FOR SALE: Approximately 13.86 acres for Overlake Village at Lake Stevens Townhomes Multifamily Residential High Urban Residential Development Site Senior Housing Lake Stevens: 8.5 miles of shoreline Overlake Village Shared Private Lakefront Lot 10500 Oak Road, Lake Stevens, WA 98258 Exclusively Wyk Parker Sharif Batroukh marketed by: +1 206 332 1484 +1 206 332 1491 [email protected] [email protected] Overlake Village 10500 Oak Road 01 Property & Development Overview 02 Market Overview 03 Offering Terms & Procedures Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP 2 01 Property & Development Overview Property Overview & Development Overview Located in the city of Lake Stevens, this site is a uniquely pristine and large tract of land with views overlooking the lake. Arca Architecture’s 01 overall design principle is to preserve as much forested and natural Overview Property & Dev. area as possible to provide a beautiful and sustainable setting for future residents. The site has access to a shared private lakefront lot on the shores of Lake Stevens. SR-9 Centered around the idea of a pedestrian “green street,” this plan attempts to take advantage of its surrounding natural beauty and lush vegetation. Another important feature in Arca’s design is its flexibility to Lake Stevens be built in phases. The property is outstanding access to State Route 92 that connects with 02 State Route 9 and I-5. Site Large development site has views of Lake Stevens and is located close to schools, amenities and the central business district. Downtown Lake 03 Stevens is currently working on a major redevelopment plan to include retail opportunities, more businesses, community and conference centers and road improvements. Lake Stevens has a strong retail trade area with retailers including Target, Safeway, Sports Authority, Staples, Walgreens and Haggen. Lake SR-92 Stevens is a high-income trade area with average household incomes of approximately $95,000 in 1, 3, and 5 mile rings. Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP 4 Overlake Village Proposed Project Data The potential development plan of the property may include the following: » Townhouses 01 » Apartments Overview Property & Dev. » Senior housing » Senior care campus Location Callow/Oak Road Development Approval Pending Planned Unit Development Jurisdiction City of Lake Stevens Amenity Pavilion Green Street & Park District North Shore Off-Site Amenity Shared Private Lakefront Lot Land Area (Square Feet) 603,743 Land Area (Acres) 13.86 Arterial Access Lundeen Prkwy, SR-92, SR-9 02 Comprehensive Plan Designation High Density Residential (HDR) Sewer City of Lake Stevens Zoning High Urban Residential (HUR) Water City of Lake Stevens 03 Proposed Overlay PND Schools City of Lake Stevens Schools within one-mile radius 5 Primary Land Use Residential/Senior Housing Projected Development Cost TBD Secondary Land Use Apartments/Townhomes Sale Price TBD Tertiary Land Use Forest Park Architect Arca Other Lakefront Amenity Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP 5 Overlake Village at Lake Stevens Sample Development Plan One Area shown includes land that is not part of this offering. 01 Overview Property & Dev. 02 03 Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP 6 Overlake Village at Lake Stevens Sample Development Plan Two Area shown includes land that is not part of this offering. ctgc ctglmvhgvyth + ytecrmuo B10 Es�nuvsr C�hryh 01 Uhcvvnh bculmrivsr B9104 206.406.159B UHCN Overview Property & Dev. Oak Road FRPUWNVCPV STRLHFV 02 RaHTNCMH NCMH UVHaHPU NCMH UVHaHPU, bC B9259 KUUWH KPIRTOCVKRP 03 UJHHV VKVNH Callow Road UJHHV PWOEHT SITE PLAN 50' 150' 1 SCALE: 1" = 50' 0" 25' 100' --- Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP 7 Overlake Village at Lake Stevens Sample Development Plan Three Area shown includes land that is not part of this offering. ctgc 01 SITE AREA = 603,743 SF ctglmvhgvyth + ytecrmuo B10 Es�nuvsr C�hryh Uhcvvnh bculmrivsr B9104 TOTAL WETLAND AREA TO BE 206.406.159B MITIGATED = 61,553 SF Overview Property & Dev. UHCN 78 TOWNHOME UNITS Oak Road 100 APARTMENT UNITS FRPUWNVCPV 02 STRLHFV RaHTNCMH NCMH UVHaHPU NCMH UVHaHPU, bC B9259 KUUWH KPIRTOCVKRP 03 87,413 SF 94,216 SF UJHHV VKVNH Callow Road UJHHV PWOEHT SITE PLAN 50' 150' 1 SCALE: 1" = 50' 0" 25' 100' Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP 8 01 Overview Property & Dev. Lake Stevens 02 03 Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. Seattle\Offering Memorandums\10500 Oak Road - WP Comprehensive Land Use J:\GIS\GIS_Projects\20080052_LakeStevens_OnCall\MapDocs\Perteet_CityofLakeStevens_2009LandUse_EsizePortrait.mxdEVERETT - 12/16/2009 @ 10:36:18 AM 4 7 H E 5 6 T AV N E T H 3 P 5 L L T N E H City of Lake Stevens - Comprehensive Plan Land Use S T T 4 0 N 68THD R NE T !"`$ E H S T T N 1 4 2 E T 6 H 7 H 0 A T V E E T 7 N S E H 1 4 T T S 5 City 7 City ofStevens Lake Future Planning Area Urban Growth Area T S T D 6 H R T T S E N V S E T A I P/SP E V E Y Y L L N T T £ ¢ W H N E 2 E D S R U 7 T 1 A S V 71STAVE NE 2 E E N H T 4 N 7 1STAV E S2 E 7 1 STAV E S YS E S 3 1 I D 9 S E E 0 S S T B T E L D T T V n S b H D MDR E E H P e SE o 2 S y N L L h S S 4 T T 2 l S o T S 8 o u T g T S h M E H m E N HS S LC T T O N i E E s T T h R 2 E 6 R S S R U i T E U v U N S S D N S S H LC e 2 Y 2 S r Aö S I 7 D 4 T T E 7 T B H 4 E L S V E E A T2 V H 5 S D D MDR T E 74TH R AV E SE H S N T T E N E 4 ?| 7 4 T 76TH D R N E 75 TH AVE N E H DR S 4 E 6 4 T H T CAVALEROSRD 1 75 T H AVE SE P H 0 L L 4 S ?| C T N A T T T 7 H NUB BYLN E 6 V H T H D R R E N A S MDR N 2 S L T 4 E E T T 2 R 3 S H LAKESTEVENS 8 3 O S S E 2 T T 3 T S E 40T HS T NE N N R R H E D D E D S N S T T S 77TH AVE 3 3 T T T T 1 S 8 Stevens S N N E T S T Lake E E H 7T H DR N E R R 7 S S ?¼ 2 T 78TH AV E SE 0 T 4 N N E E £ 7 9 ¢ T H AV E NE 7 9 TH AV E N E 2 79 T F 79T H AVE SE 3 H O 1 B 0 A E S 5 V R T D E E T H S S S H S E Map Extent L P LC S T T i 3 l A c R h T P/SP u D K ck S S S R E E T T iv E S N er 2 T E 5 T E 81STAV E SE 1 3 8 1 NE H V 81S TAV E SE 81STAVE N E STA V E 4 P 9 2 0 2 8 E T L L VERNONRD ö T 4 ? T 7 N N H 2 H T H T E S N 8 S 2 N H D P A V H P R 82NDAVE SE T D L S E 8 L PL 3 D MDR 2 0 A T N T S H BICKFORDAVE N P N E L V N N E E D N E R E A E E R 8 D 3 N V N 2 D E N A 8 N D N DD R E E E 83RDAV E SE E S S N E E V E 2 E 8 1 8 R 3 DAV E S E 5 83R DAVE