401 E 25TH ST 21,971 SF Office Building

KIDDER.COM FOR SALE | TACOMA, WA PROPERTY HIGHLIGHTS

ADDRESS 401 E 25th St, Tacoma, WA

PARCEL NUMBERS 2075210010, 2075210020

PRICE $7,500,000 (Proforma 6.00% cap rate)

RENOVATED building located directly across from the newly redesigned Freighthouse Square Tacoma Rail Station for both Sounder Commuter Rail and Link Light Rail

HIGH QUALITY improvements and layout perfect for owner/user with stable cash flow or value add investment in rapidly improving area

PROPERTY 21,971 SF building

ZONED DMU retail, office, residential, industrial up to 100 feet

TENANTS Sound Transit (credit) and Man Industrial

LOCATED directly across form Sound Transit’s new Freighthouse Square Station near the Tacoma Dome, Pacific Charter School and newly completed DEMOGRAPHICS KOZ Development Apartments 1 Mile 3 Miles 5 Miles ACCESS immediate access to Sounder Commuter Train (Seattle to Lakewood), Tacoma Link Light Rail Population 12,390 105,647 261,192 (through downtown Tacoma and Stadium District), I-5, I-705, SR-509 and Port of Tacoma Average HH $70,290 $80,770 $88,222 Income

Total 1,293 6,401 12,240 Businesses

Total 14,163 67,171 114,646 Employees

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 2 PROFORMA RENT ROLL

State Expiration Rent Per SF Tenant Floor SF Date Date Monthly Rent Per Year Comments

AVAILABLE 1st 8,020 N/A N/A $14,703.33 $22.00 Market rent estimate

AVAILABLE 2nd 900 N/A N/A $1,650.00 $22.00 Market rent estimate

09.21 $1,622.98 $18.55 09.22 $1,671.67 $19.10 NNN lease with 2, one year options to Sound Transit 2nd 1,050 09.2016 08.2026 09.23 $1,721.82 $19.68 renew at fair market value 09.24 $1,773.48 $20.27 09.25 $1,826.66 $20.88

NNN lease. Tenant has rights to 4 Man Industrial 2nd 2,203 03.2012 02.2022 03.21 $3,299.45 $19.97 parking stalls. Option to renew at fair market value

AVAILABLE 2nd 8,848 N/A N/A $16,221.33 $22.00 Market rent estimate

AVAILABLE Full kitchen and bath with 3rd 950 N/A N/A $2,612.50 $33.00 Penthouse/Apartment elevator access

LEASED 3,253 SF AVAILABLE 18,718 SF TOTAL 21,971 SF

CAPITALIZATION RATE VALUE VALUE PSF NRA 6.00% $7,500,000 $341.00

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 3 1201 PACIFIC

HOTEL MURANO

CONVENTION CENTER COURTYARD MARRIOTT

TACOMA ART MUSEUM

UW TACOMA MUSEUM OF GLASS

THE HENRY

PACIFIC CHARTER SCHOOL KOZ APARTMENTS SUBJECT SOUND TRANSIT PROPERTY

SOUNDER STATION

LEMAY MUSEUM TACOMA DOME

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 4 FLOOR PLANS

FIRST FLOOR PLAN | 8,020 SF

AVAILABLE

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 5 FLOOR PLANS CONTINUED

SECOND FLOOR PLAN | 13,001 SF

AVAILABLE

AVAILABLE

SOUND TRANSIT MAN INDUSTRIAL

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 6 FLOOR PLANS CONTINUED

MEZZANINE FLOOR PLAN "PENTHOUSE" | 950 SF

AVAILABLE

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 7 SUBJECT PROPERTY

DMU ZONE

ZONING

DMU Downtown Mixed-Use District

ALLOWABLE USES include retail, office, residential, industrial

BUILDING height limited to 100 ft

FAR 3 for Residential, 2 for Non-Residential*

NO setbacks

NO max lot width

*FAR may be increased for either residential or non- residential through incorporation of design features and transfer of development rights

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 8 NEIGHBORHOOD DEVELOPMENT

APARTMENT DEVELOPMENT PROPOSED TRAX APARTMENTS

KOZ APARTMENTS SOUND TRANSIT TACOMA DOME STATION SUBJECT PROPERTY PROPOSED MOUNT BAY APARTMENTS

APARTMENT DEVELOPMENT

APARTMENT DEVELOPMENT

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 9 595: 590: 586: 577: Station. Kent at schedule Sounder match better to times Adjusting 566: 532: 522: 513: Sound Transit will run special schedules and/or suspend service on the following holidays. holidays. following the on service suspend and/or schedules special run will Transit Sound Holiday schedule, March – September 2021 constraints. scheduling operator to due slightly shift 12-15 schedules every but running minutes, continue Trains Link light rail 512: 511: 510: 510: ST Express routes SERVICE CHANGE, MARCH 2021 org/changes. soundtransit. visit details, route and schedules up-to-date most the For time. any at change to subject is 20, 2021. information March of This as accurate Wave are the Ride of edition PDF this in schedules The RIDER NOTICE Holiday Labor Day Day Labor Independence DayIndependence (observed) Memorial Day Reducing scheduled travel times to reflect current traffic levels. levels. traffic current reflect to times travel scheduled Reducing Adding four Saturday trips, increasing Sunday afternoon service to approx. every 15 min., and 15 and min., every approx. to service afternoon Sunday increasing trips, Saturday four Adding Eliminating one southbound trip due to low ridership and reducing scheduled travel times to reflect reflect to times travel scheduled reducing and ridership low to due trip southbound one Eliminating Adding four daily trips, adjusting timing of some trips to meet demand, and reducing scheduled travel travel scheduled reducing and demand, meet to trips some of timing adjusting trips, daily four Adding reducing and loads, passenger match to trips some of timing adjusting trips, daily four Adding New alignment through Downtown Seattle in northbound direction. All trips (weekdays and and (weekdays trips All direction. northbound in Seattle Downtown through alignment New Adding southbound two morning trips and trip. eliminating northbound one afternoon Adding stop at Tacoma Dome to replace temporarily suspended Pierce Transit Route 102 (Downtown 102 (Downtown Route Transit Pierce suspended temporarily replace to Dome Tacoma at stop Adding Restoring five trips to return to pre-pandemic service level. level. service pre-pandemic to return to trips five Restoring Adjusting schedules on northbound trips to coordinate with Route 595’s new service to Tacoma Dome Dome Tacoma to 595’s service new Route with coordinate to trips northbound on schedules Adjusting Adding stop at Federal Way Transit Center in both directions. directions. both in Center Way Transit Federal at stop Adding Tacoma-Gig Harbor), and to increase Tacoma-Seattle capacity. capacity. Tacoma-Seattle increase to and Harbor), Tacoma-Gig Station. (parallel to Route 578). Route to (parallel St. Howell Way and Olive Ave., 4th via operating St., Ave./Thomas Eastlake at terminate weekends) levels. traffic current levels. traffic current reflect to times travel adjusting times to reflect current traffic levels. levels. traffic current reflect to times conditions. traffic current reflect to times travel scheduled Date Mon.,Sept. 6, 2021 6, Mon.,Sept. Mon., July 5, 2021 July Mon., Mon., May 31, May 2021Mon., Express ST Sunday Sunday Sunday

Sounder No Service No No Service No No Service No light rail light Link Sunday Sunday Sunday Link Tacoma

510 Sound Transit System Map 512 Everett Downtown Everett Everett

Link Light Rail 510 512 532 513 Link Light Rail SOUND TRANSIT MAPS Seaway TC 513 513 (Univ. of Washington– Angle Lake) Mukilteo Eastmont Tacoma Link Light Rail Evergreen THE PROPERTY IS LOCATED directly across from Sound Transit’s Tacoma Way (Tacoma Dome – Theater District) South Everett Dome Station, the busiest commuting hub in Pierce County Sounder 510 511 512 Sounder North (Everett-Seattle) 512 532 532 SOUNDER COMMUTER RAIL to Seattle, Tacoma’s existing Link Light Rail Sounder South (Lakewood/Tacoma-Seattle) Ash Way and its future expansion to SeaTac Airport make this ground zero for new ST Express 535 Alderwood Mall transit oriented development Bold = Route terminus 510 Everett–Seattle Lynnwood 511 532 511 Ash Way–Seattle 512 535 Edmonds 535 512 Everett/Lynnwood–Seattle Canyon Park 513 Seaway TC–Seattle 511 Mountlake 512 Terrace 522 522 Woodinville–Seattle 513 Kenmore Bothell 532 Everett–Bellevue Lake Woodinville Forest Park 522 522 522 535 Lynnwood–Bellevue Shoreline 535 145th Lake City 542 Redmond–University District 512 532 Brickyard 545 Redmond–Seattle 522 535 550 Bellevue–Seattle Northgate 532 Totem Lake SUBJECT 554 Issaquah–Seattle 535 560 Bellevue–Sea-Tac Airport–West Seattle 542 Redmond PROPERTY Green Lake Bear Creek 566 Auburn–Renton–Overlake 542 512 586 542 545 574 Lakewood–Sea-Tac Airport 542 566 545 NE 45th 577 Federal Way–Seattle 545 567 Evergreen Redmond Technology Station University of Washington 542 586 578 Puyallup–Federal Way–Seattle Point Overlake Village Sammamish 580 Lakewood–Puyallup 554 542 545 586 Tacoma–University District Capitol Hill Bellevue 532 560 510 545 590 South Lake Union Transit 535 566 590 Tacoma–Seattle 511 550 592 Westlake Center 550 512 554 594 Seattle 592 DuPont–Lakewood–Seattle 513 577 595 University Street 550 522 578 Bellevue 594 Lakewood–Tacoma–Seattle Pioneer Square 554 554 International District/Chinatown South 595 Gig Harbor–Seattle Bellevue South & King Street Rainier & 554 554 596 Bonney Lake–Sumner Mercer Sammamish Stadium Charles St Island 550 SODO Eastgate Mount Park & Ride Ferry Terminal Beacon Baker 554 Issaquah Highlands Limited Service Sea-Tac Airport Hill Columbia City 560 Newport Hills Issaquah Downtown Amtrak 566 Issaquah 554 Othello 554 02-22-21 Westwood Village 560 Kennydale Rainier Beach 566 560 Tukwila/ International 560 Renton Landing Source: Sound Transit Blvd 566 Renton 560 Burien 560 Tukwila 566 SeaTac/Airport 560 574 Angle Lake

Kent Park & Ride Kent/DesMoines SUBJECT 574 566 Kent PROPERTY Star Lake 574

SOUND TRANSIT 566 TACOMA DOME STATION Federal Way Auburn Park & Ride 574 Auburn 577 566 578 578 Service to Gig Harbor Tacoma and Purdy is funded by Pierce Transit Theater District /S 9th Pierce Transit route to Lakeland Hills 595 590 Commerce St /S 11th Narrows 594 Convention Center /S 15th SUBJECT Tacoma 595 Union Station /S 19th Lakeland Hills Community College S 25th PROPERTY Tacoma Dome

574 590 578 South Tacoma 586 594 578 Sumner 580 596 Source: Sound Transit Puyallup Fairgrounds 580 Lakewood 574 Red Lot Towne Center SR-512 P&R 401 E 25TH ST  OFFERING MEMORANDUM580  KIDDER596 MATHEWS 10 Lakewood South Hill Bonney Lake 574 592 580 580 594 592 594

DuPont 592 594 BUILDING DESIGN FEATURES

HEAVY timber trusses

20 FOOT ceiling height

FULL fire suppression system throughout

SEAMLESSLY retrofitted

HEAVY power

DEDICATED climate controlled server room

EXTERIOR diesel generator in case of power loss

SECURITY system and cameras

ELEVATOR

BAY parking and storage

EXTENSIVE upgrades including penthouse suite

401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 11 401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 12 401 E 25TH ST  OFFERING MEMORANDUM  KIDDER MATHEWS 13 EXCLUSIVELY REPRESENTED BY

BENJAMIN A. NORBE 253.722.1410 [email protected]

KIDDER.COM