LATITUDE CENTER TH AVENUE S KENT, WA 98032

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1 LATITUDE CENTER 100% LEASED STRIP CENTER FOR SALE NE 8th Street, Suite 1000 Bellevue, WA 98004

2 OFFERING SUMMARY The City of Kent is the sixth largest city in Washington State with a population of nearly 115,000 and covers a geographic area of 34 square miles. Only seven miles from SeaTac International Airport, Kent is conveniently located 18 miles from both Seattle and Tacoma, with quick access to Interstate 5, State Route 167 and other major highways. As the fourth largest manufacturing and distribution center in the United States, Kent s vibrant and diverse economy has a well-earned reputation as the economic barometer for the region. Site Address: th Ave S Kent, WA Parcel Number: Year Built: 2008 Lot Size: 140,024 SF (3.21 Acres) Building Size: 19,540 SF Site Frontage: 500 Lineal Feet Parking: 88 Stalls Home to over 4,500 businesses and approximately 78,000 jobs, Kent s $8 billion gross business income is the highest among its peer cities in South King County. Property is close to Amazon fulfilment center with 700+ employees Underserved market for retail services 32,000 VPD along West Valley Hwy LIGHT RAIL EXTENSION COMING THROUGH KENT As part of the Federal Way Link Extension Project, Sound Transit will extend its existing light rail connections from SeaTac in the north to Federal Way in the south. The new rail lines will be built along I-5 through the city of Kent with the nearest stops at 240th Street and 272nd Street. The new connection points are anticipated to increase the overall commercial traffic, thereby improving the demand and appeal of the surrounding properties, including the subject. Construction is scheduled to begin in 2019 with service to begin 2024.

3 FINANCIAL OFFERING 2019 PROJECTIONS REVENUES Minimum Rents $466,325 Reimbursements $125,817 TOTAL REVENUE $592,142 OPERATING EXPENSES Janitorial $6,096 Landscape Maintenance $10,644 Elevator Maintenace $1,224 HVAC Maintenance $3,672 Interior Maint & Repairs $0.00 Exterior Maint. & Repairs $3,600 Roof Repairs $1,200 Sign Expense $1,116 Management Fees $23,700 Parking Lot Maintenance $1,080 Sprinker - Fire Safety $1,440 Electricty $3,480 Garbage - Recycle $9,132 Water - Sewer - Drainage $25,594 Grease Interceptor $1,320 SUB-TOTAL $93,298 INSURANCE & TAXES Insurance $8,080 Real Estate Taxes $64,274 SUB-TOTAL $72,354 NET OPERATING INCOME TOTAL REVENUE $592,142 OPERATING EXPENSES -$93,298 SUB-TOTAL $498,844 INSURANCE & TAXES $72,354 NET OPERATING INCOME $426,490

4 TENANTS TENANT SUITE SIZE AMERICAN FAMILY INSURANCE SF UMPQUA BANK 102 4,025 SF REMEDY INTELLIGENT STAFFING 104 1,184 SF JUST PHO YOU 105 1,768 SF L & L HAWAIIAN BARBECUE 107 1,846 SF TERIYAKI 2U 108 1,560 SF LE VON NAIL SPA SF PITA PIT 110 1,845 SF VICTORY LIFE CENTER 200 5,461 SF TOTAL 19,540 SF

5 SITE PLAN Ste 200 5,461 SF 101: 979 SF Ste 102 4,025 SF 104: 1,184 SF 105: 1,768 SF 107: 1,846 SF 108: 1,560 SF 109: 872 SF 110 1,845 SF

6 LOCATION

7 DEMOGRAPHICS DEMOGRAPHICS 1 MILE 3 MILES 5 MILES POPULATION , ,414 AVERAGE HH INCOME $55,124 $61,137 $68,225 DAYTIME POPULATION 13, , ,186

8 TRAFFIC COUNTS LATITUDE CENTER