3716 S Oregon St | Seattle, WA

206.910.6340 Executive Summary 3716 S Oregon St | Seattle, WA

PROPERTY OVERVIEW

Solid triplex in Columbia City. Many updates and upgrades. New roof and paint. New kitchens and bathrooms. Walking distance to the charming Downtown Columbia City, Rainier Playfield and Community Center.

BUILDING HIGHLIGHTS

• New roof Purchase Price $899,000 • New exterior paint Price per Unit $299,667 Price per SF (Gross) $339 • Two new kitchens Price per NRSF $339 • Two new bathrooms Current Cap Rate 3.63%

• Walking distance to bars and restaurants Address 3716 S Oregon St • Across from Rainier Playfield City, State Seattle, WA Neighborhood Columbia City Year Built 1978 Lot SF 6,685 Acres 0.13 Building Size 2,650 Net Rentable Area 2,650 Number of Units 3 Unit Type 2 Beds / 1 Bath Average Unit Size 883

2 | Urban Commercial Partners Net Operating Income 3716 S Oregon St | Seattle, WA

GROSS INCOME CURRENT PER UNIT Gross Scheduled Rent $50,040 $16,680 W/S/G Bill Back $2,700 $900 Vacancy Loss (3%) ($1,582) ($527) TOTAL GROSS INCOME $51,158 $17,053

EXPENSES CURRENT PER UNIT Property Taxes $7,459 $2,486 Insurance $1,702 $567 Utilities $3,267 $1,089 Repair/Maintenance $4,327 $1,442 Landscaping $1,568 $523 Garbage & Recycling $188 $63 TOTAL EXPENSES $18,511 $6,170

NET OPERATING INCOME $32,647 $10,882 CAPITALIZATION RATE 3.63%

3 | Urban Commercial Partners Sale Comparables 3716 S Oregon St | Seattle, WA

3716 S Oregon St 5047 38th Ave SW Columbia City West Seattle

Sale Price: $899,000 Sale Price: $1,000,00

Year Built: 1978 Year Built: 1958

Units: 3 Units: 3

NRSF: 2650 NRSF: 2,520

Price / Unit: $299,667 Price / Unit: $333,333

Price / NRSF: $339 Price / NRSF: $397 1 Sale Date: 04/21/18

1550 17th Ave E 4757 36th Ave S Beacon Hill Columbia City

Sale Price: $670,000 Sale Price: $1,017,50

Year Built: 1908 Year Built: 1904

Units: 3 Units: 3

NRSF: 1,710 NRSF: 2,890

Price / Unit: $223,333 Price / Unit: $339,167

Price / NRSF: $392 Price / NRSF: $352 2 3 Sale Date: 11/27/18 Sale Date: 10/11/18

1604 SW Henderson St 500 28th Ave S West Seattle Central Seattle Sale Price: $742,000 Sale Price: $875,000 Year Built: 1952 Year Built: 1901 Units: 3 Units: 3 NRSF: 2,690 NRSF: 3,400 Price / Unit: $247,333 Price / Unit: $291,667 Price / NRSF: $276 Price / NRSF: $257 4 Sale Date: 10/19/18 5 Sale Date: 02/19/18

4 | Urban Commercial Partners Employment Map- Seattle 3716 S Oregon St | Seattle, WA

•Google University of Washington •Tableau •Adobe •Dropbox Amazon Fred Hutch •Homestreet Bank •Rhapsody Campus Groupon Facebook •Apple •IOActive KPMG PwC Ernst & Young

Deloitte F5 Networks

•DocuSign Gates Foundation •Nordstrom HQ

•Oracle Moz •twitter Atosa Genetics Uber •Russell Investments •Zillow •PitchBook Oracle Indeed, Inc. •JPMorgan Chase •Cray •heptio

Big Fish Games

5 | Urban Commercial Partners Employment 3716 S Oregon St | Seattle, WA

BUSINESS Seattle offers businesses, site selectors and investors a pool of highly skilled workers in aerospace, agriculture, clean technology, information & communication technology (ICT), forest products, life science/global health and maritime. It is the birthplace of Amazon, Boeing, Costco, Expedia, Microsoft, Nordstrom, PACCAR, REI and Starbucks. Seattle’s culture of creativity and collaboration has changed the world with the age of jet travel, coffee culture, personal computing, and how consumers shop from home.

WAGES Employees in Seattle earn an average of $111,397. The most popular occupations in Seattle are in the Tech Industry which pays between $100,633 and $127,161 per year. Some popular Seattle industries include Information Technology, Construction,, Healthcare, Retail & Wholesale, Finance, Insurance and Real Estate. The most popular employers in Seattle are Amazon, Microsoft, Boeing, Nordstrom, Facebook and Zillow. Since 2012, the Puget Sound area has consistently created between 40,000 and 70,000 new jobs year over year. The diversity of employment, as well as the concentration of high-wage-earning jobs, consistently tops the rest of the nation.

6 | Urban Commercial Partners Population 316 14th Ave | Seattle, WA

SEATTLE — NO. 1 FOR GROWTH THIS DECADE Seattle is the Largest City on the Pacific Northwest. US Census Bureau population estimates confirm the City of Seattle had around 724,745 people living in the City limits alone as of July 2017.

Nearly 60 people per day moved to Seattle a day during 2017, many of whom require housing close South Lake Union and Downtown.

While the bureau estimates the population has grown by more than 17,000 in the past year alone, the new number is more than 50,000 ahead of the 2016 American Community Survey five-year estimates, and an increase of more than 116,000 people since the full 2010 census.

Washington State Office of Financial Management predicts Seattle’s population will top out at the end of 2018 with 730,700 residents for the first time, growing 16,700 (2.34%) year-over-year.

34.2% of the population have advanced degrees.

7 | Urban Commercial Partners