FOR SALE: $1,535,000 ALKI AVENUE REDEVELOPMENT OPPORTUNITY 2309 53RD AVE SW, SEATTLE, WA 98116 // ALKI BEACH NEIGHBORHOOD

DOWNTOWN SEATTLE BALLARD

MAGNOLIA QUEEN ANNE

SUBJECT PROPERTY

Scott Clements David Butler 1218 Third Avenue www.orioncp.com P// 206.445.7664 P// 206.445.7665 Suite 2200 P// 206.734.4100 [email protected] [email protected] Seattle, WA 98101 Established in 2010 TABLE OF CONTENTS

// INVESTMENT SUMMARY PAGE// 3

// SITE OVERVIEW PAGE// 4

// PORTFOLIO OVERVIEW PAGE// 13

// MARKET OVERVIEW PAGE// 16

// DEMOGRAPHICS PAGE// 17

2 // 2309 53RD AVE SW THE OFFERING

Orion Commercial Partners is excited to offer for sale the Bungalow’s located at 2309 53rd Ave SW, Seattle WA. This rare redevelopment opportunity is located right on Alki Ave SW and has a preliminary site plan for 5 new townhomes ranging from 1,550 Square feet to 1,700 square feet. This site has unobstructed views of Puget Sound, the Olympic Mountains, Elliott Bay, Seattle and most importantly is right across the street from Alki Beach. Zoned LR2 (M), this 6,817 Square Foot lot can also be purchased as part of a 6 property portfolio of neighboring properties (details in Portfolio section). Priced at just over $225/square foot this opportunity will not last long! INVESTMENT 2309 53RD AVE SW, Address SEATTLE, WA 98116

SUMMARY Offering Price $1,535,000

Proposed # of 5 Townhome Units

Price/Unit $307,000

SF Range of New 1,500 SF - 1,700 SF Townhome Units

Price/SF Building $381.00

Total Land Area 6,817 SF

Price Per Square $225.17 Foot Land

Zoning LR2 (M)

Year Built 1951

Portfolio Price 21,081,000

3 // 2309 53RD AVE SW SITE 53RD AVE SW OVERVIEW

2309 53RD AVE SW ALKI AVE SW // 10,170 VPD

LR2 (M) ZONING Areas characterized by multifamily housing types in existing small-scale multifamily housing types, which are similar in character to single family zones. Most appropriate outside of Growth Areas.

STRATEGIC LOCATION This location is in one of Seattle’s most desired neighborhoods due to its incredible views, sandy beaches and quaint commercial core just to the west. There also convenient access to public Transit all along Alki Avenue SW.

STRONG DEMOGRAPHICS Alki is one of King County’s most diverse neighborhoods with a population just below 27,000. The median age is 45 years old. There are over 7,000 people living within a 1-mile radius of the subject property and over 25,000,000 people within a 3-mile radius. The 2020 average household income, over a 1-mile radius, is roughly $130,000.

4 // 2309 53RD AVE SW SITE OVERVIEW PROPERTY PHOTOS

5 // 2309 53RD AVE SW SITE OVERVIEW ALKI BEACH AMENITIES MAP

AMPERSAND CAFE ALKI ART STUDIO W. SEATTLE COASTAL BREWING CO

-PEPPERDOCK HAMBURGER -EL CHUPACABRA CHRISTO’S -HOMEFRONT ICE CREAM -ALKI SURF SHOP 5 MINUTE WALK

BLUE MOON BURGER SPUD FISH & CHIPS

STATUE OF WHEEL FUN LIBERTY PLAZA DUKE’S CHOWDER RENTALS 1 MINUTE WALK HOUSE

SUBJECT PROPERTY

6 // 2309 53RD AVE SW SITE OVERVIEW TOWNHOME SITE PLAN (2309 53RD AVE SW)

7 // 2309 53RD AVE SW SITE OVERVIEW AREA AERIAL

ALKI THE Alki Cafe JUNCTION Alki Kayak Tours Azuma Sushi D Bakery Nouveau A Alki Point Lighthouse The Beer Junction Harbor Ave SW ELLIOTT BAY Alki Spud Chipotle Fish & Chips 1 ALKI BEACH Easy Street Records Ampersand Cafe Seacrest Park Elliott Bay Brewery Blue Moon Burgers Great Harvest Bread Alki Ave SW B Cactus Restaurant Husky’s Ice Cream 4 Christo’s Ma’ono Duke’s Chowder SUBJECT House Mashiko Sushi Bar PROPERTY ADMIRAL The Matador Jack Block El Chupacabra 2 Restaurant & Bar THE JUNCTION DISTRICT Park La Rustica 99 Pagliacci Pizza Alki Beach Park Marination Ma Kai SW Admiral Way QFC Pegasus Pizza B C HARBOR Safeway California Ave SW ISLAND Pepperdock 5 INDUSTRIAL Restaurant Shadowland Eatery 1 DISTRICT Salty’s on Alki E Starbucks A WEST Schmitz Seacrest Ferry Dock Talarico’s Pizzaria & Lounge Park Sunfish F Trader Joe's Top Pot Doughnuts West Five Lounge Wheel Fun Rentals & Restaurant G ALKI West Seattle Brewing West Seattle Bowl H Co.

W.S.4th Ave S Family YMCAAirport Way 2 I 1st Ave S ADMIRAL J DELRIDGE 3 DISTRICT G Chelan Cafe Me-Kwa-Mooks C Admiral Theater THE Delridge Park JUNCTION Admiral Bird Community Center SW Avalon Way Admiral Pub Delridge Deli Mart DUWAMISH WATERWAY

West Marginal Way Bartell Drugs Home Depot Circa Restaurant H Ounces Taproom F Puget Park SW Alaska St Jack in the99 Box Skylark Cafe & Club Luna Park Cafe Subway D E 35th Ave SW Delridge Way Fauntleroy Way West Seattle McDonald’s Sound Physical Golf Course Metropolitan Market Therapy 3 DELRIDGE Mioposto Pizzaria Uptown Espresso Mission Cantina Walgreens 5 Mudbay The Westy Prost! I West Seattle Camp Long Health Club DELRIDGE Safeway/Gas Westwood Village Shopping Center J Youngstown Flats

8 // 2309 53RD AVE SW ZONING INFORMATION LR2 DESCRIPTION LR2 (LOWRISE 2) ZONING Areas characterized by multifamily housing types in existing small-scale multifamily housing types, which are similar in character to single family zones. Most appropriate outside of Growth Areas.

LR2 ZONES IN SEATTLE

HOUSING TYPES Development standards apply according to the following housing types: rowhouses, townhouses or apartments.

Housing Types: Cottage Housing Rowhouse Townhouse Apartments Development standards ap- ply according to the following housing types: cottage hous- ing, rowhouses, townhouses or apartments. See SMC 23.84.032 for complete housing type definitions.

Urban Village Boundary Individual cottage house structures are arranged around a Rowhouses are attached side by side along common walls. Townhouses are attached along common walls. Townhouses Multifamily housing that is not cottage housing, rowhouses, or town- common open space. 950 SF is the maximum size allowed for ROWHOUSEEach rowhouse directly faces the street with no other principal occupyTOWNHOUSES the space from the ground to the roof. Units can not housesAPARTMENTS is considered apartments. Apartment units may be stacked. each cottage. housing units behind the rowhouses. Rowhouses occupy the be stacked. Principal townhouse units may be located behind Existing Lowrise 2 space from the ground to the roof. Units can not be stacked.* other townhouses units as seen from the street.* LR1 - Lowrise 1 Rowhouses are attached side by Townhouses are attached Multifamily housing that is not side along common walls. Each along common walls. cottage housing, rowhouses, The LR1 zone provides a transition Floor Area Ratio (FAR)** 1.1 1.0 or 1.2 0.9 or 1.1 1.0 between single family zoned areas rowhouse directly faces the Townhouses occupy the space or townhouses is considered Density Limit** and more intense multifamily and 1 unit / 1,600 SF lot area street1 unit / 1,600 with SF lot areano on other lots less than principal 3,000 SF 1 unit / 2,200from SF or 1the unit / 1,600 ground SF lot area to the roof. 1 unit / 2,000apartments. SF lot area (duplexes andApartment triplexes only) units may commercial areas. LR1 is most housingAll others: No unitsLimit behind the Units can not be stacked. be stacked. appropriate for areas outside of Building Height 18' + 7' for a roof with minimum 6:12 pitch rowhouses.30' + 5' for roof with minimumRowhouses 6:12 pitch occupy Principal30' + 5' for roof with townhouse minimum 6:12 pitch units 30' + 5' for roof with minimum 6:12 pitch Growth Areas***. A mix of hous- the space from the ground may be located behind other ing types similar in scale to single Building Setbacks Front: 7' Average, 5' minimum toFront: the 5' minimumroof. Units can not be townhousesFront: 7' Average, 5' minimum units as seen from Front: 5' minimum family homes such as cottages, Rear: 0' with Alley, 7' no Alley stacked.**Rear: 0' with Alley, 7' average, 5' minimum theRear: 7'street.** Average, 5' minimum Rear: 10' minimum with Alley, 15' minimum no Alley rowhouses and townnhouses are Side: 5' minimum Side: * Side: 5' if building is 40' or less in length, or 7' Average 5' min. Side: 5' if building is 40' or less in length, or 7' Average 5' min. encouraged. Building Width Limit 60' 60' 60' 45' Max. Facade Length Applies to all: 65% of lot depth for portions within 15' of a side lot line that is not a street or alley lot line, and 40' for a rowhouse unit located within 15' of a a lot line that abuts a lot in a single family zone.

SDR Optional Optional Required for 3 or more units Optional * 0' where abutting another rowhouse, otherwise 3.5', except LR2 - Lowrise 2 when abutting a single-family zone, the setback is 5'

The LR2 zone provides for a vari- Floor Area Ratio (FAR)** 1.1 1.1 or 1.3 1.0 or 1.2 1.1 or 1.3 ety of multifamily housing types in ** Accessory Dwelling Units (ADUs) are allowed and don't count against the density limit that applies existing multifamily neighborhoods Density Limit** 1 unit / 1,600 SF lot area toNo these Limit housing types. 1 unit / 1,600 SF lot area or No Limit 1 unit / 1,200 SF or No Limit and along arterial streets. LR2 is Building Height 18' + 7' for a roof with minimum 6:12 pitch 30' + 5' for roof with minimum 6:12 pitch 30' + 5' for roof with minimum 6:12 pitch 30' + 5' for roof with minimum 6:12 pitch or most appropriate for areas within 30' + 4' for partially below grade floor Growth Areas***. A mix of small Building Setbacks Same as LR1 Same as LR1 Same as LR1 Same as LR1 scale to multifamily housing such as townhouses, rowhouses and Building Width Limit Not applilcable No Limit 90' 90' apartments are encouraged. Max. Facade Length Applies to all: 65% of lot length for portions of facades within 15' of a lot line that is not a rear, street or alley lot line, and 40' for a rowhouse unit located within 15' of a lot line that abuts a lot in a single family zone. SDR Optional Optional Required for 3 or more units Optional

LR3 - Lowrise 3 Growth Areas*** Outside Growth Areas*** Growth Areas*** Outside Growth Areas*** The LR3 zone provides for a vari- Floor Area Ratio (FAR)** 1.1 1.2 or 1.4 1.2 or 1.4 1.1 or 1.3 1.5 or 2.0 1.3 or 1.5 (1.6 on a street with frequent transit) ety of multifamily housing types in *Growth areas include urban centers, urban villages, and stationBuilding area Height overlay 18'districts. + 7' for a roof with minimum 6:12 pitch Rowhouses and Townhouses: 30' +5' for roof with min. 6:12 pitch and +4' for partially below grade floor; or +10' for roof with min. 40' 30' existing multifamily neighborhoods of moderate scale. LR3 accommo- 6:12 pitch (no height added for below-grade floor). +5' for roof with min. 6:12 pitch; or +4' for partially below-grade Note: In some cases development is limited to 3 or 4 stories above grade in addition to the height limit (also applies to apartments). floor; 30' limit if within 50' of a single family zone. dates residential growth primarily within Growth Areas***. A mix of Density Limit** 1 unit / 1,600 SF lot area No Limit 1 unit / 1,600 SF lor area or No Limit 1 unit / 800 SF lot area or No Limit small to moderate scale multifam- Building Setbacks Same as LR1 Same as LR1 Same as LR1 Same as LR1 ily housing is encouraged includ- ing apartments, townhouses and Building Width Limit No Limit No Limit 120' Outside growth areas, 150' Inside growth areas 120' Outside growth areas, 150' Inside growth areas rownhouses. Max. Facade Length Applies to all: 65% of lot depth for portions within 15' of a side lot line that is not a street or alley lot line, and 40' for a rowhouse unit located within 15' of a a lot line that abuts a lot in a single family zone. 9 // 2309 53RD AVE SW SDR Optional Optional Required for 3 or more units Optional * Accessory Dwelling Units (ADUs) are allowed and don't count against the density limit that applies to these housing types. ** The higher FAR and density limits apply if the project meets additional standards regarding parking location and access, alley paving, and green building performance (SMC 23.45.510.C). *** Growth Areas include urban centers, urban villages, and station area overlay districts. ZONING INFORMATION APARTMENTS | SMALL SITE // MAXIMUM DEVELOPMENT POTENTIAL

EXISTING LR2

Maximum FAR 1.3 Lot Size: 10,000 sf

Height Limit 30 feet Total Allowed GSF: 13,000 sf Setbacks Efficiency Factor: Front 5' min 0.8 Total NSF 10' with alley Rear 10,400 sq. ft. 15' without alley Total Units: < 40' bldg: 5' 16 Sides > 40' bldg: 7' avg, 5' min. Average Net Unit Size: 650 sf 1 per unit; No Parking minimum in urban Parking Space PROTOTYPE: APARTMENT // SMALL SITE LR2 PROTOTYPE – EXISTING villages Provided: 8

PROTOTYPE DESCRIPTION PROPOSED MHA LR2 • An apartment or condominium housing product. Lot Size: • A typically platted lot, for a total lot size of 10,000 Maximum FAR 1.5 10,000 sf square feet. Height Limit 40' • Parking is provided for some of the units in a surface Total Allowed GSF: parking areas accessed from the alley. 15,000 sf Setbacks • Considers adjacency to smaller existing single family Efficiency Factor: scaled structures and townhouses. Front 5' min 0.8 AFFORDABLE HOMES Total NSF Upper 12' above 40' PERFORMANCE OPTION* 12,000 sq. ft. High MHA area (7%) 1.4 = 2 units 10' with alley Rear Total Units: Medium MHA area (6%) 1.2 = 2 units 15' without alley 20 Low MHA area (5%) 1.0 = 1 unit < 40' bldg: 5' PAYMENT OPTION Sides > 40' bldg: 7' Average Net Unit Size: High MHA area ($20.75/sq. ft.) $311,000 avg, 5' min. 600 sf Med MHA area ($13.25/sq. ft.) $199,000 1 per unit; No Parking Space Low MHA area ($7/sq. ft.) $105,000 * If rounding down to provide affordable performance unit, developer must Parking minimum in urban Provided: pay for the fraction they are rounding off as payment housing. LR2 PROTOTYPE – PROPOSED villages 8

10 // 2309 53RD AVE SW ZONING INFORMATION APARTMENTS LARGE SITE // MAXIMUM DEVELOPMENT POTENTIAL

EXISTING LR2 Lot Size: Maximum FAR 1.3 15,000 sf

Height Limit 30 feet Total Allowed GSF: 19,500 sf Setbacks Efficiency Factor: 0.8 Front 5' min Total NSF 10' with alley 15,600 sq. ft. Rear 15' without alley Total Units: 24 < 40' bldg: 5' Sides > 40' bldg: 7' Average Net Unit Size: avg, 5' min. 650 sf 1 per unit; No Parking Space Parking minimum in urban Provided: PROTOTYPE: APARTMENT // LARGE SITE LR2 PROTOTYPE – EXISTING villages 16

PROTOTYPE DESCRIPTION PROPOSED MHA LR2 • An apartment or condominium housing product. Lot Size: Maximum FAR 1.5 • Three combined typically platted lots, for a total lot 15,000 sf size of 15,000 square feet. Height Limit 40' Total Allowed GSF: • Parking is provided for some of the units in a surface parking areas accessed from the alley. 22,500 sf Setbacks • Considers adjacency to smaller existing single family Efficiency Factor: scaled structures and townhouses. Front 5' min 0.8 AFFORDABLE HOMES Total NSF Upper 12' above 40' PERFORMANCE OPTION* 18,000 sq. ft. High MHA area (7%) 1.82 = 2 units 10' with alley Rear Medium MHA area (6%) 1.56 = 2 units 15' without alley Total Units: 26 Low MHA area (5%) 1.30 = 2 units < 40' bldg: 5' PAYMENT OPTION Sides > 40' bldg: 7' Average Net Unit Size: High MHA area ($20.75/sq. ft.) $467,000 avg, 5' min. 692 sf Med MHA area ($13.25/sq. ft.) $298,000 1 per unit; No Low MHA area ($7/sq. ft.) $158,000 Parking Space Parking minimum in urban Provided: * If rounding down to provide affordable performance unit, developer must LR2 PROTOTYPE – PROPOSED villages pay for the fraction they are rounding off as payment housing. 16

11 // 2309 53RD AVE SW ZONING INFORMATION TOWNHOUSES // MAXIMUM DEVELOPMENT POTENTIAL

EXISTING LR2 Lot Size: Maximum FAR 1.2 10,000 sf

Height Limit 30 feet Total Allowed GSF: 12,000 sf Setbacks Efficiency Factor: 1 Front 5' min Total NSF 7’ average 12,000 sq. ft. Rear 5’ min Total Units: 8 < 40' bldg: 5' Sides > 40' bldg: 7' Average Net Unit Size: avg, 5' min. 1,500 sf 1 per unit; No Parking Space Parking minimum in urban Provided: PROTOTYPE: TOWNHOUSES LR2 PROTOTYPE – EXISTING villages 6

PROPOSED MHA LR2 Lot Size: Maximum FAR 1.4 10,000 sf

AFFORDABLE HOMES Height Limit 40' Total Allowed GSF: PERFORMANCE OPTION* 14,000 sf High MHA area (7%) .56 = 1 unit Setbacks Efficiency Factor: Medium MHA area (6%) .48 = 1 unit Front 5' min 1 Low MHA area (5%) .40 = 1 unit PAYMENT OPTION Total NSF Upper 12' above 30' High MHA area ($20.75/sq. ft.) $291,000 14,000 sq. ft. Med MHA area ($13.25/sq. ft.) $186,000 7’ average Rear Low MHA area ($7/sq. ft.) $98,000 5’ min Total Units: 8 * If rounding down to provide affordable performance unit, developer must < 40' bldg: 5' pay for the fraction they are rounding off as payment housing. Sides > 40' bldg: 7' Average Net Unit Size: avg, 5' min. 1,750 sf

1 per unit; No Parking Space Parking minimum in urban Provided: LR2 PROTOTYPE – PROPOSED villages 6

12 // 2309 53RD AVE SW PORTFOLIO OVERVIEW

1313 //// 23092309 53RD53RD AVEAVE SWSW PORTFOLIO OVERVIEW CAN BE SOLD AS A PORTFOLIO OR INDIVIDUALLY

2312 2324 BONAIR BONAIR PL SW PL SW 2302 BONAIR PL SW

BONAIR PL SW

2416- 2024 53RD AVE SW 54TH PL SW

2309 53RD AVE ALKI AVE SW // 10,170 VPD 54RD AVE SW SW

SUBJECT PROPERTY

14 // 2309 53RD AVE SW PORTFOLIO OVERVIEW PORTFOLIO FOR SALE

2 5 3 2 3 4

4 1 5 1

6 6

1 2309 53RD AVE SW 2 2302 BONAIR PL SW 3 2312 BONAIR PL SW 4 2324 BONAIR PL SW 5 2416 54TH PL SW 6 2330 ALKI AVE SW

Asking Price $1,535,000 Asking Price $1,440,000 Asking Price $1,320,000 Asking Price $5,365,000 Asking Price $7,156,000 Asking Price $4,265,000

Pro Forma Pro Forma Pro Forma Pro Forma Pro Forma Pro Forma N/A 4.75% 3.97% 4.5% 5.0% N/A Cap Rate Cap Rate Cap Rate Cap Rate Cap Rate Cap Rate

Price/Unit Redevelopment Price/Unit $480,000 Price/Unit $660,000 Price/Unit $243,864.64 Price/Unit $242,732 Price/Unit Redevelopment

Price Per SF Price Per SF Price Per SF Price Per SF Price Per SF Price Per SF $380.89 $510.64 $622.64 $388.21 $91,013 $382.51 Building Building Building Building Building Building

Price Per SF Price Per SF Price Per SF Price Per SF Price Per SF Price Per SF $225.17 $308.62 $372.67 $428.92 $694,643 $224.86 Land: Land: Land: Land: Land: Land:

Lot Size 6,817 SF Lot Size 4,666 SF Lot Size 3,542 SF Lot Size 12,508 SF Lot Size 23,637 SF Lot Size 18,967 SF

Building Area 4,030 SF Building Area 2,820 SF Building Area 2,120 SF Building Area 13,820 SF Building Area 20,184 SF Building Area 11,150 SF

Number of Number of Number of Number of Number of Number of 2 3 2 22 27 8 (2 Buildings) Units Units Units Units Units Units

Zoning LR2 (M1) Zoning LR2 (M1) Zoning LR2 (M1) Zoning LR2 (M1) Zoning LR2 (M1) Zoning LR2 (M1)

1961 1954 1953 Year Built 1951 Year Built 1927 Year Built 1965 Year Built Renovated Year Built Renovated Year Built Renovated 1991 1990 1993

15 // 2309 53RD AVE SW ABOUT ALKI

INVESTMENTMARKET SUMMARYOVERVIEW

Alki, Washington is a coastal point that extends into Puget Sound, the westernmost landform in the West Seattle district of Seattle, WA. With an estimated 26,448 residents as of 2019, the Alki neighborhood extends along the shore from the point, both Southeast and Northeast. Ranked one of the best places to live in Washington, Alki Beach is famed for its 2.5 mile biking, running, and walking trail, which provides a picturesque view of nearby Blake Island. Living in Alki offers residents an urban suburban mix feel and most residents own their homes. Many families and retirees live in Alki and residents tend to be liberal and the public schools in the area are highly rated.

Alki Beach was the original landing point for settlers who went on to establish the city of Seattle, so there are several interesting spots along the beach for history and culture enthusiasts. Alki Point Lighthouse is a fully functioning Coast Guard lighthouse that offers free tours to the public on weekend afternoons during the summer. During nice weather, it’s also common to see Seattleites sunbathing in beach chairs and on towels while others catch rays from kayaks and stand-up paddleboards available for rent. There are also several beach volleyball nets set up for public use, and grills and fire pits are available on a first-come, first-served basis.

Alki Beach is the principal tourist attraction at Alki Point. Offering stunning views of the Olympic Mountains and downtown Seattle from all points, Alki beach is incredible in the spring and summer months & features sand, saltwater, volleyball courts, stellar skyline views, bungalows, and unique local restaurants. These include restaurants like the popular Cactus, a Mexican restaurant with cocktails and a view of the beach; Duke’s Seafood & Chowder, a local chain with several varieties of delicious chowder; Blue Moon Burgers, which serves burgers in a converted auto garage; Spud Fish & Chips, which has a walk-up counter; and El Chupacabra, another Mexican joint that’s more bar-style than Cactus and that’s known for its beachfront patio. In short, you’ll find no shortage of places to dine near Alki Beach whether you want to enjoy a quick bite or some fine cuisine paired with a water view.

16 // 2309 53RD AVE SW DEMOGRAPHICS 1, 3 & 5 MILE RADIUS

RADIUS 1 MILE 3 MILE 5 MILE RADIUS 1 MILE 3 MILE 5 MILE POPULATION: HOUSEHOLDS:

2025 Projection 15,679 60,244 341,187 2025 Projection 7,364 27,220 170,364

2020 Estimate 14,808 56,124 313,838 2020 Estimate 7,005 25,513 157,152

2010 Census 13,464 46,157 232,242 2010 Census 6,697 22,002 119,352

Growth 2020-2025 5.88% 7.34% 8.71% Growth 2020 - 2025 5.12% 6.69% 8.41%

Growth 2010-2020 9.98% 21.59% 35.13% Growth 2010 - 2020 4.60% 15.96% 31.67%

2020 Population Hispanic Origin 716 3,740 25,455 Owner Occupied 4,022 14,058 57,678

2020 POPULATION BY RACE: Renter Occupied 2,983 11,455 99,474

White 12,601 42,844 212,564 2020 AVG HOUSEHOLD INCOME $144,944 $129,774 $122,757

Black 353 4,038 27,850 2020 MED HOUSEHOLD INCOME $122,221 $105,208 $94,889

Am. Indian & Alaskan 112 545 3,723 2020 HOUSEHOLDS BY HOUSEHOLD INC:

Asian 1,029 5,418 51,920 <$25,000 585 2,565 21,597

Hawaiian & Pacific Island 12 311 1,548 $25,000 - $50,000 884 3,344 20,969

Other 699 2,968 16,232 $50,000 - $75,000 776 3,558 21,304

$75,000 - $100,000 649 2,700 18,484

$100,000 - $125,000 684 2,825 16,395

$125,000 - $150,000 656 2,103 12,708

$150,000 - $200,000 1,176 3,927 18,396

$200,000+ 1,594 4,489 27,299

17 // 2309 53RD AVE SW DEMOGRAPHICS 1, 3 & 5 MILE RADIUS RINGS

1 MILE

3 MILES

5 MILES

18 // 2309 53RD AVE SW ORION Commercial Partners maximizes real estate value through comprehensive project acquisition/disposition, property/ asset management, and leasing services. We are a progressive real estate services and investment firm constantly seeking a perfect alignment of interests between us as the service provider and our clients. ORION delivers a UNIFIED TEAM APPROACH to fulfill our client’s objectives. Creativity, accountability and focused attention are the hallmarks of our business.

Scott Clements David Butler 1218 Third Avenue www.orioncp.com P// 206.445.7664 P// 206.445.7665 Suite 2200 P// 206.734.4100 [email protected] [email protected] Seattle, WA 98101 Established in 2010