FOR SALE. RARE Redmond 2-Parcel Portfolio Potential 12-Unit Development Site A DEVELOPMENT AND INVESTMENT OPPORTUNITY GARY HUNTER, CCIM ALLAN FRIEDMAN

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1 NE 85th St NE 85th St 167th Ave NE 166th Ave NE 165th Ave NE FOR SALE RARE Redmond 2-Parcel Portfolio Potential 12-Unit Development Site A DEVELOPMENT AND INVESTMENT OPPORTUNITY CONTACT INFORMATION:

2 th Avenue NE NE 85th Street Redmond, WA OFFERING SUMMARY OFFERING SUMMARY Sale Price: $3,000,000 PROPERTY HIGHLIGHTS Potential 12 Unit Development Site Price / Lot SF: Lot Size: Zoning: Parcel Number #: $ ,400 SF R ( th Ave) (16645 NE 85th St) 2 Parcel Portfolio Located In Redmond s Trendy & Diverse Downtown Neighborhood Walkable to Redmond Town Center Sewer Connected Natural Gas Service Available At Site Rental Income From 2 Single-Family Residences FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 Seattle, WA

3 LOCATION th Avenue NE NE 85th Street Redmond, WA Site Location FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 Seattle, WA

4 LOCATION REDMOND LOCATED IN THE HEART of the Eastside, Redmond is an award-winning city in a pristine setting. Redmond and neighboring Bellevue serve as the Eastside s commercial and retail centers as well as the hub for the always-expanding business climate that attracts traditional commerce and entrepreneurs of all types. Redmond has a large variety of businesses. Famous for tech companies with some of the largest companies in the world, such Microsoft and Nintendo of America, calling Redmond home, Redmond is also a great spot to find local businesses like Mac and Jack s Brewery. than 20 parks, spanning more than 1,000 acres of open space with 17 miles of trails for walking, biking, inline skating, and horseback riding. Marymoor Park is particularly well known with its 45-foot-high climbing wall, model-airplane flying circuit, lighted sports fields, dog park, summer concerts, and its famous Velodrome. The park also features a golf course, a museum, picnic areas, soccer and tennis facilities, and a trailhead for the Sammamish River Trail. In the summer, the park also hosts outdoor movies, featuring kid-friendly activities and dinner from delicious food trucks. 9 MILES DOWNTOWN BELLEVUE 16 MILES DOWNTOWN SEATTLE Redmond has become a popular weekend getaway spot for fun-seekers. Redmond offers many entertainment options, including the Redmond Town Center, which contains over 100 shops, several restaurants, live theater, and world-class hotels. In addition, Redmond is known for having more Redmond features an incredible range of home styles and prices. Neighborhoods are beautifully designed with subdivisions, parks, and businesses that blend with the environment in unobtrusive ways. From affordable apartments to secluded hilltop acreage, Redmond has something for everyone. MICROSOFT FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 Seattle, WA MARYMOOR PARK & LAKE SAMMAMISH

5 PUGET SOUND Set in the beautiful Pacific Northwest, the greater Seattle area is a national center for manufacturing, technology, services, international trade and tourism. MAJOR EMPLOYERS world s largest aerospace company, secondlargest maker of large commercial jets, and second largest global defense contractor. Boeing is one of the largest employers in the Puget Sound, employing approximately 80,000 in Washington. PUGET SOUND LARGEST EMPLOYERS 80,000 JOINT BASE LEWIS-MCCHORD 56,000 Today some of the world s most recognizable Fortune 500 companies call Seattle home: Microsoft, Starbucks, Amazon, Nordstrom, Costco and REI. Other major companies in the area include Boeing, T-Mobile. Expedia, Boeing and Nintendo of America. Employment is expanding through the greater Seattle area. The Puget Sound region is projected to generate 1.2 million new jobs by INTERNATIONAL TRADE 42,000 25,000 According to the Puget Sound Business Journal, technology companies are leading the way in employment growth in the Seattle MSA. As the home of Microsoft and Amazon, Seattle accounts for over 20% of the nation s software publishing employment. Microsoft is one of the top employers in the sate with over 42,000 employees. Their World Headquarters, located in Redmond is over 10 million square feet. Seattle has remained one of the most resilient cities due to its diverse industries, making it more attractive for new companies to relocate and expand in the area. The Port of Seattle, which also operates the Seattle-Tacoma International Airport, is a major gateway to Asia and cruises to Alaska. The Port of Seattle ranks as the 6th busiest seaport in the US, playing a key role in bringing international trade, transportation and travel to the Pacific Northwest. 40,000 20,000 The Puget Sound has become a international leader in innovative industries with organizations such as the Fred Hutchinson Cancer Research Center, the University of Washington Medical Center and the Bill and Melinda Gates foundation. Healthcare employment is projected to continue to grow dramatically and Seattle has the 5th largest biotechnology Research and Development alliance between the University of Washington and the Fred Hutchinson Cancer Research Center. The Puget Sound is one of the capitals of the aerospace industry anchored by Boeing, the RECREATION The region is known for its quality of life, arts, and outdoor lifestyle which helps attract an educated workforce. Numerous camping, hiking, winter sports, and recreational activities are located a short drive from the city. Seattle s main attractions include Pike Place Market, the Space Needle, and Seattle Center, home of the 1962 World s Fair. Seattle is home to a number of professional sports teams including the 2013 Super Bowl champions, the Seattle Seahawks, the Seattle Mariners, and the Seattle Sounders FC soccer team. 20,000 15,000 10,000 13,000

6 WESTLAKE ASSOCIATES, INC. Serving Washington State since 1975, Westlake Associates has earned its reputation as a leader in Commercial and Investment Real Estate Brokerage. We ve built a strong foundation of experience in Investment Property Sales, Commercial Leasing, Property Management, and comprehensive real estate services over our 40 year history. At Westlake Associates, we operate as a team and leverage each other s resources ofc. ofc. and experience to provide the highest level of client services.