1721 8TH AVENUE NORTH SEATTLE, WA 98109

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1 1721 8TH AVENUE NORTH SEATTLE, WA EXISTING 8,888 SF OFFICE BUILDING OWNER USER OR MULTIFAMILY DEVELOPMENT OPPORTUNITY DYNAMIC SOUTH LAKE UNION LOCATION NO PROPERTY TOURS CALL BROKER FOR TIMING DO NOT DISTURB TENANT

2 1721 8TH AVENUE NORTH SEATTLE, WA THE OF F E R I N G The th Avenue North building offers a unique opportunity in Seattle for an owner occupant or an investor. CBRE, as exclusive advisor, is pleased to present the th Avenue North Building. The building is a two story, ±8,888 square foot office property in the thriving South Lake Union neighborhood. The asset is situated at the very end of 8th Avenue North, which sits between Dexter Avenue North and Westlake Avenue North. The building is perched above Westlake Avenue North allowing for tremendous water views from both floors of the building. The asset is priced at $5,300,000. PROPERTY SUMMARY NET RENTABLE AREA ±8,888 SF YEAR BUILT/RENOVATED 1977/2000 FLOORS PARKING LAND AREA ZONING PRICE stalls on site ±20,230 SF L3, City of Seattle $5,300,000

3 INVESTMENT HIGHLIGHTS STELLAR OPPORTUNITY FOR OWNER USER OR NEW MULTIFAMILY DEVELOPMENT The th Avenue North building is a unique opportunity for an owner occupant, or for new residential development in the thriving multi-family sector. EXECUTIVE SUMMARY DYNAMIC SOUTH LAKE UNION LOCATION The Property benefits from its desirable location in the Lake Union submarket - the epicenter of Seattle s technology, life sciences, and research industries and home to major employers Adobe Systems, Facebook, Gates Foundation (HQ), Google, Microsoft, PATH (HQ), Tableau Software (HQ), and Tommy Bahama (HQ). Since 2010, the Puget Sound Region has experienced over 12 million square feet of office absorption, with the majority of this leasing activity occurring in the Lake Union submarket, further supporting the primacy of the Property s location. DRAMATIC VIEWS The two floors of office offer dramatic views of Lake Union and its picturesque surroundings to the North, East and South. PRIVATE + GATED LOCATION IN STRONG SUBMARKET th Avenue North offers a very private and gated location on 8th Avenue North. Located on the north side of South Lake Union submarket with easy access to downtown and north to Fremont and Ballard, the property is extremely well located with excellent proximity to all major elements of Seattle. The central location also offers quick access to Queen Anne, and just across the lake to the Eastlake neighborhood and immediately north to the University District. EXCEPTIONAL REGIONAL ECONOMIC OUTLOOK The greater Seattle area is consistently rated as one of the top performing economies in the United States in terms of job creation, productivity, household income, population growth, and capital investment and Seattle is rated as a top 10 market for investment by Urban Land Institute. Global industry leaders the Boeing Company, Costco Wholesale, Gates Foundation, Expedia, Microsoft, and Starbucks are headquartered in the region, reflecting the diversity of industries sustaining the exceptional economic performance and growth. The significant demand drivers of the Seattle marketplace and desirable location provide investors additional protection and future options for redevelopment of the Property. 3

4 1721 8TH AVENUE NORTH SEATTLE, WA BELLEVUE CBD MERCER ISLAND LAKE WASHINGTON CAPITOL HILL SOUTH LAKE UNION I OT EASTLAKE ELL SEATTLE CBD Y T BA LAKE UNION TH AVENUE NORTH QUEEN ANNE Aerolist.com 4 N

5 FREMONT LOCAL MAP 5 UNIVERSITY OF WASHINGTON EXECUTIVE SUMMARY GAS WORKS PARK EASTLAKE 520 ELLIOTT AVE QUEEN ANNE KERRY PARK LOWER QUEEN ANNE MYRTLE EDWARDS PARK TH AVENUE NORTH BELLTOWN OLYMPIC SCULPTURE PARK AURORA AVE 99 WESTLAKE AVE 5TH AVE LAKE UNION LAKE UNION PARK SOUTH LAKE UNION DENNY WAY 1-5 EXPRESS 5 10TH AVE CAPITOL HILL BROADWAY VOLUNTEER PARK 15TH AVE E.MADISON ST N 5

6 CONTACT US DAN STUTZ SENIOR VICE PRESIDENT EVAN STEINRUCK ASSOCIATE DON MOODY FIRST VICE PRESIDENT TERESA PATTON SENIOR ASSOCIATE CBRE, Inc Fifth Avenue Suite 1700 Seattle, WA CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited. JW