DOCSLIB.ORG

MULTIFAMILY 3RD QUARTER  VACANCY |  UNEMPLOYMENT |  RENTAL RATE |  CONSTRUCTION DELIVERIES 2020 Year-Over-Year Change

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
MULTIFAMILY 3RD QUARTER  VACANCY |  UNEMPLOYMENT |  RENTAL RATE |  CONSTRUCTION DELIVERIES 2020 Year-Over-Year Change MARKET TRENDS | SEATTLE MULTIFAMILY 3RD QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES 2020 Year-over-year change TOP SALE TRANSACTIONS FOR 3Q 2020 # of Sale Price Property Submarket Units Price /Unit Buyer Seller Kiara South Lake Union 461 $320,000,000 $694,143 Oxford Properties Group Holland Partner Group Modera First Hill First Hill 288 $125,000,000 $434,028 Global Asset Capital, Inc. Mill Creek Residential Trust LLC ALTO Apartments Belltown 185 $66,454,000 $359,211 Rise Properties Trust Hartz Mountain Industries, Inc. Clock Tower Village Apartments Outlying McChord 188 $59,975,000 $319,016 The Shidler Group Sunroad Holding Corp. Delano Education Hill 126 $51,500,000 $408,730 G.W. Williams Co. Essex Property Trust, Inc. TOP UNDER CONSTRUCTION # of Property Address Submarket Units Owner Delivery Date Onni South Lake Union Phase II 1120-1122 John St South Lake Union 1,200 Onni Group December 2021 Onni South Lake Union 1120 Denny Way South Lake Union 1,128 Onni Group March 2021 1200 Stewart Street 1200 Stewart St Denny Triangle 1,050 Westbank Projects Corp. December 2021 The Village at Totem Lake 12550-12650 120th Ave NE Totem Lake 851 CenterCal Properties LLC October 2020 2301 Seventh Ave 2301 Seventh Ave Denny Triangle 610 Onni Group June 2021 TOP COMPLETED CONSTRUCTION FOR 3Q 2020 Property Address Submarket # of Units Owner Delivery Date Capitol Hill Station 118 Broadway E Capitol Hill 428 Capitol Hill Housing July 2020 The View by Vintage 9800 219th Ave E Outlying Puyallup 408 Hearthstone Housing Foundation August 2020 Midtown 64 6800 S 246th St Riverfront 365 Goodman Real Estate Inc. September 2020 Market Breakdown Average Rent Annual % 3Q 2020 3Q 2020 3Q 2019 Change Unit Size Monthly Rent New Construction 3,208 1,285 2,972 7.94% Studio $1,330 Under Construction 23,744 26,069 27,562 -13.85% 1 Bedroom $1,495 Vacancy Rate 6.6% 6.1% 5.5% 20.00% 2 Bedroom $1,760 Average Asking Rents $1,622 $1,641 $1,627 -0.31% 3 Bedroom $2,067 Average Price / Unit $326,851 $196,870 $193,885 68.58% Cap Rates 5.1% 5.0% 4.8% 6.25% Net Absorption 572 (358) 2,891 N/A 3Q 2020 | SEATTLE | MULTIFAMILY | KIDDER MATHEWS NEW CONSTRUCTION & ABSORPTION AVERAGE ASKING RENT/UNIT & VACANCY RATE 16K $1.6K 8% 14K $1.4K 7% 12K $1.2K 6% 10K $1K 5% 8K $800 4% 6K $600 3% 4K $400 2% 2K $200 1% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD New Construction Units Absorption Units Asking Rent/Unit Vacancy Rate NUMBER OF UNITS SOLD & GROSS RENT MULTIPLIER (GRM) AVERAGE ASKING SALES PRICE/UNIT & CAP RATES 32K 16% $240K 8% 28K 14% $210K 7% 24K 12% $180K 6% 20K 10% $150K 5% 16K 8% $120K 4% 12K 6% $90K 3% 8K 4% $60K 2% 4K 2% $30K 1% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD Asking Sales Price/Unit Cap Rate Number of Units Sold GRM Kidder Mathews is the largest, independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt equity finance services for all property types. The information in this report COMMERCIAL BROKERAGE was composed by the Kidder Mathews Research Group. ANNUAL NO. OF 27M SALES SF 450+ BROKERS GARY BARAGONA Director of Research ANNUAL ANNUAL 415.229.8925 $9.6B TRANSACTION 42M LEASING SF [email protected] VOLUME BRIAN HATCHER VALUATION ADVISORY Regional President, Brokerage Northwest APPRAISALS TOTAL NO. 206.296.9634 1,680+ ANNUALLY 37/23 APPRAISERS/MAI’S [email protected] PROPERTY MANAGEMENT MANAGEMENT IN ASSETS UNDER PORTFOLIO SF MANAGEMENT KIDDER.COM 70M+ $12B+ This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR. DATA SOURCE: COSTAR 3Q 2020 | SEATTLE | MULTIFAMILY | KIDDER MATHEWS.
Load more

Recommended publications
  • The Regrade, Seattle, WA ABOUT MIDTOWN21
    The Regrade, Seattle, WA ABOUT MIDTOWN21 Midtown 21 is a stunning new mixed-use retail and office building designed with beautiful retail space and set in a neighborhood designed for livability. The neighborhood is rapidly evolving and becoming Seattle’s densest and most livable area. With an emphasis on walkability and the ‘live, work, and play’ mindset, the Denny Triangle is a prime target for retailers and restaurants seeking an 18-hour per day customer base. Denny Triangle seamlessly integrates Seattle’s most vibrant neighborhoods as it is at the nexus of the Central Business District, Capitol Hill, South Lake Union and the retail core. Adjacent buildings provide foot traffic from Amazon, HBO, Seattle Children’s, and more. Future adjacent development will include the $1.6B expansion of the Washington State Convention Center, Seattle Children’s Building Cure, as well as Washington’s largest hotel with over 1,200 rooms at 8th and Howell. 5,720 SF of retail divisible 365,000+ SF Class A office Seattle City Light Electrical Substation Nexus 403 units (2019) 1200 Stewart Metropolitan Park 149,309 SF retail Pho Bac MINOR AVE 336,000 SF oce 876 units Market (2019) House Corned Beef Olive Mirabella Retirement Kinects Tower Tower Apartment 366 units (2018) Apt Tilt 49 1901 Minor 307,000 SF oce(2017) + 393 units 737 units (proposed) Convention Convention Center BOREN AVE Hilton Center Expansion Garden Inn Expansion Surface Parking Jars 564,000 sf oce Juice 222 rooms Hill7 (2020) 1800 Terry 270 units (2018) Midtown 21 Building Cure 365,000 SF
    [Show full text]
  • 2.86-Acres | 124395 Sf
    2.86-acres | 124,395 sf REQUEST FOR PROPOSALS: unique development opportunity premier seattle land site located in south lake union INVESTMENT CONTACTS: Lori Hill Rob Hielscher Bob Hunt Managing Director Managing Director Managing Director Capital Markets International Capital Public Institutions +1 206 971 7006 +1 415 395 4948 +1 206 607 1754 [email protected] [email protected] [email protected] 601 Union Street, Suite 2800, Seattle, WA 98101 +1 206 607 1700 jll.com/seattle TABLE OF CONTENTS Section I The Offering 4 Introduction Investment Highlights Site Summary Objectives and Requirements Transaction Guidelines Section II Project Overview & Development Potential 17 South Lake Union Map and Legend Project Overview Zoning Zoning Map seattle Development Considerations Development Potential Section III RFP Process and Requirements 34 Solicitation Schedule Instructions and Contacts RFP Requirements Evaluation Process Post Selection Process Disclosures Section IV Market Characteristics 50 Market Overview Market Comparables Neighborhood Summary Regional Economy Section V Appendices 74 NORTH See page 75-76 for List of Appendix Documents Copyright ©2018 Jones Lang LaSalle. All rights reserved. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the property without express or implied warranties of any kind. The property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. Section I THE OFFERING 4 | Mercer Mega Block | Request for Proposals 520 REPLACE MERCER STREET LAKE UNION DEXTER AVE N ROY STREET ROY 99 NORTH Last large undeveloped site in South Lake Union | Mercer Mega Block | Request for Proposals 5 THE OFFERING INTRODUCTION MERCER MEGA BLOCK JLL is pleased to present the Mercer Mega Block, a 2.86-acre site acquisition opportunity.
    [Show full text]
  • Seattle New Construction & Proposed Multifamily Projects 1Q20
    Seattle New Construction & Proposed Multifamily Projects 1Q20 80 Camano Island 4 193 Marrowstone ID PROPERTY UNITS Island 4 Affinity at Arlington 170 18 Avalon North Creek 316 Total Lease Up 486 24 Waterfront Place 266 Whidbey 24 33 Greater Residence 123 Island 46 Manor Way Apartments South 205 57 54 Hamptons at Mill Creek 50 57 3214 Broadway 140 63 Helm 192 79 Total Under Construction 976 77 77 Holly Ridge 121 78 18631 Alderwood Mall Pkwy 349 63 46 79 Koz on Weaver Road 100 54 80 Madison Place 81 81 Paradise Lake Road Garden 360 33 Total Planned 1,011 189 78 190 18 189 Evergreen Village 231 81 190 Northline Village 1,370 193 Centennial Park 206 Total Prospective 1,807 5 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Seattle New Construction & Proposed Multifamily Projects 1Q20 408 191 192 409 82 ID PROPERTY UNITS 194 6 Geo 164 6 83 11 Woodin Creek Village Phase II 316 Total Lease Up 480 70 116 11 39 Alexan Shoreline 330 47 Lifebridge 410 39 51 Bower, The 339 195 70 Postmark, The 243 Total Under Construction 1,322 Saint Edward 276 State Park 275 82 Crux 241 Temporarily 83 Bothell Way 200 closed 116 12463 NE Woodinville Drive 167 117 North Aspect Totem Lake 650 Total Planned 1,258 51 117 271 191 Andorra Estates Phase II 240 410 192 Cedar Park Townhomes 52 47 194 Fireside Homes 209 195 Shoreline Place 1,358 271 Proctor Willows 173 275 14312 132nd Avenue NE 87 276 Woodinville Wine Village 425 408 Andorra Estates 84 409 Ballinger Way 227 410 12335 120th Avenue NE 395 Total Prospective 3,250 1 mi Source: Yardi
    [Show full text]
  • Seattle Area Construction Look Ahead February 20, 2020
    Seattle Area Construction Look Ahead February 20, 2020 Also available online at: http://www.seattle.gov/transportation/constructionlookahead.htm For an online map of these events, go to http://www.seattle.gov/travelers. Items will appear on the dates listed. Please note that many of these projects are weather dependent, and may be cancelled due to inclement weather. Please check the project's website for updates. Highlights: January 4 - March 15: Connect 2020 Sound Transit project continues with service reductions and one final weekend closure the weekend of March 14 - 15. February 21 & 22: Full northbound closure of the 1st Ave S Bridge. Nightly 9PM - 8AM. February 22: Columbia St. opens as a two-way street transit corridor. February 22: Seattle Dragons host the Dallas Renegades. XFL football at CenturyLink Field. Kickoff at 2PM. February 27: Seattle Sounders host Olimpia at CenturyLink Field. Kickoff at 7PM. February 28: Full southbound closure of the SR99 Tunnel for emergency repairs. Fri 10PM - Sat 8AM. March 1: Hot Chocolate 15K/5K Run will start and finish at the Seattle Center Sunday morning. The northbound lanes of SR99 will be closed from South Lake Union to Green Lake. March 1: Seattle Sounders host the Chicago Fire at CenturyLink Field. Kickoff at 12PM. March 13: Full northbound closure of the SR99 Tunnel for monthly maintenance. Fri 10PM - Sat 8AM. March 14 - 15: No Link service between SODO and Capitol Hill. Week of February 17 - 23 Planned Construction Date(s) and Project /Location Description of Traffic Impacts Location Times Sound Transit is constructing new tracks that will connect downtown Seattle to the Eastside.
    [Show full text]
  • BUILDING CURE 1920 Terry Avenue Seattle, Washington BUILDING CURE
    BUILDING CURE 1920 Terry Avenue Seattle, Washington BUILDING CURE Together, Seattle Children’s Hospital seizes this once-in-a-lifetime opportunity to build a place where childhood disease can be cured. Located at Stewart Street and Terry Avenue in downtown Seattle, Building SOUTH Cure will expand the Seattle Children’s SITE CAPITOL HILL Research Institute campus to help LAKE accomplish more life-changing research that transforms the lives of Expansion UNION Opening 2020 children and their families. Building Cure will be 13-stories and include research facilities, building operations, a museum and forum space, classrooms, parking for about 300 RETAIL CORE vehicles and ground-oor retail. CBD Pike Place Market PIONEER SQUARE HOTEL ROOMS RESIDENTS 10M 14M PIKE PLACE 22M+ SQ FT OF NEW MARKET VISITORS ANNUAL VISITORS OFFICE SPACE ANNUALLY (Developed or Planned) 613K IN PRIMARY NEW PROJECTS TRADE AREA 14K+ P CURRENT 34K+ 265K $459M NEW RESIDENT UNITS $1.46B DAYTIME 6K+ DOWNTOWN 98K ANNUAL BUSINESS (Developed or Planned) POPULATION NEW ROOMS SEATTLE RETAIL PARKING SPACES REVENUE FROM (Developed or Planned) SALES (2015) CRUISE INDUSTRY DOWNTOWN SEATTLE Seattle City Light Electrical Substation Nexus 403 units (2018) 1200 Stewart Metropolitan Park 149,309 SF retail Pho Bac MINOR AVE 336,000 SF oce 876 units Market (2019) House Corned Beef Olive Mirabella Retirement Kinects Tower Tower Apartment 366 units (2018) Apt Tilt 49 1901 Minor 307,000 SF oce(2017) + 410 units 737 units (proposed) Convention Convention Center BOREN AVE Hilton Center Expansion
    [Show full text]
  • Seattle Multifamily
    4th Quarter 2018 Real Estate Market Review Seattle Multifamily Top Sale Transactions for 2018 Property Submarket # of Units Sale Price Price/Unit Buyer Seller Avana 522 North Creek 558 $173,000,000 $310,036 Decron Properties The Blackstone Group LP Sparc Bel-Red 309 $150,000,000 $485,437 AGI Publishing Inc. USAA Real Estate Company The Reserve Apartments South Lake Washington 440 $143,000,000 $325,000 Griffis Residential Fairfield Residential The Griffis Residential South Lake Washington 440 $139,500,000 $317,045 Griffis Residential Fairfield Residential Cirrus Denny Triangle 355 $103,296,401 $290,976 GID Investment Advisors, LLC Squire Patton Boggs Top Under Construction Property Address Submarket # of Units Owner Delivery Date Onni Towers 1120 Denny Way South Lake Union 1,128 Onni Group November 2020 1200 Stewart St. 1200 Stewart St. Denny Triangle 1,050 Westbank Projects Corp. November 2020 The Village @ Totem Lake 12601 120th Ave. NE Totem Lake 851 CenterCal Properties, LLC August 2019 Tagore &156th Ave NE Tagore & 156th Ave. NE Overlake 658 City of Redmond January 2019 8549 E Martin Way 8549 E. Martin Way E. Olympia 623 The Wolff Company January 2019 Top Completed Construction Property Address Submarket # of Units Owner Delivery Date Hyde Square 2038 155th PI NE Crossroads 485 Carmel Partners June 2018 Kiara 111 Terry Ave. N South Lake Union 461 Holland Partner Group September 2018 McKenzie 2202 Eighth Ave. Denny Triangle 450 Clise Properties Inc. August 2018 Stratus 820 Lenora St. Denny Triangle 396 GID Urban Development Group January 2018 Sitka 1255 Harrison St. South Lake Union 384 Vulcan, Inc.
    [Show full text]
  • Dispatch Activity Report 7/26/19 - 8/1/19
    Dispatch Activity Report 7/26/19 - 8/1/19 Start Date Job ID NR JM App Site Site Address City State Work Type County Contractor Report To Cornerstone General 7/29/2019 139662 * 1 1 Elizabeth Place 7th & I Street Block 66 Anchorage AK Carpenters Anchorage Contractors Inc (AK) Jeff Palmatier 8/1/2019 139761 * 1 1 University Center Suite A1 3801 Old Seward Hwy Anchorage AK Carpenters Anchorage Neeser Construction John Ducharme CLR039c LRDR Power 7/26/2019 139527 * 1 0 Plant Clear AFS Clear AK Carpenters Denali Unit Company Shannon Armstrong Terry Miller Legislative F & W Construction 8/1/2019 139764 * 1 0 Office Bldg 533 Main St Juneau AK Carpenters Juneau Company Dianne Heverling F & W Construction 8/1/2019 139804 * 1 0 Unalakleet - Unalakleet AK Carpenters Nome Company Dianne Heverling Northwest Arctic F & W Construction 7/29/2019 139647 * 1 0 Red Dog Mine Red Dog Mine Red Dog Mine AK Carpenters Borough Company Dianne Heverling Yukon Johnson River Enterprises 7/29/2019 139642 * 0 1 Huslia Community Center 90 Main St Huslia AK Carpenters Koyukuk LLC Rurik Lindner AK 6 3 Total Idaho Falls Civic Wenger Traffic 7/30/2019 139562 1 0 Auditorium 500 S. Holmes Ave. Idaho Falls ID Carpenters Bonneville Corporation Chris Moore Idaho Falls Civic Wenger Traffic 7/30/2019 139634 1 0 Auditorium 500 S. Holmes Ave. Idaho Falls ID Carpenters Bonneville Corporation Chris Moore 7/30/2019 139638 * 0 1 INL ATR INL Site Scoville ID Carpenters Bonneville DR Contractors & Sons Inc Chris Steffler 7/31/2019 139722 * 1 0 ATR Complex INL Site Scoville ID Carpenters Butte DR Contractors & Sons Inc INL Main Gate Security ID 3 1 Total 7/30/2019 139710 * 1 0 River Bend Hospital Corvallis OR Carpenters Benton GBC Structures Frank Goin 7/30/2019 139679 * 0 1 Oregon State University 140 Gill Coliseum Corvallis OR Carpenters Benton GBC Structures Chris Lopez T.
    [Show full text]
  • Dispatch Activity Report 6/14/19 - 6/20/19
    Dispatch Activity Report 6/14/19 - 6/20/19 Start Date Job ID NR JM App Site Site Address City State Work Type County Contractor Report To Parks Hwy MP 356-362 Swalling 6/14/2019 137927 * 1 0 Resurfacing 1900 Railroad Avenue Anchorage AK Carpenters Anchorage Construction Co. Inc Matt Gatton Parks Hwy MP 356-362 Swalling 6/14/2019 137757 * 2 0 Resurfacing 1900 Railroad Avenue Anchorage AK Carpenters Anchorage Construction Co. Inc Matt Gatton High Point 6/17/2019 137717 * 1 0 Cook Inlet Lending Center 36 Spenard Rd Anchorage AK Carpenters Anchorage Construction Ben Swan Parks Hwy MP 356-362 Swalling General 6/18/2019 137869 * 1 0 Resurfacing 1900 Railroad Avenue Anchorage AK Carpenters Anchorage Contracting LLC Matt Gatton Providence Hospital Davis Constructors 6/19/2019 137939 * 1 0 Anchorage 3200 Providence Dr Anchorage AK Carpenters Anchorage and Engineers Mike Parmenter 6/14/2019 137662 * 1 0 CLR039c LRDR Power Plant Clear AFS Clear AK Carpenters Denali Unit Company Daryl Fike F & W Construction 6/14/2019 137735 * 1 0 Unalakleet - Unalakleet AK Carpenters Nome Company Dianne Heverling F & W Construction 6/20/2019 138020 * 1 0 Unalakleet - Unalakleet AK Carpenters Nome Company Dianne Heverling Southeast 6/17/2019 137818 * 2 0 Missile Field 4 Ft. Greely AK Carpenters Fairbanks Neeser Construction Chuck Holbrook Southeast 6/18/2019 137892 * 1 0 Missile Field 4 Ft. Greely AK Carpenters Fairbanks Neeser Construction Chuck Holbrook Southeast 6/20/2019 137968 * 1 0 Missile Field 4 Ft. Greely AK Carpenters Fairbanks Neeser Construction Chuck Holbrook AK 13 0 Total 9924 W Lancaster Atlantic Plant Travis Self 6/18/2019 137832 * 2 0 Rathdrum Power Road Rathdrum Id Carpenters Kootenai Maintenance Inc (Atlantic) Skaar Construction 6/17/2019 137967 * 4 0 Rexburg Storage Tank 2214 W 1000 S Rexburg ID Carpenters Madison Inc.
    [Show full text]
  • Belltown Seattle Multifamily
    MARCH 2018 BELLTOWN SEATTLE MULTIFAMILY Submarket metrics and benchmarks: rent, inventory, new supply and sales. BELLTOWN SEATTLE MULTIFAMILY MARCH 2018 Belltown submarket metrics and benchmarks: rent, inventory, new supply and sales. TABLE OF CONTENTS Overview 1 Submarket Fundamentals 2 Rental Activity by Unit Type 3 Development Activity 4 Transaction Activity 5 123 Properties A- Average Location Rating 18,954 Units B Average Improvements Rating PROPERTY AGE BY UNITS IMPROVEMENTS RATING BY UNITS CONTACT US EFFECTIVE BEDROOMS BY UNITS BUILDING STORIES BY PROPERTIES Get in touch with our team for inquiries and feedback Ron Brock Industry Principal, Matrix (480) 663 1149 ext. 2404 Candice Spencer Customer Service/Retention Manager (480) 663 1149 ext. 2417 1 SUBMARKET FUNDAMENTALS MARCH 2018 RENTAL RATES YEAR-OVER-YEAR ROLLING CHANGE VS MARKET 33rd Rank out of 42 Submarkets 1.3% Y-o-Y Change $2,398 Average Rental Rate March 2018 OCCUPANCY RATE VS MARKET 43rd Rank out of 44 Submarkets 93.1% Occupancy Rate March 2018 INVENTORY GROWTH COMPLETIONS AS % PRIOR INVENTORY 3rd Rank out of 44 Submarkets 18.5% Growth in 2018 - Projected Year End 3,436 Units built in 2018 - Projected Year End Belltown | Seattle Multifamily | 2 RENTAL ACTIVITY BY UNIT TYPE MARCH 2018 QUARTERLY YEAR-OVER-YEAR ROLLING CHANGE BY UNIT TYPE 2016 2017 2018 Unit Type # Units SqFt/Unit Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 One Bedroom 12,149 682 3.7% 6.2% 7.8% 6.7% 7.1% 4.8% 1.6% 1.2% Two Bedrooms 3,679 1,075 0.1% 0.2% 1.0% 0.7% 5.2% 7.1% 5.5% 2.7% Three Bedrooms 150 1,206 8.0% 4.7% 5.5% 0.9%
    [Show full text]
  • Harlow Klimple Crown Hill
    SEATTLE CBD BALLARD 17 TH AVE NW 18 TH AVE NW NW 80TH ST 16 TH AVE NW MARY AVE NW NW 83RD ST 15TH AVE NW HARLOW KLIMPLE CROWN HILL NE 80TH ST HARLOW KLIMPLE CROWN HILL MULTIFAMILY DEVELOPMENT SITE KIDDER.COM OFFERING MEMORANDUM | 8323-8327 15TH AVE NW & 8322-8326 16TH AVE NW | CROWNHILLOFFERING.COM 01 TABLE OF INVESTMENT SUMMARY 02 CONTENTS PROPERTY DESCRIPTION 03 MASSING STUDIES 04 MARKET SURVEY EXCLUSIVELY LISTED BY DAVE SPEERS KEN HIRATA JEFF LOFTUS 05 Senior Vice President, Partner Senior Vice President, Partner Senior Vice President, Partner MARKET OVERVIEW 206.296.9626 206.296.9625 206.248.7326 [email protected] [email protected] [email protected] KIDDER.COM 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.
    [Show full text]
  • Lake Union Marine Industrial Offering Lake Union
    SEATTLE CENTRAL BUSINESS DISTRICT SOUTH LAKE UNION LAKE UNION MARINE INDUSTRIAL OFFERING LAKE UNION FAIRVIEW AVE E N LAKE UNION MARINE INDUSTRIAL OFFERING KIDDER.COM OFFERING MEMORANDUM | 1801 FAIRVIEW AVE E, SEATTLE | SEATTLEMARINEOFFERING.COM CONTACT JASON ROSAUER 206.296.9608 [email protected] DAVE SPEERS 206.296.9626 [email protected] ROB ANDERSON 206.296.9644 [email protected] KIDDER.COM 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.
    [Show full text]
  • Seattle New Construction & Proposed Multifamily Projects
    Seattle New Construction & Proposed Multifamily Projects 1Q19 6 104 ID PROPERTY UNITS 6 Trailside at the Lodge 200 Total Lease Up 200 33 Avalon North Creek 316 100 76 Westgate Village 91 101 89 18727 Blueberry Lane 112 Total Under Construction 519 99 99 3214 Broadway 140 100 Everett Waterfront 266 228 101 Riverview 203 102 18631 Alderwood Mall Pkwy 349 103 Greater Residence 123 104 Affinity at Arlington 170 Total Planned 1,251 223 221 Allegro at Ash Creek 114 222 Evergreen Village 231 224 103 89 223 Farm at Mill Creek, The 382 221 224 Harmony 70 225 Point Wells Urban Center 250 222 102 33 226 Andorra Estates Phase II 240 227 Paradise Lake Road Garden 360 226 227 228 Weaver Road Senior 100 76 383 383 Andorra Estates 84 225 Total Prospective 1,831 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Seattle New Construction & Proposed Multifamily Projects 1Q19 65 38 229 105 ID PROPERTY UNITS 4 Mysa 122 Total Lease Up 122 38 Shoreline 243 54 3310 NE 125th Street 150 65 Arabella II 107 236 Total Under Construction 500 114 105 Alexan Shoreline 309 231 113 Artisan, The 172 114 Lake City Way 170 Total Planned 651 230 229 Sears Redevelopment 1,300 230 13317 Lake City Way 150 4 231 14001 Lake City Way NE 69 235 113 386 235 Caspian, The 252 54 236 Lake City 73 237 Natural Lofts 99 237 386 Lake City Way NE 350 Total Prospective 2,293 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial
    [Show full text]