Bellevue CBD Land Development Opportunity OFFERING MEMORANDUM Table of Contents

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Bellevue CBD Land Development Opportunity OFFERING MEMORANDUM Table of Contents FOR SALE Bellevue CBD Land Development Opportunity OFFERING MEMORANDUM Table of Contents 1. Executive Summary • The Offering • Location Aerial 2. Property Description • Property Profile • Bellevue CBD Zoning • Location Overview • Future Light Rail • Amenities Map 3. Market Overview • Puget Sound Overall Market • Bellevue CBD Development Pipeline • Sale Comparables Offered by Bob Conrad Kidder Mathews Kidder Mathews 500 108th Avenue NE, Ste 2400 [email protected] Bellevue, WA 98004 425.450.1152 kiddermathews.com Troy Gessel AGM Commercial Real Estate [email protected] 425.576.8700 The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies. Kidder Mathews | Offering Memorandum 2 Executive Summary THE OFFERING Kidder Mathews and AGM, as exclusive advisors, are pleased to present the investment offering of four land parcels totaling PROPERTY OVERVIEW 31,718 gross square feet, located in one of the most sought after neighborhoods, Downtown Bellevue. The parcels are zoned DNTN-MU with three located in perimeter design sub district C Property Four (4) parcels in the Bellevue CBD and one parcel located in perimeter design sub district B. Address 138 107th Avenue NE 2,840 SF Retail Building The highest and best use of the property favors a residential development maximizing the current zoning which provides for 141 108th Avenue NE Land/Parking 200’ height limit (sub district C) and 90’ height limit (sub district B) and a Floor Area Ratio (FAR) of 5.0. 129 108th Avenue NE (Pending) Land/Parking Marketing Process 123 108th Avenue NE (Pending) 2,024 SF Retail Building Ownership will consider all offers to purchase all parcels or individually. Land Area 138 107th Avenue NE 7,932 SF 141 108th Avenue NE 7,932 SF 129 108th Avenue NE (Pending) 7,928 SF 123 108th Avenue NE (Pending) 7,926 SF Pricing 138 107th Avenue NE $3,569,400 Total for 138 & 141 $7,138,800 ($450 / SF) 141 108th Avenue NE $3,569,400 129 108th Avenue NE (Pending) $3,567,600 Total for 129 & 123 $7,134,300 ($450 / SF) 123 108th Avenue NE (Pending) $3,566,700 Total Pricing for all Properties $14,273,100 Kidder Mathews | Offering Memorandum 3 LOCATION AERIAL 138 107TH AVE NE 141 108TH AVE NE 129 108TH AVE NE 108th Ave NE 107th Ave NE Ave 107th 123 108TH AVE NE N Kidder Mathews | Offering Memorandum 4 LOCATION AERIAL NE 2nd St 141 108TH AVE NE 138 107TH AVE NE 129 108TH AVE NE 107th Ave NE Ave 107th 123 108TH AVE NE 106th Ave NE Ave 106th 108th Ave NE Ave 108th N Kidder Mathews | Offering Memorandum 5 City of Bellevue Downtown Zoning and Design Districts Bellevue GIS Services E H N E T N 0 E 1 1 V R-20 E 0 O 1 O A 2 V N A D O H O T A T S 8 V 0 E OLB H 1 E T 3 N R-20 N 1 0 1 E NE 13TH ST 8T Y H E A E A V N E N N W E E E V U R-3.5 A E E V N E N E N H E N L T E L 2 L E V 1 P 1 E 2 V A 1 H B T A T H H 6 T R-30 H NE P 12TH PL 0 8 R-20 NE 12TH PL T 1 L 0 R-4 1 1 1 OLB 1200 Bellevue Way 1 OLB ST NE 12TH ST H NE 12TH ST 2T OLB TH ST 1 NE 12 NE 12TH ST NE E NE 12TH ST N Polynesia Cambridge DNTN-R Aloha Village Apartments Cleaners L Silver s a Wells Fargo ' Palazzo II P z o z Onyx n i i Cloud Rosalie Whyel Bank P H Michaels of m Software United States Post Office o E T Bellevue Full Museum of Doll Art Inn D 6 Service Salon N Foundation One Twelfth 98004 Park Place Bellevue North 0 Bank E 1 E Apts. At Twelfth E r LeChateau o e V e N t K's Beverage t c N s s o n n t s e d ' A c h p r a e s Apartments i t House & Deli E Verona n i E i E MulvannyG2 o l n P a n l n Y i C i Ashwood r l h a Storables o a i F N a Pochana Thai & e s e E S Architecture N v H NAFICY b C V ' c g E A Qwest m d d e ic l Court e r e p w r e Extra Space e m Palazzo I Chinese Cuisine i T r c o rt Plastic a p N o o a A E Library a J N a n m h E T u F n o S n W 8 a CH2MHILL i c e Villa Firenze C Surgery s O i r e S B e Minuteman l l s St Serv V l d t i t Square V r E u 0 H b u e E a a a s a t Condo Estate o a Belgate E Aqua Quip Press n A C M N Bellevue Vista 1 T G V A S I T Condos H V E U 0 T Printing & Copy A H A N D 0 V S Papa Belgate T Bellevue 1 H N NE 11 1 Medina Cleaners TH E ST H E 6 2 Johns T 0 Del-Teet Mailboxes & More L Plaza Regional NE T 0 1 V 1TH ST 0 1 0 L 2 Sumiyoshi King Pastry 1 A 1 Warehouse 1 Library 1 E and Deli E Key 1 Property Just Between Us Puget 1 B N a l Bellevue l Hair Salon, Ltd. Bank Sound Development e Puget n i Oldsmobile E Blood e c Toni Maroni's Pizza Sherman f Corportation c f V Sound o a Clay Avalon Center C C Bellevue Pre Owned Cadillac QFC Offices/ Del-Teet A Family Medina Oral Surgery Cars Blood Training Pro Nails Bellevue Furniture H Dentistry Eye Columbia Center T Interiors Bank DNTN-R 1 1 Tenth Street BELFAIR 1 DNTNOLB NE 10TH ST Professional Ctr LN NE 10TH ST NE 10TH ST NE 10TH ST NE 10TH ST e NE 10 E r TH S 0TH ST s T 1 e NE ' a City of NE e y 1 m 0 C r r Moltissimo T N r s H t ' s u S t o T n t n l r i e a a e u k v s Amini European E Bldg. n P N K Y D S a f r o Blockbuster i p o a e Wendy's DNTN-MU L t Law Firm c V S Bellevue . t i y d Tower t t Bellevue Downtown Zoning and Design Districts r n t e A s s & OLB n e a s c i n e i e o Video c t A I E t l n Cascade s e n i a s n . m n i u E i o GIS Services l l Limestone E y t r a a o e a s i t r a n h i N I C D P M F S u C l a P N D n Bldg. N C University e Court t r l u r E Bellevue Village N e a i Mr. J h e E E s d s g S n a 2 Book Bellevue Philharmonic V n e o u d p Kitchen I a V V n 0 D S E n M S L Avis A H Orvis E a o Store A N E Gourmet 1 t A Pacific Dance Center T o i The Sporting Store N l 0 N Oakwood 1 E Redwood o H y 1 Tina Bridal Boutique 1 t Pacific o H i V E H QFC l R-20 0 0 O Ga1 rdens O T a m Conner p Y Apartments A 2 V Hanh's Tailor T e Bldg.
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