrowded commercial airports. New technology and modern Paine Field Propeller Airports conveniences will make flying into and out of Paine Field a simple, enjoyable Paine Field Snohomish County Airport and streamlined travel experience. Paine Field is the airport of choice! ~ Paine Field Propeller Airports 11918 Airport Road, Everett, WA Interstate 5 ...................... 1.5 miles Paine Field Terminal* ..... 1.2 miles Boeing Factory ................ 2.8 miles Downtown Everett .......... 7.0 miles Naval Station Everett ..... 8.0 miles Tulalip Casino & Seattle Premium Outlets ........................... 15.6 miles *as proposed Seattle ............................... 22 miles Bellevue ............................ 22 miles Sea-Tac Airport ................ 42 miles Bellingham ....................... 68 miles Vancouver BC ................. 120 miles Portland OR .................... 195 miles Employment & Community Amenities Port of Everett Downtown Everett Navel Station Everett Walter Hall Golf Course Future Airport Terminal Snohomish County Boeing 38,000 Snohomish County Government 2,700 Economic Indicators of Snohomish County (March ‘17) Naval Station Everett 6,500 Premera Blue Cross 2,400 Washington State 5,400 Everett Clinic 2,150 Providence Regional Medical Ctr. 3,500 Everett School District 2,025 Tulalip Tribes Enterprises 3,200 Edmonds School District 2,025 Immediate Proximity 3 2 1 4 5 1 2 3 4 5 CVS 7 Eleven Walmart Home Depot Shell Station Axis Apartments Jack in the Box Panda Express Wendy’s Subway Public Storage Jimmy Mac’s Roadhouse Subway La Palmera Mexican Pasteur’s Noodle Soup Starbucks Chevron Tesoro Cash America Pawn Bento Time Hello Vietnam Firestone Auto Care El Taco Boom Cemitas Tempica Population 1 mile 3 mile 5 mile 24,439 138,273 285,441 Population Growth (‘16 - ‘21) 1 mile 3 mile 5 mile 8.32% 8.30% 8.06% Households 2016 1 mile 3 mile 5 mile 10,013 54,660 108,773 Average HH Income (2016) 1 mile 3 mile 5 mile $60,674 $76,298 $86,817 Daytime Population 1 mile 3 mile 5 mile 8,207 93,590 142,198 Urban Center (UC) For Reference Only Urban centers are compact, well-designed areas that concentrate a variety of land uses in one place. Urban Centers are people oriented living and working places that allow residents to walk to shops and high capacity transit stations. Urban centers are situated where significant population and em- ployment growth can be located, a community-wide focal point can be provided, and the increased Urban Center Assistance Bulletin use of transit, bicycling, and walking can be supported. (Assistance Bulletin #96) Urban Zone Use Categories - Use Matrix (Chapter 30.22.100) Urban Center Development (chapter 30.34A) & Environmental Summary IMAGE: CoStar; CVS building foundation; surface water retention vault servicing CVS site and interior distribution road; environmental remediation excavation Environmental Remediation Summary Available Documents Environmental Site Assessment Phase I UST and Decommissioning and Remediation Report Environmental Date: 02-24-2014 Date: 10-14-2015 Boundary Line Adjustment • 748 tons of petroleum -contaminated soil (PCS) BLA Survey Phase I Environmental Assessment Update excavated and exported for off-site disposition BLA Survey Date: 06-02-2015 • 500 gallon UST removed and decommissioned Stormwater Facility Easement • Groundwater as not encountered at any time dur- Access/Utility Easements ing the UST removal and remediation excavation 11918 Airport Road For reference only 11918 Airport Road 11918 Airport Road Conceptual Site Plan .
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