FOR SALE W Commodore Way Seattle, WA A COMMERCIAL INVESTMENT OPPORTUNITY RICHARD KEMP

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Kerry Hodge
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FOR SALE 3101 W Commodore Way Seattle, WA 98199 A COMMERCIAL

1 FOR SALE 3101 W Commodore Way Seattle, WA A COMMERCIAL INVESTMENT OPPORTUNITY CONTACT INFORMATION: PRINCIPAL BROKER

OFFERING SUMMARY 3101 W Commodore Way, Seattle, WA 98199 Site Location OFFERING SUMMARY Price: $1,600,000 Price / Lot SF: $120.

Records) Year Built: 1957 PROPERTY HIGHLIGHTS Machine Shop & Office Industrial Space Perfect for Owner/User Fisherman s Terminal location in

2 OFFERING SUMMARY 3101 W Commodore Way, Seattle, WA Site Location OFFERING SUMMARY Price: $1,600,000 Price / Lot SF: $ per SF Price / NRSF: $ per SF Lot Size: 13,227 SF 0.3 Acres Building Size: 5,910 SF (King Co. Records) Year Built: 1957 PROPERTY HIGHLIGHTS Machine Shop & Office Industrial Space Perfect for Owner/User Fisherman s Terminal location in the Interbay neighborhood Minutes from Ballard and Downtown Seattle Zoning: Parcel Number: IB U/ FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 Seattle, WA

3 RENT ROLL 3101 W Commodore Way, Seattle, WA Space Suite Square Footage % of Area Base Rent Property Taxes Insurance Water & Sewer Lease End $9, $4, $2, # 1 2,669 SF 26.15% # 2A 784 SF 3.13% # 2B 2,292 SF 22.45% $1, $2, $ $ /31/2019 # 3 4,463 SF 43.72% $3, $4, $1, $ /31/2019 TOTAL 10,208 SF $5, $6, $2, $ FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 Seattle, WA

PUGET SOUND Set in the beautiful Pacific Northwest, the greater Seattle area is a national center for manufacturing, technology, services, international trade and tourism.

Boeing is one of the largest employers in the Puget Sound, employing approximately 80,000 in Washington.

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.

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.

Their World Headquarters, located in Redmond is over 10 million square feet.

The Port of Seattle, which also operates the Seattle-Tacoma International Airport, is a major gateway to Asia and cruises to Alaska.

4 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

5 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 and experience to provide the highest level of client services. Richard Kemp PRINCIPAL BROKER richk@ westlakeassociates.com ofc.

LATITUDE CENTER TH AVENUE S KENT, WA 98032

LATITUDE CENTER TH AVENUE S KENT, WA 98032 LATITUDE CENTER 100% LEASED STRIP CENTER FOR SALE 10900 NE 8th Street, Suite 1000 Bellevue, WA 98004 OFFERING SUMMARY The City of Kent is the sixth largest city in Washington State with a population of