Page 46 - Newmark Northwest 2021 Samples

BUCKLIN

PLACE MEMORANDUM
OFFERING
PROPERTY DETAILS HERE DEMOGRAPHICS
Designer: Shalue Bharj
Designer: Shalue Bharj

POPULATION
2010: 37,216
3-MILE RADIUS
2023: 39,740
PAUL SLEETH HOUSEHOLDS 2010: 14,463 2018: 38,425 2023: 85,082
5-MILE RADIU
2010: 78,406
206.518.9547
5-MILE RADIUS S
2018: 81,658
3-MILE RADIUS
BILLY SLEETH HOUSEHOLD 2023: $101,569 2018: 14,910 2023: 32,332 7-MILE RAD 7-MILE RADIUS
AVERAGE
206.250.3944
2023: 15,417
2018:
2010: 130,011
PATRICK ALLEN
INCOME
2023:
2018: 137,583
5-MILE RADIUS
2010: 29,903
2023: 143,636
206.858.8434
2018: 31,048
3-MILE RADIUS
2018: $89,541
table of
t t
a
ble of
a
ble of
7-MILE RADIU IU
7-MILE RADIUS S S
2010: 50,627
2018: 53,157
53,157
PRO FORMA
00
AREA MAP
nt
o
s
ent
contents 2 PROPERTY DESCRIPTION 00 00 00 00 4 FINANCIAL SUMMAR Y 2023: 55,580 50,627
c
contents
55,580
SITE AERIALS
DETAILED TENANCY SUMMARY
00
TENANT DESCRIPTIONS
00
SITE PLAN WITH TENANCY LIST
SITE DESCRIPTION
AVERAGE
1 1 investment summar y y 3 3 market o ver view 5 EXHIBITS HOUSEHOLD
ver
view
investment summar
market o
SILVERDALE OVERVIEW
OFFERING TERMS 0000 SIL VERDALE OVERVIEW 00 PARCEL MAP 00
OFFERING TERMS
RETAIL AERIAL
HIGHLIGHTS 00 00 RETAIL AERIAL 00 DISCLAIMER 00 INCOME
HIGHLIGHTS
PUGET SOUND OVERVIEW 00
PUGET SOUND OVERVIEW
REGIONAL AERIAL MAP
REGIONAL AERIAL MAP 00 $101,569
DEMOGRAPHICS
DEMOGRAPHICS 00
Brochures & Offering Memorandums
CROWN N E W M A R K K N I G H T F R A N K 2 1
POINTE
Designer: Grant Zhao
Designer: Grant Zhao
B
TA
TA
TA B L E
B
E
E
L
L
TA B L E OF
S
S
S
NT
NT
NT
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CO NT E NT S
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04 04 EXECUTIVE SUMMAR Y Y vacancy, as well as the near term rollover, with
SIGNIFICANT LEASING AND
EXECUTIVE SUMMARY
EXECUTIVE SUMMAR
O F F E R I N G M E M O R A N D U M 12 12 PROPER TY DESCRIPTION overall property. TOP PERFORMING MARKET:
MARKETING
MARKET-TO-MARKET OPPORTUNITY:
84.8% leased with the ability to boost income
both through the immediate lease up of current
PROPER
TY DESCRIPTION
TY DESCRIPTION
PROPERTY DESCRIPTION
PROPER
average in-place rents 10.7% below market and
a weighted average lease term of 3.25 years.
DIVERSIFIED RENT ROLL:
TOP PERFORMING MARKET:
28 28 MARKET OVERVIEW IRREPLACEABLE LOCATION:
Currently leased to a broad group of 34 tenants
with the largest occupying only 8.5% of the
VIEW
VIEW
VIEW
MARKET OVER
MARKET OVER
MARKET OVER
suburban investment opportunities.
suburban investment opportunities.
IRREPLACEABLE LOCATION:
42 42 FINANCIAL SUMMARY Y Y in the Northwest; including, Medina, Clyde Hill and Yarrow Bay/ Hunts Point.
FINANCIAL SUMMAR
FINANCIAL SUMMAR
The 520 Corridor is one of the most dynamic Eastside submarkets with 22.4% rent growth over the past
The 520 Corridor is one of the most dynamic Eastside submarkets with 22.4% rent growth over the past
18 months. Vacancy, including Microsoft, is 2.97% with overall Eastside vacancy at 4.38%. Recent lease
18 months. Vacancy, including Microsoft, is 2.97% with overall Eastside vacancy at 4.38%. Recent lease
or expansion commitments from Facebook (Spring District), Google (Kirkland Urban), Amazon (Bellevue
or expansion commitments from Facebook (Spring District), Google (Kirkland Urban), Amazon (Bellevue
CBD) and Oculus (Willows Road) are driving market rents higher and creating tremendous demand for
CBD) and Oculus (Willows Road) are driving market rents higher and creating tremendous demand for
DAN HARDEN
VIEW
TENANT OVER
48 48 TENANT OVER VIEW Additionally, the property, and its tenancy, benefit from close proximity to the wealthiest neighborhoods
425.362.1393
TENANT OVERVIEW
provides tenants immediate access to SR 520 and is less than 10 minutes from Seattle CBD (via
provides tenants immediate access to SR 520 and is less than 10 minutes from Seattle CBD (via
Crown Pointe is located in one of the most desirable areas within the greater Seattle area. The property
Crown Pointe is located in one of the most desirable areas within the greater Seattle area. The property
dan.harden@ngkf.com 4020
520 Bridge), Bellevue CBD (via Bellevue Way), Kirkland CBD (via Lake Washington Blvd) and the
520 Bridge), Bellevue CBD (via Bellevue Way), Kirkland CBD (via Lake Washington Blvd) and the
4010
in the Northwest; including, Medina, Clyde Hill and Yarrow Bay/ Hunts Point.
Microsoft World Headquarters (via SR 520). The surrounding area is host to a wealth of retail amenities,
Microsoft World Headquarters (via SR 520). The surrounding area is host to a wealth of retail amenities,
JOE LYNCH 4030
dining options, hotels and outdoor recreation; all located blocks from the shores of Lake Washington.
dining options, hotels and outdoor recreation; all located blocks from the shores of Lake Washington.
425.362.1399
Additionally, the property, and its tenancy, benefit from close proximity to the wealthiest neighborhoods
joe.lynch@ngkf.com
ANDY MILLER
425.450.1110
andy.miller@kidder.com 4040 O F F E R I N G M E M O R A N D U M
4040
48 7
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