RETAIL CORE
GREENWOOD NORTHGATE
GREENWOOD AVE N
N 85TH ST GREENWOOD DEVELOPMENT
BALLARD GREENWOOD UNIVERSITY DEVELOPMENT DISTRICT
MAGNOLIA DAYTON AVEN
QUEEN ANNE
N 83RD ST CAPITOL HILL
ELLIOTT BAY SEATTLE CBD
GREENWOOD DEVELOPMENT
KIDDER.COM OFFERING MEMORANDUM | 425 N 85TH ST | SEATTLE, WA EASTLAKE QUEEN ANNE
MAGNOLIA
FREMONT
WALLINGFORD
GREENWOOD AVE N N 65TH ST
GREEN LAKE
GREEN LAKE
WINONA AVE N
GREEN LAKE DR N N 80TH ST
N 85TH ST
GREENWOOD DEVELOPMENT 01 TABLE OF INVESTMENT SUMMARY
CONTENTS 02 SAMPLE MASSING
03 EXCLUSIVELY LISTED BY LOCATION OVERVIEW
JASON ROSAUER ROB ANDERSON DYLAN SIMON 206.296.9608 206.296.9644 206.414.8575 04 [email protected] [email protected] [email protected] COMPARABLES
JERRID ANDERSON MATT LAIRD 206.499.8191 206.624.7416 [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. 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.
01 INVESTMENT SUMMARY
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 5 GREENWOOD
N 85TH ST GREENWOOD DEVELOPMENT MAPLE LEAF
GREEN LAKE DR N
N 80TH ST GREENWOOD AVE N AVE GREENWOOD
GREEN LAKE
WINONA AVE N
PHINNEY RIDGE
GREEN LAKE
6 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND N 65TH ST INVESTMENT HIGHLIGHTS
LOCATION, LOCATION, LOCATION: 425 N 85th Street’s central Greenwood location is within an easy 5 minute walk of some of the City’s best restaurants and bars, arts & culture attractions, and practical amenities such as major grocers and services
RISING RENTAL MARKET: On the fringe of Seattle’s most sought-after neighborhoods, 425 N 85th Street will benefit from continued rent growth pushing from Green Lake, Fremont/ Wallingford, and Ballard
REVITALIZATION: Greenwood is poised INVESTMENT for exponential growth as developers flee from over-built and hyper-expensive neighborhoods, capitalizing on the recent upzone and historic neighborhood SUMMARY character
THE OFFERING 425 N 85th Street Development Site is superbly located in the heart of PROPERTY OVERVIEW Greenwood. For future residents Pricing $3,500,000 seeking great and walkable amenities, easy access to Seattle’s Address 425 N 85th Street, Seattle, WA top employers, and a true urban- PHINNEY AVE N neighborhood feel, 425 N 85th N 85TH ST Parcel 643050-0342 Street Development is the clear Total Site Area 12,240 SF choice. Zoning NC2-55(M) Whether 425 N 85th Street GREENWOOD breaks ground as market-rate or DEVELOPMENT Offering Development Site efficiency units, this ideal investment opportunity will benefit from Proposed Unit Count 64 Market Rate (see pg 12 for more info) skyrocketing rents and the increased reinvestment and redevelopment in Additional information can be found at GreenwoodOffering.com Greenwood.
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 7 N 85TH ST
425 N 85TH ST 643050-0342 12,240 SF NC2-55(M)
GREENWOOD AVE N
DAYTON AVE DAYTON N GREENWOOD DEVELOPMENT
N 84TH ST
8 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND EXISTING BUILDING SUMMARY
Building Address 425 N 85th Street, Seattle, WA
Use Single Tenant Office
Tenant Encore Publishing, Inc.
Building SF 4,268 SF
Lease Start 12/20/2002
Lease End Ongoing
Current Rent $9,000
Current Rent/SF $25.30
Tenant Expense Responsibilities Utilities, Real Estate Taxes, Insurance, Repairs & Maintenance
Encore Media Group is aware of the potential sale and redevelopment of the property and are willing to work with the prospective buyer throughout the sale process.
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 9
02 SAMPLE MASSING
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 11 SAMPLE MASSING
MASSING DETAILS
5 residential stories + ground- Building Programming floor retail + below grade parking N 85TH ST Residential Units 64 units
Average Unit Size 543 SF
Residential Net Rentable 34,724 SF GREENWOOD Commercial Net Rentable 1,838 SF
GREENWOOD AVE N DEVELOPMENT Gross SF 56,495 SF DAYTON AVE DAYTON N
N 84TH ST Parking 25 stalls (18,741 GSF)
SAMPLE MASSING PROVIDED BY ANKROM MOISAN ARCHITECTS
12 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND SAMPLE MASSING
FLOOR PLAN - LEVEL P1 FLOOR PLAN - LEVEL 1 FLOOR PLAN - LEVEL 2 - 5
LEVEL GROSS GROSS PARKING ROOF RETAIL LIVE- GROSS LOBBY / NET RES PROJECT # OF AVG. RES. AREA PARKING STALLS DECK WORK RES AREA CORRIDOR AREA EFFICIENCY UNITS UNIT SIZE Roof 600 SF 0 SF 0 600 SF 0 0 0 0 0 SF 0
5 9,652 SF 0 SF 0 0 0 9,652 SF 1,480 SF 8,172 SF 85% 15 545 SF
4 9,856 SF 0 SF 0 0 0 9,856 SF 1,480 SF 8,376 SF 85% 15 558 SF
3 9,856 SF 0 SF 0 0 0 9,856 SF 1,480 SF 8,376 SF 85% 15 558 SF
2 9,856 SF 0 SF 0 0 0 9,856 SF 1,480 SF 8,376 SF 85% 15 558 SF
1 5,475 SF 6,941 SF 0 1,838 SF 1,683 SF 1,424 SF 1,818 SF 1,424 SF 44% 4 475 SF
P1 11,800 SF 11,800 SF 25
TOTALS 56,495 SF 18,741 SF 25 600 SF 1,838 SF 1,683 SF 40,644 SF 7,738 SF 34,724 SF 85% 64 543 SF
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 13
03 LOCATION OVERVIEW
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 15 FRED MEYER
DAYTON AVE N
GREENWOOD AVE N
19,839 CARS DAILY
N 85TH ST
19,973 CARS GREENWOOD DAILY DEVELOPMENT
N 84TH ST Key
COFFEE NIGHTLIFE
FOOD RETAIL/SERVICES
N 83RD ST
16 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND NORTHGATE
GREENWOOD
LOCATION GREENWOOD DEVELOPMENT
OVERVIEW BALLARD
On the outskirts of what were once exclusively considered prime Seattle neighborhoods, North FREMONT Seattle saw a rapid ascension as a Conveniently, 425 N 85th prime investment market after 2012. Development Site is located at Greenwood, a refreshingly eclectic the center of this activity. As the MAGNOLIA and laidback neighborhood within area's commercial attractions and North Seattle, remains a perfect community amenities continue to example of that growth. grow, future residents will have endless opportunities to shop, play, QUEEN ANNE In addition to private multifamily eat, and thrive. development, the City has identified Greenwood as a prime Amidst the neighborhood's CAPITOL HILL area for growth and investment. exciting growth, Greenwood's The Greenwood Town Center, authentic Seattle spirit shines LOCATION HIGHLIGHTS located along 85th Street - the through. As the local chamber of neighborhoods primary East- commerce proudly proclaims, the 5 MINUTE walk to Fred Meyer West corridor - has recently been neighborhood is "Just a little off SEATTLE CBD 8 MINUTE drive to future rezoned to development friendly center." Within a block from 425 Northgate and Roosevelt light zones and increase height limits. N 85th Development Site are local rail stations The re-zone will encourage future shops, cafes, and restaurants line development and investment in the Greenwood Avenue, and nearby 30 MINUTE bus ride to neighborhood, providing residents parks such as Greenwood Park and Downtown with additional amenities and Sandel Park provide sunny green making the area more pedestrian space for community gardens and 7 MINUTE bike ride to Green friendly. playgrounds. Lake
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 17 MAPLE LEAF GOLDEN GARDENS PARK GREENWOOD DEVELOPMENT
GREENWOOD GREENWOOD BRANCH GREEN LAKE BALLARD
UNIVERSITY WALLINGFORD DISTRICT
FREMONT
MAGNOLIA QUEEN ANNE
DOWNTOWN SEATTLE SOUTH LAKE UNION 7.7 miles 5.4 miles
18 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND COMMUTE TO AMENITIES
02 03 03 04 04 06 MINUTES MINUTES MINUTES MINUTES MINUTES MINUTES
Flying Bike Brewery Greenwood Library Lodge Sports Grille Taproot Theater Flintcreek Cattle Co Fremont
06 07 08 08 08 10 MINUTES MINUTES MINUTES MINUTES MINUTES MINUTES
USPS Branch Green Lake Fred Meyer Woodland Park Zoo Northgate Mall South Lake Union
11 12 15 16 17 36 MINUTES MINUTES MINUTES MINUTES MINUTES MINUTES
Golden Gardens Park Downtown Seattle University of Washington Fremont Ballard Downtown Seattle
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 19 NORTHGATE MALL
8TH AVENW 21 REDEVELOPMENT 24TH AVENW 15TH AVENW
6 7 NORTHGATE 25 1 1 20 2 39 31 32 1 9 4 48 NW 85TH ST 8 3 3 10 10 33 18 GREENWOOD 3 40 4 DEVELOPMENT
NW 80TH ST 7
5 6 15 19 2 12 BALLARD 1
9 46 17 2 11 22 12 16 2 13 14 3 13 20 GREEN LAKE 23 21 7 41 42 37 12 11 5 4 8 47 5 35 16 NW 65TH ST 7 38 36 6 34
14 10 PHINNEY AVEN 11
NW MARKET ST 2 27 WALLINGFORD
28 NE 50TH ST 14 7 29 15 17 9 30 14 4 53 11 22 9 26 6 18 1 8 N 45TH ST 15 5 45 19 13 25 50 49 51 24 23 8 52 44 43 41
20 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND 9 WOODLAND PARK ZOO NEIGHBORHOOD AMENITIES
FITNESS 34 Windy City Pie EAT + DRINK 35 Red Mill Burgers 1 CrossFit Phinney Ridge 1 Flying Bike Cooperative Brewery 36 El Chupacabra Greenwood 2 GreenLake Fitness 2 Razzi's Pizzeria 37 Un Bien 3 Seatown CrossFit 3 Gorditos 38 El Camion 4 TITLE Boxing Club 4 The Yard Cafe 39 Snappy Dragon 5 Seattle Yoga Lounge 5 The Wing Dome 40 Flying Squirrel Pizza 6 Puget Sound CrossFit 6 Pete's Eggnest 41 Portage Bay Cafe 7 Power Lab Fitness Seattle GREEN LAKE PARK 7 Valhalla Sandwiches 42 Toronado 8 Fusion Fitness Seattle 8 Top Banana 43 Pecado Bueno Fremont 9 Orangetheory Fitness 9 Starbucks 44 Paseo Fremont GROCERY + SHOPPING 10 Taqueria Tequila 45 Lighthouse Roasters 11 The Cookie Counter 46 Ridge Pizza 1 Fred Meyer 12 74th Street Alehouse 47 Bongos 2 PCC Community Markets 13 Herkimer Coffee 48 Luna Azul 3 Lucky Dog Clothing 14 Beth's Cafe 49 TNT Taqueria 4 Ravenna Plaza 15 Duke's Seafood & Chowder 50 Silver Tray Thai 5 Roosevelt Square 16 Little Red Hen 51 Dick's Drive-In 6 Wallingford Center 17 Lunchbox Lab 52 Chipotle Mexican Gril 7 Goodwill 18 The Angry Beaver 53 Thai Tom 8 Fifth Avenue Plaza 19 Pho Than Brothers 9 Ken's Market 20 The Fat Hen PARKS 10 Ballard Market 21 The Barking Dog Alehouse 1 Greenwood Park 11 Safeway 22 Waterwheel Lounge 2 Woodland Park 12 Phinney Farmers Market 23 Rosita's Mexican Grill 3 Green Lake Park 13 Marketime Foods 85TH STREET PARADE 24 Tutta Bella Neapolitan Pizzeria 4 Meridian Playground 14 Walgreens 25 Musashi's 5 Fremont Peak Park 15 Trader Joe's 26 Tilth Restaurant 6 Sandel Park 16 Blue Sky Bridal 27 Stoup Brewing 7 Licton Springs Park 17 QFC 28 Reuben's Brews 8 Wallingford Playground 18 CVS 29 Peddler Brewing Company 9 B.F. Day Playground 19 Buffalo Exchange 30 Staple & Fancy 10 Maple Leaf Reservoir Park 20 Value Village 31 Wild Mountain Cafe 11 Linden Orchard Park 21 Seattle Cycle Center 32 Four Spoons Cafe 12 Loyal Heights Playfield 22 Urban Outfitters 33 Thai Siam Restaurant 13 Salmon Bay Park 23 Bartell Drugs
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 21 EMPLOYMENT HUBS
GREENWOOD DEVELOPMENT
GREENWOOD KIRKLAND
10 MINUTES UNIVERSITY REDMOND DISTRICT 30 MINUTES 60,000 87,500 FREMONT 8 MINUTES EMPLOYEES EMPLOYEES 20,000 EMPLOYEES QUEEN ANNE 15 MINUTES SLU 60,000 EXPEDIA EMPLOYEES 20 MINUTES 4,500 EMPLOYEES SEATTLE CBD 18 MINUTES 113,400 LAKE BELLEVUE 30 MINUTES WASHINGTON
EMPLOYEES 145,000 LAKE SAMMAMISH PUGET SOUND EMPLOYEES
PIONEER MERCER 30 MINUTES SQUARE ISLAND 70,000 WEST SEATTLE EMPLOYEES
NEWCASTLE
22 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND 5-Mile Trade Area DEMOGRAPHICS
POPULATION 426,314 POPULATION (2017) 1 Mile 3 Miles 5 Miles
Est Population (2017) 33,588 238,770 426,314 AVERAGE HOUSEHOLD INCOME (2017) Proj Population (2022) 36,475 258,867 462,572 $109,514 Census Population (2010) 30,790 209,625 376,180
Proj Annual Growth (2017-2022) 2,888 (1.7%) 20,097 (1.7%) 36,259 (1.7%) OWNER-OCCUPIED HOUSING UNITS (2017) Hist Annual Growth (2010-2017) 2,798 (1.3%) 29,144 (2.0%) 50,133 (1.9%) 93,568
HOUSEHOLDS
5 Miles 1 Mile 3 Miles 5 Miles
Est Avg HH Income (2017) $106,496 $97,944 $109,514
Proj Avg HH Income (2022) $133,373 $122,616 $137,133
Census Avg HH Income (2010) $77,091 $76,766 $86,388 PUGET 3 Miles SOUND Proj Annual Change (2017-2022) $26,878 (5.0%) $24,672 (5.0%) $27,618 (5.0%) NORTHGATE
Est Median HH Income (2017) $93,583 $83,601 $91,676
Proj Median HH Income (2022) $109,897 $97,767 $106,702 1 Mile
EDUCATION
1 Mile 3 Miles 5 Miles GREENWOOD BALLARD DEVELOPMENT Bachelor Degree Only 10,400 (40.2%) 67,199 (39.2%) 118,631 (38.0%)
Graduate Degree 6,161 (23.8%) 44,752 (26.1%) 85,965 (27.6%)
Any College (Some College or Higher) 22,532 (87.1%) 150,116 (87.5%) 272,844 (87.5%)
QUEEN ANNE 7/10 8/10 10/10 CAPITOL ELEMENTARY SCHOOL: MIDDLE SCHOOL: HIGH SCHOOL: HILL GREENWOOD SALMON BAY ROOSEVELT
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 23
04 COMPARABLES
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 25 GREENWOOD
N 85TH ST GREENWOOD DEVELOPMENT MAPLE LEAF
GREEN LAKE DR N
N 80TH ST GREENWOOD AVE N AVE GREENWOOD
GREEN LAKE
WINONA AVE N
PHINNEY RIDGE
GREEN LAKE
26 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND N 65TH ST E PHINNEY AVE
N 85TH ST
GREENWOOD DEVELOPMENT COMPARABLES
AVERAGE RENT COMPARABLES - BITTER LAKE, GREENWOOD, BALLARD, GREEN LAKE, ROOSEVELT
SEDU STUDIO OPEN 1 1 BED 2 BED
Avg Unit Size 252 524 563 637 861
Avg Monthly Rent $1,201 $1,753 $1,833 $2,108 $2,645
Avg Rent / SF $4.82 $3.38 $3.29 $3.31 $3.07
*Built 2013 - 2019
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 27 LAND COMPARABLES
Property Neighborhood Land SF Zoning Units Sale Date Price $/SF $/Unit Entitled Type
01 7012 ROOSEVELT 7012 Roosevelt Way NE Roosevelt 4,800 NC2-40 28 4/11/2019 $1,500,000 $313 $53,571 No SEDU Seattle, WA
02 5620 20TH 5620 20th Avenue NW Ballard 13,400 NC3P-65 - 2/5/2019 $5,900,000 $440 - No - Seattle, WA
03 4200 STONE 4200 Stone Way N Wallingford 13,250 NC2P-40 - 8/20/2018 $4,500,000 $340 - No - Seattle, WA
04 6743 15TH 6743 15th Avenue NW Ballard 4,366 NC2-55 30 8/15/2018 $1,125,000 $258 $37,500 No Seattle, WA
05 119 N 85TH 119 N 85th Street Greenwood 4,167 NC2P-55 24 7/27/2018 $790,000 $190 $32,917 No SEDU Seattle, WA
06 8541 15TH SEDU & Mar- Crown Hill 6,854 NC3P-40 40 6/5/2018 $2,900,000 $423 $72,500 Yes 8541 15th Avenue NW ket Rate Seattle, WA
07 320 N 85TH 320 N 85th Street Greenwood 45,353 NC2P-65 203 5/18/2018 $11,550,000 $255 $56,897 Yes Market Rate Seattle, WA
08 6400 15TH 6400 15th Avenue NW Ballard 10,042 NC3P-40 35 1/30/2018 $2,050,000 $204 $58,571 No Market Rate Seattle, WA
09 8105 GREENWOOD 8105 Greenwood Ave N Greenwood 7,439 NC2P-40 44 11/2/2017 $1,880,000 $253 $42,727 No SEDU Seattle, WA
AVERAGE $297 $50,669
28 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND PUGET SOUND
06 NORTHGATE 07 05 N 85TH ST
15TH AVENW 09 GREENWOOD DEVELOPMENT
GREENWOOD AVEN GREENWOOD
01 04 RAVENNA GREEN LAKE 08 BALLARD
PHINNEY RIDGE 02
Woodland Park UNIVERSITY DISTRICT
03
University of Washington
FREMONT NORTH QUEEN ANNE
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 29 SALE COMPARABLES
01 02 03
FOOTPRINT PHINNEY FOOTPRINT GREENWOOD CREW 8727 Phinney Avenue N, Seattle 143 N 85th Street, Seattle 8228 Green Lake Drive N, Seattle Date Sold 06.28.19 Date Sold 06.28.19 Date Sold 06.12.19 Sale Price $10,550,000 Sale Price $5,300,000 Sale Price $22,250,000 Price / Unit $133,544.00 Price / Unit $135,897.44 Price / Unit $300,676.00 Price / SF $877 Price / SF $593 Price / SF $589 Cap Rate 5.4% Cap Rate 5.6% Cap Rate N/A Avg Unit Size 152 Avg Unit Size 229 Avg Unit Size 510 Units 79 Units 38 / 39 Units 74 Year Built 2015 Year Built 2015 Year Built 2018
04 05 06
REV FREMONT WALLY BALLARD 57 317 NW 41st Street, Seattle 411 Stone Way N, Seattle 1731 NW 57th Street, Seattle Date Sold 05.17.19 Date Sold 01.17.19 Date Sold 08.16.18 Sale Price $15,870,000 Sale Price $9,925,000 Sale Price $11,000,000 Price / Unit $323,878.00 Price / Unit $342,241.00 Price / Unit $229,167.00 Price / SF $529 Price / SF $533 Price / SF $833 Cap Rate N/A Cap Rate 5.0% Cap Rate 4.5% Avg Unit Size 612 Avg Unit Size 690 Avg Unit Size 275 Units 49 Units 27 / 29 Units 48 Year Built 2013 Year Built 2013 Year Built 2016
30 KIDDER MATHEWS OFFERING MEMORANDUM DEVELOPMENT LAND 07 08 01 02 03
GREENWOOD 10 DEVELOPMENT
06 BALLARD 05 04 LOFTS AT THE JUNCTION 4400 ALASKA 4535 44th Avenue SW, Seattle 4400 SW Alaska Street, Seattle MAGNOLIA 09 Date Sold 07.26.18 Date Sold 04.18.18 Sale Price $9,500,000 Sale Price $12,537,500 QUEEN Price / Unit $250,000.00 Price / Unit $329,934.00 ANNE CAPITOL Price / SF $742 Price / SF $607 HILL Cap Rate 4.7% Cap Rate 4.3% Avg Unit Size 337 Avg Unit Size 543 SEATTLE Units 38 Units 38 CBD Year Built 2015 Year Built 2016 PUGET SOUND
09 10
SODO WEST SEATTLE 07 08
HENRY HELENE 22 Etruria Street, Seattle 414 NE Ravenna Boulevard, Seattle Date Sold 02.01.18 Date Sold 01.04.18 SALE COMP AVERAGES Sale Price $42,100,000 Sale Price $17,000,000 Price / Unit $421,000.00 Price / Unit $265,625.00 BUILT 2015 $/UNIT $273,196 Price / SF $651 Price / SF $599 UNITS RES/COM 57 $/SF $655 Cap Rate 5.0% Cap Rate 4.7% Avg Unit Size 646 Avg Unit Size 458 AVG. UNIT SIZE 445 CAP RATE 4.9% Units 100 Units 62 / 64 Year Built 2017 Year Built 2016
DEVELOPMENT LAND OFFERING MEMORANDUM KIDDER MATHEWS 31 EXCLUSIVELY REPRESENTED BY
JASON ROSAUER 206.296.9608 [email protected]
ROB ANDERSON 206.296.9644 [email protected]
DYLAN SIMON 206.414.8575 [email protected]
JERRID ANDERSON 206.499.8191 [email protected]
MATT LAIRD 206.624.7416 [email protected]
KIDDER.COM