for sale 4501 University Way NE , 98105

First Western Properties,Inc. | 425.822.5522 | fwp-inc.com corbet building 11621 97th Lane NE, Kirkland, Washington 98034 executive summary stable tenancy andtheprideofowning atrue Trophy Asset. the to due benefits near-term provide will also but neighborhood, this in occurring transformation and activity current the on based upside term long- with investor an provides opportunity investment generational This store ofthisproperty. justto the north phase), andhashelped the planningto landafuture small-format Target several to led has height in projects or in (either under construction new mixed-use and apartment feet 320 to up buildings allow to property The future trainas welltherecent station upzone ofsurrounding Light Railtrain stationacross thestreet whichwillopenin2021. its close proximity to the campus and the future of 45th & University Way, and benefits from long term stable tenancy and corner the prime on situated owned byandis 1927, since the samefamily Washington.Seattle, Buildingin the Corbet This Trophy Assethasbeen First WesternInc.ispleased to present Properties, the sale offering of Capitalization Rate: Asking Price: Parcel Number: Jurisdiction: Zoning: Total LandArea: Year Built: Total BuildingArea: Address: Type: Opportunity Property: 4.09% $5,300,000.00 881640-1140 City ofSeattle NC3P-65 8,147 SF 1923 16,183 SF 4501 University Way NE Stabilized Retail/OfficeLeasedInvestment Corbet Building

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Suite SF Tenant Suite SF Tenant 10000 826 Capitol Hill Tobacco 20400 2,039 Vacant 10100 2,925 Chase Bank 20900 1,521 U-District Partnership 10200 1,150 Sureshot Cafe 20800 2,447 Vacant 10300 1,356 Hunan Chinese Restaurant 10400 760 Hair Comb neighborhood aerial seattle aerial u-district station overview board attheU-DistrictLightRailStation. By 2030 To Nor To Sea-T To : Expected Travel Times UsingLightRailfrom U-DistrictStation 2021 in service for opens station The station. of the above development University the and of campus business Washington. The site isdesigned to accommodate future north “Ave” the and the sites employment community, residential the serve surrounding will station the streets 43rd NE NE and Ave 45th Brooklyn NE on between Located station. District U the to entrance lobby isthenorth Located fromkitty corner property thesubject thgate Station: ac Airport: ac Airport: approximatelydaypeople per 12,000 are expectedto

5 minutes 41 minutes 8 minutes

4501 university Way NE:

The “Core” is the heart of the University District, and where the new light rail yesstation will be. It is the area best suited to see increased density, and it is where the most significant changes in zoning happen.

The “Ave” is the main pedestrian and shopping area; it’s also the buffer between the U District and UW campus. Back in the 1950’s, there were department stores on the Ave, but the opening of and University Village pulled those stores away. The area has had its ups and downs since then, but through all of that, it has maintained its funky character that attracts a certain brand of shops, cafes, restau- rants — and patrons who love it for what it is.

The University District has been transformed in recent years by the explosion of student population and mixed-use development, creative and unique restaurants that represent the diverse neighborhood, and exciting new retail opportunities including a Target, opening soon directly north of the subject property.

university district Surrounding the University of Washington, the University District is an eclectic mix of urban shopping areas; historic homes Population Average HH Income Daytime Population and architecture; and great cafes, pubs, neighborhood information Regis - 2018 restaurants, and theaters. The “U District” has a youthful and relaxed feel with lots of dining Mile 1 47,556 $73,490 48,271 and shopping deals to take advantage of. The arrival in 2021 of a light rail station at 43rd Mile 3 258,446 $135,102 140,735 and Brooklyn is a center of gravity for “transit- oriented development” in the surrounding area. $125,162 The University District really is a ‘city within a Mile 5 532,821 425,506 city.’ eattle S location information - information location

Seattle, wa is a multi-faceted city located in the Pacific Northwest. An extremely multicultural influenced by the Pacific Rim in art and architecture, the city offers residents a pace of life that can be either relaxed or fast paced & entrepreneurial. Seattle is home to many successful startup businesses such as Microsoft, Starbucks, Eddie Bauer, Nintendo, Amazon.com, and REI. Water is everywhere and the city’s maritime heritage is very noticeable. regional area Information #1 topping thenationalaverage of106.8. Economy, Government, Crime & Corrections. With a score of 117.9 - ing based on Infrastructure, Health Care, Education,Opporuntity, #5 wage growth. (ADP Workforce basedonstrong employmentand VitalityReport) washington state, bythenumbers Washington State’s ranking forcombinedjobandwage growth ahntn tt’ rnig n h Bs Sae oeal Rank- overall States Best the on ranking state’s Washington jobs 2017(Forbes) Innova- Seattle ranking of#8inthe US forcreating the techonolgy most and innovation. Technology on reliance economy’s our Information on based Foundation, tion the by published Index” #2 #4 pool, andinfrastructure created, and City Boston, the talent due toof startups thenumber Washington State’s rank in the latest “State New Economy Seattle’s hub,beating out New York rank as a global startup regional area Information O T place to dobusinesswhere your employees willbehappy to call“home.” a world-class scene, arts professional teams, sports and culinary delights from some of the country’s top chefs, and you’ve got a great controlled businesses employing over 91,000 Washington workers. Combine that with the superb quality of life in the Pacific Northwest, and international-based economy. In fact, foreign investment accounts for 3.7% of the state’s private industry employment with foreign- he ur region’sstrengthincludes » Reliable transportation connectionto» Reliabletransportation therest oftheU.S. » Deep-waterports » Nonstop internationalflights » Strategic locationw/regard to thePacific Rim N orthwest R egion isbuilt onthestrength ofindustries ~ Economic Development Council » Vast experienceininternationaltrade » Vibrant internationalcommunities » Strong businessclimate » Well-educated population

competing inthe knowledge- Kirkland | tacoma | Portland | Seattle

retail focused. results driven.

brennan mcclurg steve erickson stefanie dozal 425.822.5522 425.822.5522 206.686.3179 [email protected] [email protected] [email protected]

First Western Properties, Inc. | 425.822.5522 © First Western Properties, Inc. DISCLAIMER: The above information has been secured from sources believed to be reliable, however, no representations are made to its accuracy. Prospective tenants or buyers should consult their professional advisors 11621 97th Lane NE Kirkland, WA 98034 | fwp-inc.com and conduct their own independent investigation. Properties are subject to change in price and/or availability without notice.