Page 47 - Newmark Northwest 2021 Samples

TREASURE VALLEY
TREA SURE V ALLEY

CROSSING

Designer: Shalue Bharj
Designer: Shalue Bharj
T ABLE OF C ONTENT S
01 INVESTMENT SUMMAR Y Y Y
INVESTMENT SUMMAR
INVESTMENT SUMMAR
00
Offering Terms 00
00
Highlights 00
02 PROPERTY DESCRIPTION
PROPERTY DESCRIPTION
PROPERTY DESCRIPTION
Area Map 00
00
Site Aerials 00
00
Site Plan with Tenancy List
Site Plan with Tenancy List 00
00
00
Site Description 00
03 MARKET OVERVIEW N A M P A , I D A H O
MARKET OVERVIEW
MARKET OVERVIEW
O F F E R I N G Nampa & Boise Area Overview 00
Nampa & Boise Area Overview
Nampa & Boise
Area Overview
00
T E R M S
00
00
Retail Aerial
Year 1 NOI: $1,166,465 Development Aerial 00 O F F E R I N G M E M O R A N D U M
$1,166,465
00
Development Aerial
Regional Aerial
00
00
Regional Aerial
Cap Rate: 8%
Cap Rate: 8%
00
Price: $14,580,000
$14,580,000
00
Demographics
Demographics
10-Year Unlevered IRR: 8.67% 04 FINANCIAL SUMMAR Y Y Y 00 Brochures & Offering Memorandums
Price/SF: $109
10-Year Unlevered IRR:
Price/SF:
FINANCIAL SUMMAR
FINANCIAL SUMMAR
10-Year Levered IRR: 14.57%
10-Year Levered IRR:
Financing: Free & Clear
Pro Forma
Pro Forma
00
ear Cash Flow
00
00
0-Y
10-Year Cash Flow
1
10-Year Cash Flow
Occupancy: 100%
Building Area: 133,292 SF
Financial Summary & Notes
Financial Summary & Notes
Financial Summary & Notes
Financing:
00
00
Detailed Tenancy Summary
Detailed
Detailed Tenancy Summary
00
00
T
enancy Summary
Land Area: 10 Acres
Building Area:
enant Descriptions
00
Tenant Descriptions
Tenant Descriptions
T
05
05
EXHIBITS
EXHIBITS
EXHIBITS
P
arcel Map
Parcel Map

Parcel Map 0 00 00 0 0
00
Disclaimer
00
Disclaimer
00
Disclaimer 00
N A M P A , I D A H O | 4 NAMP A, ID AHO | | | 2
AHO
NAMP
NAMP
NAMP A, ID AHO | 2 2
AHO
A, ID
A, ID
WESTLAKE
CENTER
CENTER
HIGHLIGHTS Westlake Center presents investors with the rare In the Heart of one of the
Top Investment Markets in the World
opportunity to own institutional quality real estate
in the heart of Seattle’s CBD. • Perfectly located at the junction of the Seattle’s
Financial District, Pike Place Market, South Lake
Designer: Shalue Bharj
Union, and Amazon’s HQ Designer: Shalue Bharj
• +14M SF owned or leased by Amazon w/45,000
employees within 1 Mile Radius
+2M SF of new o ce space under construction
• +2M SF of new o ce space under construction
within 2 miles
• Excellent Tenant Lineup w/Term MARKETING
<x% retail vacancy within 1 mile (kev)
<x% retail vacancy within 1 mile (k
Excellent Tenant Lineup w/Term
Seattle multifamily inventory increased 11.2% from 2016-2018. Developers
Seattle multifamily inventory increased 11.2% from 2016-2018. Developers • • of the income stream. MEMORANDUM
•
Credit/nationally recognized tenants make up xX%
Credit/nationally recognized tenants mak
are planning their biggest year yet for 2019, on track to open 13,000 new
of the income stream.
OFFERING
There are over 15 major o‚ce projects currently under construction or
Westlake Center is anchored by Nordstrom Rack,
estlake Center is anchored by Nordstrom Rack,
redevelopment in Seattle, which will add nearly 6.5 million square feet of
providing strong credit, draw, and long term
providing strong credit, draw, and long term
Seattle GDP per capita of $86,889 ranks them as #4 economy in the U.S.
stability to the investment.
stability to the investment.
The average lease term remaining at W
The average lease term remaining at Westlake
Center is xxx, providing additional investment
Center is xxx, providing additional investment
stability for investors (waiting on proforma from
stability for investors (waiting on proforma from
kev).
• • apartment units in the Seattle metropolitan area. R Retail, Transportation, Tourist Hub S E AT T L E , W A S H I N G T O N
#9 richest city in America (USA Today)
ourist Hub
Seattle has 59 construction cranes in the city, which is the most out of any city in
SEATTLE OVERVIEW • inventory • • • Westlake Center is the Transportation Hub for ransportation Hub for 206.518.9547
etail, T
ransportation, T
W
e Center is the T
estlak
Seattle’s CBD, with over 11 Million commuters and
$700M renovation of key arena which will bring NHL hockey to Seattle in 2020.
tourists passing through every year via Light Rail,
tourists passing through every year via Light Rail,
Facebook, Google, Amazon, Apple, Expedia and Microsoft all in process of
•
Seattle’s CBD, with over 11 Million commuters and Paul Sleeth
Monorail, Metro Bus, and Streetcar.
$1.7B Washington State Convention Center expansion.
Westlake Center will become the key Link Light
Westlake Center will become the key Link Light
$53.8 billion extension of light rail to Everett, Tacoma and Eastside. Project will
xtension of light rail to Everett, Tacoma and Eastside. Project will
Rail transfer station, with upcoming light rail lines
Rail transfer station, with upcoming light rail lines
add 37 new stations opening between 2024 and 2040 and is projected to carry
add 37 new stations opening between 2024 and 2040 and is projected to carry
Monorail, Metro Bus, and Streetcar. paul.sleeth@ngkf.com
and Ballard, to open by 2036.
$688M redevelopment of the Seattle waterfront
the country.
$25M upgrade to the existing Seattle Monorail is
Billy Sleeth
underway - will increase rider capacity to + 6,000
• Development Boom $4.25B State Route 99 / Alaskan Way viaduct redevelopment project. • • serving South Lake Union, Lower Queen Anne,
206.518.9567
• massive o‚ce expansions. rider per hour in both directions and will deliver
• passengers directly from Westlake Center to the
billy.sleeth@ngkf.com
• new, $600M NHL/Key Arena remodel, set to open
Patrick Allen
• in 2020. 206.858.8494
• 600,000 daily passengers. • Street Car Connector plans to connect two
NEWMARK KNIGHT FRANK | 16 block from Westlake Center. The street car will
• existing street car lines, with a new stop one
existing street car lines, with a new stop one
block from Westlake Center. The street car will
patrick.allen@ngkf.com
bring an estimated 7M additional passengers
bring an estimated 7M additional passengers
directly past Westlake Center every year.
directly past Westlake Center every year.
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