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R E T A I L / I N D U S T R I A L B U S I N E S S P A R K

17616-17624 15th Ave SE • Bothell, WA 98012

(Along Bothell Everett Highway)

For More Information Please Contact:

Aaron Locke206.774.5436 aaron@tfgre.com

2621 Eastlake Ave E

Seattle, WA 98102

www.tfgre.com

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02Investment Overview

04 Submarket Information

05 Financial Summary

07 Photo Gallery

10 Regional Information

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Investment OverviewThe Foundation Group is pleased to exclusively offer for sale the Per Business Park, situated on the border of Bothell and Mill Creek. The business park sits right on Bothell Everett Highway, which gives the tenants unbelievable visibili-ty to cars driving by. Per Business Park consists of two buildings and is made up of retail and light industrial tenants. Most units have a roll up door with a clearance height of 19 feet.

The current ownership group has done significant capital improvements, including repaving the parking lot and re-placing the roofs. The business park currently generates fantastic cash flow, but still has significant value add oppor-tunities for the next owner. The property is poised to capitalize on substantial upside in lease rates as units renew or become available. Several of the units have additional mezzanine space that could be finished. All tenants are on NNN leases. Furthermore, due to the exceptional location the property is capitalizing on additional billboard income. Between the stellar Bothell location and the lack of available industrial/retail product the Per Business Park will be a great short and long term investment. Additionally, the property has a huge opportunity for redevelopment in the future sitting on over 2 acres of General Commercial with the continued growth of Bothell and the Rapid Transit Swift Green Line (goes directly by Per Business Park) set to open up in 2019.

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Price $6,850,000Units + Billboard 20

Year Built 1986

Proforma Cap Rate 6.90%

Market Cap Rate 7.81%

Proforma GRM 11.10

Market GRM 9.95

Price/Sq.Ft $165

Rentable Sq. Ft 41,490 Sq. Ft

Lot Size 2.16 Acres

Parking Spaces 103 uncovered spots

Zoning General Commercial

Quick Facts

• Three units are currently for lease and market rent has been used as proforma • Rentable Sq. Ft includes finished mezzanine space

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Bothell Area Description

Bothell started as a small logging community and has grown to a full-fledged urban busi-ness center. The location boasts highly acces-sible interstates, including I-405, I-5 and State Route 522. Having sustained some of the larg-est growth in the last 10 years, some of the starkest growth in the region. The population has increased by over 12,000 within the City limits during that time. Bothell has caught the attention of national tenants and developers alike.

In 2006 Bothell launched their plan of a com-plete revitalization of historic downtown. The city has sold nearly a million square feet of land for development, and completed public investments of over $150 million. Their de-velopment is targeted towards the sustained growth and popularity of the region.

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Per Business Park

Mill Creek

Lynnwood

Bothell

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Property Notes & Assumptions• 106A, 108A & 107B are vacant and at proforma rent

• Approx Sq Sf includes finished mezzanine Sq Ft

Scheduled Income

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To access the full financial summary including rent roll, please execute our Confidentiality Agreement.

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Financials

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To access the full financial summary including rent roll, please execute our Confidentiality Agreement.

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Seattle / Puget Sound RegionSeattle is the largest city in the state of Washington with an estimated population of 686,800 as of 2016. The Seattle metropolitan area, also known as the Puget Sound,is comprised of King, Pierce and Snohomish County. As an MSA, the Puget Sound isthe 15th largest metropolitan area in the United States with a population of approximately3.7 million people.

Seattle has a thriving local economy and is home to eight Fortune 500 companies including Costco, Microsoft, Amazon, Paccar, Starbucks, Nordstrom, Expeditors International and Weyerhauser. In addition, Seattle is home to other notable tech companies such as Expedia, Zillow, Tableau and Zulily. It is quickly establishing itself as a national tech hub as multiple companies from Silicon Valley, such as Googleand Facebook, have opened Seattle offices in an attempt to draw on the talented pool of tech workers living in and rapidly moving to Seattle.

In 2016, Zillow ranked Seattle as the second hottest housing market in the nation for appreciation. Similarly in June of 2016, Redfin also ranked Seattle as the second hottest housing market behind Denver, where the average days on market of a listing is eight and median sales price growth year over year is 7.5%. Much of this growth comes from the hot job market in Seattle, ranked as the fourth best in the nation. A statistical analysis by Careerbuilder found that in 2015 Seattle added 78,082 jobs. Recently Conway Pederson forecasts they expect the Puget Sound region to add 47,900 jobs in 2016.

Currently, the year to date in-migration to the Puget Sound based on driver’s license data for January through May shows 49,656 people have moved into the area. On an annual basis, the 12-month moving average of monthly in migration is approximately 10,000 people. Annually that puts more than 120,000 people moving into the Puget Sound region; though this does not account for people moving out of the region, the bottom line is the area has and will continue to grow at a rapid pace making the rental market as strong as its ever been.

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Buoyed by its technology sector and the metro’s appeal as a live-work-play environment, Seattle’s economy and multifamily market continue to break new ground.

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The information included in this document has been obtained from

sources we believe to be reliable. While we do not doubt its accuracy,

we have not verified it and cannot make any guarantee, warranty or

representation about it. It is your responsibility to independently confirm

its accuracy and completeness. Any projections, opinions, assumptions, or

estimates used are for example only and may not accurately represent the

current or future performance of the property. The value of any proposed

transaction to you depends on tax and other factors which should be

evaluated by your tax, financial and legal advisors. 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.

For More Information Please Contact

Aaron Locke206.774.5436 aaron@tfgre.com

2621 Eastlake Ave E

Seattle, WA 98102

www.tfgre.com