CAPITOL HILL - LR3(M) DEVELOPMENT SITE 728 Broadway East, Seattle, Washington 98102 Offering Highlights

10th Avenue East

Broadway East East Roy Street

The Property

Seattle’s 728 Broadway East is a unique opportunity to acquire P an exceptional well-located property in Captiol Hill. Capitol Hill is one of SUMMARY ROPERTY Seattle’s premier neighborhoods known for its many restaurants, stylish 728 boutiques, vibrant night clubs, and wide variety of housing. BROADWAY The property is located within a short walk to Seattle College, Seattle University, Pill EAST Hill’s hospitals and South Lake Union, Seattle’s technology and cancer research hub. There are hundreds of companies within a short walk from the property. The property is zoned LR3(M) allowing highest and best use redevelopment to a multifamily project. The existing home provides a buyer the opportunity to live in Capitol Hill’s preferred North Broadway neighborhood or to lease the property for income while land banking property for future redevelopment. The property is ideal for developers, investors and home owners.

Parcel Number 983120-0665

Land Area 5,000 SF (50 feet by 100 feet)

Zoning LR3(M) allowing apartments, townhomes, and single family residences

Sale Price $2,180,000

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MAXIMUM DEVELOPMENTRedevelop POTENTIAL 728 Broadway East EXISTING LR3 728 Broadway East’s highest and best use is to redevelopPROPOSED MHA LR3 Floor Area the property to multifamily or residential condominiums.Floor The Area

2.0 2.2 P Ratio (FAR) Max property was recently rezoned from LR3 to LR3(M) allowingRatio (FAR) one Max Height Limit 40’ Height Limit 50’ 5' SUMMARY ROPERTY additional story. Zoning allows a wide variety of residential uses Setbacks Setbacks including5' townhomes, apartments, cottages and single-family Front 5’ min Front 5’ min 50' 16' 6" 16' 6" 10’ w alley residence. Upper 12’ above 40’ Rear 15’ w/o alley 10’ w alley < 40’ bldg: 5’ 40' Rear Sides > 40’ bldg: 7’ 15’ w/o alley 100' 78' 6" 78' 6" avg, 5’ min. The property is in the Capitol100' Hill/First Hill Urban Village Overlay < 40’ bldg: 5’

1 per unit; No Sides > 40’ bldg: 7’ avg, 5’ 31' 6" zone that34' 6"provides for the following: min. Parking min. in Urban 50' Villages 1 per unit; No min. 50' Parking in Urban Villages 5' LR3(M) development envelope for 5,000 SF site. 630 SF FloorLot Size Area Ratio (FAR)5,000sf Max 2.3 724 SF Lot Size 5,000sf Total Allowed GSF 10,000sf Total Allowed GSF 11,000sf 565 SF 78' - 6" - 78' Effi ciency Factor .8 78' 6" - Effi ciency Factor .8 Total NSF 8,000sf 22’ cottages Total NSF 8,800sf

Total Units 10 580 SF 512 SF Total Units 14 HeightAverage NetLimit Unit Size 800sf 50’ apartments Average Net Unit Size 650 sf 32' - 0" 23' - 6" Parking Spaces Provided 5 Parking Spaces Provided 5 50’ rowhouses Levels 2-4 Level 5 Example Floorplans EXAMPLE SITE Parking No min. in Urban Villages

LOWRISE 3 Lot Size 5,000 SF

Total Allowed GSF 11,50 0 SF

LR3 design. LR3(M) allows additional story.

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LOWRISE 3

EXISTING LR3

URBAN VILLAGE BOUNDARIES LANDSCAPING AMENITIES

AFFORDABLE HOUSING QUANTITIES

PERFORMANCE HOUSING

High Market Area (7%) .98 = 1 unit Medium Market Area (6%) .84 = 1 unit Low Market Area (5%) .7 = 1 unit

PAYMENT HOUSING

High Market Area ($20.75/sf) $228k Medium Market Area ($13.25/sf) $146k Low Market Area ($7/sf) $77k

*If rounding down to provide aff ordable performance unit, developer must pay for the fraction they are rounding off as payment housing

PRECEDENTS EXISTING ZONING

1427 NW 65th St 1141 N 91st St b9 Architects CB Anderson Architects PLLC LR3 LR3 10,000 SF Lot 6,113 SF Lot 22 units 28 units Sample Development Plan - 5,000 SF Lot Zoned LR3

Hybrid Architecture prepared for following development plan for similar sized lot zoned LR3. 728 Broadway East is zoned LR3 (M) allowing an additional floor with total of six levels including partial lower P level. ROPERTY SUMMARY ROPERTY

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Other LR3 Projects in Neighborhood P ROPERTY SUMMARY ROPERTY

525 Federal Avenue E (29 Units) 750 11th Avenue E - 750 on the Hill (34 Units) 1010 E Republican Street (36 Units)

741 Harvard Avenue E (41 Units) 614 13th Avenue E (20 Units) 740 Harvard Avenue E (38 Units)

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Home at 728 Broadway East P ROPERTY SUMMARY ROPERTY Built in 1906, the elegant craftsman style home has many original features with modern updates including new improvements completed in 1997, 2002 and 2013. The home is approximately 3,160 total SF with 3 bedrooms and 3 bathrooms.

From the tree lined street, you are welcomed to the home by a covered porch entry.

The main level consists of a living room, dining room, kitchen, family room and three quarter bathroom. The kitchen and family have views over the large fenced backyard with deck and gardens for entertaining and pets. There are 3 off street tandem parking stalls with direct access from family room and kitchen area.

The upper level has 3 bedrooms and a full bathroom with soaking tub.

The lower level has separate exterior entry door, three quarter bathroom, laundry room, utility/storage room, living room and another room that may be used as a non-conforming bedroom.

The location, yard and craftsmanship make 728 Broadway East a special place to be.

This property is ideal for developers, investors and home owners.

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Capitol Hill is a hot spot for young tech workers and artists as well as a hub for medical personal working at the many hospitals nearby. Shoppers enjoy the many stores along Broadway Avenue, which is the main street through the heart of Capitol Hill. Food connoisseurs shall enjoy an array of dining options. This popular residential neighborhood is funky and fast-paced, with an endless number of cool blocks to explore. During the day, markets, boutiques, and salons are a big draw. Nightlife is hopping with clubs, bars, and music venues.

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Capitol Hill’s largest and most popular public park is the 48 acre Volunteer Park that is home to Seattle’s Asian Art museum, tennis courts, a conservatory, and is host to a variety of city-wide events.

The demand for Capitol Hill apartments and commercial space continues to rise as nearby Amazon grows. Other technology companies are also hiring and relocating to the South Lake Union and Seattle Central Business District areas. This location is also home to longstanding health care providers including Swedish Medical Center, Kaiser Permanente and Virginia Medical Center. Nearby Seattle University and Seattle Central College provide a consistent base to the apartment demand in the area.

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Broadway & Roy Westlake & Mercer • King County Metro bus route 49 stops within a block from Terry & Mercer

728 Broadway East and travels down Broadway. Bus Broadway & Harrison Westlake & Thomas Terry & Thomas728 routes 43, 10, 8 and 11 also access Capitol Hill. BROADWAY EAST Broadway & Denny Capitol Hill Westlake & 9th-Denny • Expansion of the Streetcar Line along 1st Avenue will make Broadway & Pike-Pine northerly connection through Downtown to South Lake Westlake Hub McGraw Square Union Line thereby completing a Streetcar Urban Loop. 2nd & Stewart

Broadway & Marion 1st & Pike • Streetcar Urban Loop will connect Capitol Hill with all

principal ‘core area districts’ of Seattle, including: Yesler Broadway & Terrace 1st & Madison Urban Village, Harborview Medical Center, International District, Pioneer Square, Central Business District, Yesler & Broadway Pioneer Square 5th & 14th & Washington Belltown, Elliot Bay (Harbor) Promenade, Lake Union, Jackson Central District Seattle Center, Capitol Hill, Pike Pine Corridor, Seattle Occidental Mall 7th & 12th & Community College, First Hill Medical Centers Jackson Jackson Legend

Streetcar

Proposed Streetcar • Streetcar Urban Service Map is shown on this page Streetcar Stop

Proposed Streetcar Stop

Sound Transit Link Light Rail Station

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The Capitol Hill link light rail station is located on Broadway, six blocks from 728 Broadway East. The station opened in March of 2016. It is situated between the Westlake and University of Washington stations on the 3.15-mile-long University Link Extension, which runs from Downtown Seattle to the University of Washington campus. Light rail also affords easy access to Sea-Tac International Airport. Future service shall be extended to Everett, Tacoma, and Bellevue.

LIGHT RAIL STATIONS 728 BROADWAY EAST Angle Lake SeaTac/Airport International Tukwila Boulevard Beach Rainier Othello CityColumbia Baker Mount Beacon Hill SODO Stadium Dist./ International Chinatown Pioneer Square University Street Westlake Hill Capitol University of Washington

4 mins. 12 mins. 10 mins. 9 mins. 7 mins. 6 mins. Downtown Seattle Transit Tunnel

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Capitol Hill is home to a large concentration of medical institutions, ARKET SUMMARY especially in the First Hill neighborhood, sometimes referred to as “Pill Hill.” Notable large healthcare providers in the area are Swedish Hospital’s Cherry Hill Campus and First Hill Campus, Virginia Mason Hospital’s Seattle Medical Campus, UW Medicine’s Harborview Medical Center, Kaiser Permanente’s Capitol Hill Campus, and Polyclinic’s First Hill Center. 728 Broadway East is a short walk from these employers.

University of Washington School of Medicine & UW Medical Center 728 BROADWAY EAST

Kaiser Permanente

Swedish First Hill Seattle University Virginia Mason

Benaroya Research Institute

Theraclone Sciences Inc. Harborview Medical Center CellNetix

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The South Lake Union submarket is one of the fastest growing in the ARKET SUMMARY nation. SLU is a growth hub that continues to expand at an exponential rate. SLU is home to some of the largest companies in the state and country. Major employers in the area include Amazon, Microsoft, Facebook, Google, and the Bill & Melinda Gates Foundation. 728 Broadway East is a short walk to these employers.

728 BROADWAY EAST

Bill & Melinda Gates Foundation Google

Apple

Amazon

Facebook

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With Seattle’s high concentration of tech & engineering industries,

the city continues to invest and focus on the development of its youth. M

Seattle ranks amongst the top in the nation for grades K-12 as city ARKET SUMMARY funding helps fuel new and progressive teaching practices. Seattle is also home to one of the nations most respected public universities, University of Washington. With over 40,000 students, it is the largest school in the Pacific Northwest. Seattle is also home to many highly ranked private schools.

University of Washington

Seattle Prep

Bright Water Waldorf School 728 BROADWAY Parkside School EAST

Harvard Avenue School

Lowell Elementary School Cornish College of the Arts

O’Dea High School Seattle Central College

Seattle University

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728 Broadway East is situated amongst some of Seattle’s most

prized destinations. Both Volunteer Park and Cal Anderson Park are M

social hubs that are the lifeblood of the Capitol Hill district. From frisbee ARKET SUMMARY tournaments to a late night stroll with the family, these parks are home to a diverse crowd of outdoor enthusiasts.

Boren Park St. Mark’s Episcopal Cathedral Bloedel Hall

Volunteer Park Lakeview Place 728 Asian Art Museum BROADWAY Museum of History EAST & Industry

Tashkent Park Mexican Consulate

Broadway Hill Park Thomas Street Mini Park

Summit Slope Park

Cal Anderson Park Reflecting Pool

Bullitt Center

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There are hundreds of restaurants and retail shops within one mile. Below is a sample of restaurants, shopping and retail M services in the neighborhood. ARKET SUMMARY

LIST OF SELECTED BUSINESSES

728 FOOD AND DRINK SHOPPING BROADWAY 1. Al Bacha Restaurant 1. Ada’s Technical Books EAST 19 2. Altura 2. Crossroads Trading 1 3 3. Annapurna Café 3. Elliott Bay Books 3 11 4. Bait Shop 4. Goodwill 13 5. BOCA Restobar & 5. QFC 16 2 4 1 Grill 6. Rite Aid 4 20 6. Canterbury Ale 7. Safeway 1 12 House 8. Twice Sold Tales 5 8 9 9 5 1 7. Dick’s Drive Inn 9. Urban Outfitters 4 5 8. Due’ Cucina Italiana 15 2 9. El Farol Mexican HEALTH & WELLNESS Restaurant 1. CorePower Yoga 2 18 2 10. Hot Cakes 7 2. Kaiser Permanente 10 14 6 6 11. Joe Bar 3. Massage Sanctuary 12. Liberty 4. Orange Theory Fitness 17 7 2 13. Lionhead 5. Pacific Northwest 4 1 14. Queen Sheba Fitness 8 3 Ethiopian Restaurant 15. Rione XIII BANKS 16. Single Shot 1. 1st Security Bank 17. Starbucks Different 18. Taco Chukis 2. Bank of America 19. The Lookout 3. Homestreet 20. Vivace 4. Wells Fargo 3 OTHER 1. FedEx Office Print & Ship Center 2. USPS

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The 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, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 19 KEY FACTS EDUCATION 728 Broadway E 1 Mile 59,208 35.1 2% Population Median Age Demographics No High 21% School 118,958 Diploma 6% Some College 72% 2019 Average Household High School Bachelor's/Grad/Prof 1 Mile Radius37,122 Graduate Degree Income (Esri) 2019 Total Households (Esri) M BUSINESS EMPLOYMENT ARKET SUMMARY 59,028 83% KEY FACTSPopulation EDUCATION White Collar 3.6% 59,208 5% 35.1 2% Blue Collar Population 3,159 33,050 Unemployment Median Age 12% Rate Total Businesses Total Employees No High 21% Services School Diploma Some College 118,958 6% INCOME 72% Households By Income 2019 Average Household High School Bachelor's/Grad/Prof The largest group: $100,000 - $149,999 (18.9%) 37,122 Graduate Degree Income (Esri) 2019 Total Households (Esri) The smallest group: $15,000 - $24,999 (6.5%) 728 Indicator Value Difference <$15,000 8.7% +1.8% BROADWAY BUSINESS EMPLOYMENT $15,000 - $24,999 6.5% +1.6% EAST $25,000 - $34,999 6.6% +1.5% 83% $35,000 - $49,999 9.2% +1.1% $50,000 - $74,999 14.0% -0.7% 35.1 White Collar $75,000 - $99,999 12.1% -0.3% Median Age 5% 3.6% $100,000 - $149,999 18.9% -0.6% $83,691 $74,906 $35,181 $150,000 - $199,999 9.2% -2.1% Blue Collar $200,000+ 14.7% -2.5% 3,159 33,050 Median Household Per Capita Income MedianUnemployment Net Worth Income 12% Rate Total Businesses Total Employees Bars show deviation from Services King County

INCOME Households By Income The largest group: $100,000 - $149,999 (18.9%) The smallest group: $15,000 - $24,999 (6.5%) Indicator Value Difference <$15,000 8.7% +1.8% KEY FACTS EDUCATION $15,000 - $24,999 6.5% +1.6% $25,000 - $34,999 6.6% +1.5% $35,000 - $49,999 9.2% +1.1% 59,208 35.1 $50,000 - $74,999 14.0% -0.7% $75,0002% - $99,999 12.1% -0.3% Population $83,691 $74,906$118,958Median$35,181 Age $100,000 - $149,999 18.9% -0.6% Avg HH Income $150,000No High - $199,999 9.2% -2.1%21% $200,000+School 14.7% -2.5% Median Household Per Capita Income Median Net Worth Diploma Some College Income118,958 6% 72% Bars show deviation from 2019 Average Household High School Bachelor's/Grad/Prof 37,122 Graduate DegreeKing County Income (Esri) 2019 Total Households (Esri) Source: ©2019 Esri. BUSINESS EMPLOYMENT FebruarySource: ESRI 10, 2020 83% ©2020 Esri White Collar Bellevue | Seattle | TacomaPage 1 of 1 5% 3.6%nai-psp.com The 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 Blue Collar deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 20 3,159 33,050 Unemployment 12% Rate Total Businesses Total Employees Services

INCOME Households By Income The largest group: $100,000 - $149,999 (18.9%) The smallest group: $15,000 - $24,999 (6.5%) Indicator Value Difference <$15,000 8.7% +1.8% $15,000 - $24,999 6.5% +1.6% $25,000 - $34,999 6.6% +1.5% $35,000 - $49,999 9.2% +1.1% $50,000 - $74,999 14.0% -0.7% $75,000 - $99,999 12.1% -0.3% $100,000 - $149,999 18.9% -0.6% $83,691 $74,906 $35,181 $150,000 - $199,999 9.2% -2.1% $200,000+ 14.7% -2.5% Median Household Per Capita Income Median Net Worth Income Bars show deviation from King County Offering Terms

TERMS OF SALE The Property is being offered “as is”, “where is” and subject to all faults.

Seller makes no representation or warranty with respect thereto. Buyer O

acknowledges that buyer is not relying on any representation or warranty FFERING TERMS of Seller or of any agent or representative of Seller. All information furnished regarding property for sale is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.

NO CONTACT WITH SELLER All contact with seller shall be conducted through NAI Puget Sound Properties listing agents with prior written approval.

OFFERING PROCEDURE NAI Puget Sound Properties hereby solicits offers to purchase 728 Broadway East in Seattle, Washington. Owner shall consider all offers to purchase the property. For more information about this offering or to present an offer to purchase, please contact:

Wyk Parker Sharif Batroukh +1 206 332 1484 +1 206 332 1491 [email protected] [email protected]

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Wyk Parker +1 206 332 1484 [email protected]

Sharif Batroukh +1 206 332 1491 [email protected]