soundview 89 - loopnet · 2018. 4. 23. · soundview 89 soundview 89 6 | confidential offering...

SOUNDVIEW 89

For sale or

joint venture development opportunity

SOUNDVIEW 89

2 | CONFIDENTIAL OFFERING MEMORANDUM

SOUNDVIEW 89

OFFER SOLICITATION PROCESS

OFFER SUBMISSION Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of purchaser’s offer, including, but not limited to (1) asset pricing, (2) due diligence and closing time frame, (3) earnest money deposit, (4) a description of the debt/equity structure, and (5) qualifications to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of Jerry Sankey at the email address, street address and/or fax number listed.

CONTACT INFO

ARA, A NEWMARK COMPANY1420 5th Avenue, Suite 2150Seattle, Washington 98101T. 206.407.0220F. 206.407.0221

PRIMARY CONTACT

Jerry [email protected]

Marty [email protected] SECONDARY CONTACT

Dylan [email protected]

Rob [email protected]

TABLE OF CONTENTS

Investment Details 3

Site 4

Investment Hightlights 5

Demographics 6

Floor Plan 7

Amenity Map 8

Rooftop Deck View 10

Aerials 12

Rent Comparables 14

Credits and Disclosures 17

SOUNDVIEW 89 | 3

SOUNDVIEW 89

Investment Details

UNIT MIX

DESCRIPTION UNITS AVG SF NRSF %

Studio 30 413 SF 12,390 SF 34%

1x1 21 574 SF 12,054 SF 24%

1x1 +Den 19 719 SF 13,661 SF 21%

2x2 19 888 SF 16,872 SF 21%

Total/Average 89 618 SF 54,977 SF 100%

0x1 1x1 1x1 +Den 2x2

Unit Mix % Breakout

57%

34%

24%

21%

21%

INVESTMENT DETAIL

Address 22325 - 22335 7th Avenue S Des Moines, WA 98197

Price Best Offer

Transaction Type Fee Simple Sale or Joint Venture Partnership

Parcels200660-0005 200660-0025 200660-0035

Lot Size 23,520 SF

Zoning D-C

Units 89

Average Unit Size 618

SOUNDVIEW 89SOUNDVIEW 89


Site

SOUNDVIEW 89 | 5

SOUNDVIEW 89

Investment Highlights

Park, Anthony’s HomePort restaurant, and Des Moines Yacht Club.

Walk Score: 78 (Very Walkable)Within a quarter mile walk, there are: 11 restaurants, 3 cafes, a convenience store, a grocery market/deli, a farmers market, a butcher, 2 bookstores, a bank, and a pharmacy.

Transit FriendlyThe property is one block from a bus stop that has direct lines to Downtown Seattle, Burien, and Kent. The Angle Lake Light Rail Station, which runs directly to Downtown Seattle is 2.8 miles from the property.

Scarcity of SupplyDes Moines has no supply currently and there hasn’t been anything built there in over ten years. There are 495 units planned for the third and fourth quarter of 2019, but with the site being shovel ready the project could beat these properties to the market and capitalize on the sub 5% vacancy rate for Des Moines.

Fully EntitledThis property is fully-entitled. With the low supply of new construction in Des Moines this is a great opportunity for an investor to take advantage of a market where demand is out pacing supply.

Expansive Views of Puget SoundThe top two floors and the rooftop of the property will have unobstructed views of the Puget Sound, Vashon Island, and the Olympic Mountains.

Seatac AirportSeatac Airport recently broke ground on a $766 million new International Arrivals Facility, due to open in 2019. They also are working on a $658 million expansion of Seatac’s North Satellite. This new infrastructure is needed to accommodate the rapid growth of traffic through the airport, and it will also result in an increase in employment at the airport and in the surrounding neighborhoods.

Des Moines Creek Business ParkA three phase project that will total 1.6 million square feet of office, industrial, and retail space on a 87 acre site. The property is owned by the Port of Seattle, and the development is being completed by Panattoni, which has a 55-year ground lease on the site. The development is expected to bring 6,000 new jobs to Des Moines.

Waterfront RecreationThe property is one block from the Des Moines Marina, a couple blocks from Des Moines Beach



Demographics

1 MILE 3 MILE 5 MILE

Population

2017 Estimate 8,999 63,371 158,942

2022 Projection 9,639 67,477 168,664

Growth 2017 - 2022 7.11% 6.48% 6.11%

Median Age 46.9 38.2 37.3

Households

2017 Estimate 3,908 23,568 60,877

2022 Projection 4,156 24,952 64,181

Growth 2017 - 2022 6.35% 5.87% 5.43%

Owner Occupied 54.9% 55.2% 50.2%

Renter Occupied 38.2% 38.1% 43.9%

Average HH Size 2.24 2.63 2.57

Average HH Income $84,443 $82,706 $80,375

Housing

Median Home Value $324,876 $311,865 $311,935

Median Year Built 1973 1976 1979

Education

Bachelor’s Degree 20.7% 18.4% 18.4%

Graduate/Professional Degree 11.7% 9.2% 8.6%

Income

<$35,000 22.7% 25.6% 27.5%

$35,000 - $50,000 14.3% 13.9% 14.3%

$50,000 - $75,000 21.6% 18.0% 18.6%

$75,000 - $100,000 13.5% 15.0% 13.6%

$100,000+ 27.9% 27.5% 26%

57% of people IN A ONE MILE RADIUS

WORK IN WHITE COLLAR

4,084 people WORK IN A ONE MILE RADIUS

$25M+ a year CONSUMER SPENDING IN A ONE MILE RADIUS

IS SPENT ON EATING OUT AND ENTERTAINMENT

$68M+ a year CONSUMER SPENDING IN A ONE MILE RADIUS

IS SPENT ON SHELTER

SOUNDVIEW 89 | 7

SOUNDVIEW 89

Floor Plan

UP

UP

877 SF

UNIT 4.1329

5

544 SF

UNIT 2.1327

3

544 SF

UNIT 2.1325

3

973 SF

UNIT 4.2323

5

410 SF

UNIT 1.1321

3410 SF

UNIT 1.1319

3691 SF

UNIT 3.1317

4432 SF

UNIT 1.2A315

3658 SF

UNIT 2.3313

4410 SF

UNIT 1.1311

3410 SF

UNIT 1.1309

3832 SF

UNIT 4.4307

5

650 SF

UNIT 2.4305

4

727 SF

UNIT 3.1303

4

390 SF

UNIT 1.3304

2571 SF

UNIT 3.6302

3858 SF

UNIT 4.5306

5

458 SF

UNIT 2.6308

3

787 SF

UNIT 3.2310

5

419 SF

UNIT 1.1312

3

419 SF

UNIT 1.1314

3814 SF

UNIT 3.4318

5

879 SF

UNIT 4.3320

5

STAIR 1S1

ELEVATOR 1E1

ELEVATOR 2E2

ELECTRICAL RM175

16043

1605

1605

1603

1603

1605

1603

1605

1603 1603 1604 1603 1604 1603 1603

1605

1604

1604

1603

1603

1605 1602 1603

16043

1605

CORRIDOR300

TRASH301

4CP1.5

R-2

R-2R-2

R-2

R-2

R-2

R-2 R-2 R-2 R-2 R-2 R-2 R-2 R-2

R-2

R-2

R-2

R-2

R-2

R-2

R-2

R-2 R-2

STORAGE UNITS316Stair 2

S2

DIAGONAL: 224'

1/3 DIAGONAL: 75'

EXIT SEPARATION: 110'DEAD

END

COR

RIDO

R: 38

'

DEAD END CORRIDOR: 42'

- All corridor walls to be 1/2-FP (IBC 708.3, Ex 1 & Table 1020.1)- All parti walls between units to be 1-FP (IBC 420.2, 708.3 Ex 1)- All unit doors to be 20 min (IBC Table 716.5)

MAX

TRAV

EL D

IST:

103'

MAX TRAVEL DIST: 101'

PD90 min

PD90min

2-VX

2-VX

2-VX

2-VX

2-VX

2-VX

2-VX

2-VS

2-VS

2-VS 2-VS

2-VX

2-FB1-FB

2-FB1-

FB

PD60min

1-FB

877 SF

UNIT 4.1529

5

544 SF

UNIT 2.1527

3

544 SF

UNIT 2.1525

3

983 SF

UNIT 4.2A523

5

410 SF

UNIT 1.1521

3410 SF

UNIT 1.1519

3691 SF

UNIT 3.1517

4432 SF

UNIT 1.1515

3658 SF

UNIT 2.3513

4410 SF

UNIT 1.1511

3410 SF

UNIT 1.1509

3832 SF

UNIT 4.4507

5

650 SF

UNIT 2.4505

4

727 SF

UNIT 3.1503

4

390 SF

UNIT 1.3504

2571 SF

UNIT 3.6502

3858 SF

UNIT 4.5506

5

729 SF

SKY LOUNGE510

49

418 SF

UNIT 1.1516

3814 SF

UNIT 3.4520

5

904 SF

UNIT 4.3522

5

STAIR 1S1

ELEVATOR 1E1

ELEVATOR 2E2

ELECTRICAL RM336

474 SF

LOUNGE DECK511

32

CORRIDOR500

459 SF

UNIT 2.6508

3

STORAGE UNITS518

16079

1605

1605

1603

1603

1605

1603

1605

Stair 2S2

1603 1603 1604 1603 1604 1603 1603

1605

1604

1604

16041

16040

TRASH501160

3

1605 1602 1603

16079

4CP1.5

R-2

R-2R-2

R-2

R-2

R-2

R-2 R-2 R-2 R-2 R-2 R-2 R-2 R-2

R-2

R-2

R-2

R-2

A-3

R-2 R-2

A-3

R-2

R-2

DIAGONAL: 224'

1/3 DIAGONAL: 75'

EXIT SEPARATION: 110'DEAD

END

COR

RIDO

R: 38

'


MAX

TRAV

EL D

IST:

103'


EXIT SEPARATION: 30'

DIAGONAL: 53'

1/3 DIAGONAL: 18'


2-VX

2-VX

2-VX

2-VX

2-VX

2-VX

2-VX

2-VS

2-VS

2-VS 2-VS

2-VX

PD

PD90min

2-FB1-FB

2-FB1-

FB

PD1-FB

3152 SF

ROOF DECK234

191

ELEVATOR LOBBY600

STAIR 1S1

ELEVATOR 1E1

ELEVATOR 2E2

Stair 2S2

176 SF

ELEVATOR MACHINE ROOM510

1

16096

1601

16096

32096

160100

16096

4CP1.5

2-VX

2-VS

2-VS

877 SF

UNIT 4.1229

5

544 SF

UNIT 2.1227

3

544 SF

UNIT 2.1225

3

973 SF

UNIT 4.2223

5

410 SF

UNIT 1.1221

3410 SF

UNIT 1.1219

3691 SF

UNIT 3.1217

4432 SF

UNIT 1.1215

3658 SF

UNIT 2.3213

4410 SF

UNIT 1.1211

3410 SF

UNIT 1.1209

3832 SF

UNIT 4.4207

5

650 SF

UNIT 2.4205

4

719 SF

UNIT 3.1A203

4

502 SF

UNIT 2.5204

3710 SF

UNIT 3.5202

4878 SF

UNIT 4.1206

5

787 SF

UNIT 3.2210

5

419 SF

UNIT 1.1212

3419 SF

UNIT 1.1214

3587 SF

UNIT 2.2A218

775 SF

UNIT 3.3220

4

STAIR 1S1

ELEVATOR 1E1

ELEVATOR 2E2

ELECTRICAL RM284

3

STAIR 2S2

STORAGE UNITS216

TRASH201

CORRIDOR200

160106

1605

1604

1603

1603

1603

1603

1605

1603 1603 1604 1603 1604 1603 1603

1605

1604

1604

1605 16

03 1604

160106

1724 SF

Amenity Courtyard208

130

1603 1605

4CP1.5

R-2

R-2R-2

R-2

R-2

R-2

R-2 R-2 R-2 R-2 R-2 R-2 R-2 R-2

R-2

R-2

R-2

R-2R-2

R-2

R-2 R-2

DIAGONAL: 224'

1/3 DIAGONAL: 75'

EXIT SEPARATION: 109'

DEAD

END

COR

RIDO

R: 38

'


MAX

TRAV

EL D

IST:

112'


16065

16065


2-VX

2-VX

2-VX

2-VX

2-VX

2-VX

2-VX

2-VS

2-VS

2-VS 2-VS

2-VX

2-VX

2-VXPD

90min

PD90min

2-FB1-FB

2-FB1-

FB

PD1-FB

- COMBINED OCCUPANT LOAD AT A GIVEN EXIT DOOR.(SUM OF THESE EQUALS TOTAL OCCUPANT LOAD)

(OCCUPANCY LOAD IS NOT INCLUDED IN LOADSBEYOND THIS ROOM)

(THE CAPACITY OF DOORS ARE DETERMINED AS FOLLOWS:CLEAR OPENING WIDTH IN INCHES DIVIDED BY 0.2THE CAPACITY OF STAIRS ARE DETERMINED AS FOLLOWS:WIDTH IN INCHES DIVIDED BY 0.3)

- COMBINED OCCUPANT LOAD AT A GIVEN DOOR OR STAIR

- TOTAL EXIT CAPACITY OF DOOR(THE CAPACITY OF DOORS ARE DETERMINED AS FOLLOWS:CLEAR OPENING WIDTH IN INCHES DIVIDED BY 0.2)

WALL SEPARATION LEGEND

SYMBOL LEGEND- OCCUPANCY LOAD####

00

###

- PANIC DEVICE- DOOR FIRE RATING

- TOTAL EXIT CAPACITY OF DOOR OR STAIR

- ACCESSORY USE AREA

00

WALL FIRE RATING TYPEC = CORRIDOREW = EXTERIOR WALLFB = FIRE BARRIERFP = FIRE PARTITIONFSB = FIRE/SMOKE BARRIERFW = FIRE WALLHX = HORIZONTAL EXITSB = SMOKE BARRIERVS = VERTICAL SHAFTVX = VERTICAL EXITXP = EXIT PASSAGEWAY

WALL HOURLY FIRE RATING0 = 0 HOUR1/2 = 1/2 HOUR1 = 1 HOUR2 = 2 HOUR3 = 3 HOURSP = SMOKE PARTITION

PDXX MIN

CODE REFERENCES:TWO EXITS REQUIRED WHERE OCCUPANT LOADEXCEEDS (IBC Table 1006.2.1):- Occupancy R-2: 10- Occupancy S: 29- Occupancy A, M: 49- Occupancy B: 49

TWO EXITS REQUIRED WHERE MAX COMMON PATH OFEGRESS TRAVEL EXCEEDS (IBC Table 1006.2.1, withsprinker):- Occupancy R-2: 125'- Occupancy S: 100'- Occupancies A,M: 75'- Occupancy B: 100'

SEPARATION DISTANCE OF 2 EXITS (IBC 1007.1.1, Exception2, with sprinkler):- Seperation distance shall not be less than 1/3 of the length of themax overall diagonal dimension of the area served

EXIT ACCESS TRAVEL DISTANCE NOT TO EXCEED (IBCTable 1017.2, with sprinkler):- Occupancy A, M, R: 250'- Occupancy B: 300'- Occupancy S-2: 400'

DEAD END CORRIDORS (IBC 1020.4, Exception 2, withsprinkler):- Dead end corridors to be no more than 50' in length (OccupancyB, M, R-2, S)

MIXED-OCCUPANCY SEPARATION (IBC 420, Table 508.4, withsprinkler)- Between Dwelling Units R-2 Occupancy: 1Hr- Between A & R: 1Hr- Between A & M: 1 Hr- Between A & B: 1 Hr- Between S-2 & B: 1 Hr- Between S-2 & M: 1 Hr- Between S-2 & A: No separation requirement- Between S-2 & B: 1 Hr

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NO

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H SCALE: 1/16" = 1'-0"FLOOR PLAN, ROOF DECK

NO

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H SCALE: 1/16" = 1'-0"FLOOR PLAN, LEVEL 2

Typical Floor Plan



Amenity Map

S1

174

16

2 10

3

8

7

19

11

13185

12

15

14

9

21

20

22

23 24

25

26

2728

29

30

3132

33

34

35

36

37

38

39

40

41

42

43

44

4546

4748

49

50

5152

53

54

55

56

57

SOUNDVIEW 89 | 9

SOUNDVIEW 89

Amenity Map

FOOD & DRINK1. Oceanside Banh Mi Cafe

2. Dragon Gate

3. via Marina Woodfire Pizza

4. Lighthouse Lounge

5. Athens Pizza & Pasta

6. Arturo’s

7. Wally’s Chowder House

8. Manderian Kitchen

9. Jack’s Country Restaurant

10. Red Robin

11. Anthony’s HomePot

12. Dana K’s Kafe

13. Auntie Irene’s

14. Marine View Espresso

15. Mini The Dough-Nut

16. Des Moines Dog House

17. All Star Sports Bar

18. New Tokyo Teriyaki

19. Concourse Concessions

GROCERY AND SERVICES20. ABC Store

21. Fred Meyer

22. Waterfront Farmers Market

23. B&E Meats & Seafood

24. Marina Market

25. 7-11

26. Bank of America

27. Chase Bank

28. Elsey’s Service

29. Wells Fargo

30. Key Bank

31. Be Attitudes

32. Prolific

33. Best in Show

34. Salon Michelle

35. Larry’s Barber Shop

36. Des Moines Cleaners

37. Pauline’s Nail Shop

38. Pretty Nails Center

SHOPPING AND ENTERTAINMENT39. Des Moines Yacht Club

40. Tag Zone

41. Carriage Quality Quilts

42. Polonez Automotive

43. Print Place

44. Park Conservation Area

45. Beach Park Auditorium

46. Creek Trail

47. All Points Yarn

48. Catacomb Comics

49. Kimberly’s Jewelry

50. Pet Elegance

51. Floralaura

WELLNESS52. Sweet Escapes Day Spa

53. Waterland Wellness

54. Bella Arshinova

55. Sukha Healing

56. Marina View Vet

57. Des Moinse Drugs



Southwest Rooftop Deck View

SOUNDVIEW 89 | 11

SOUNDVIEW 89

Northwest Rooftop Deck View



Aerials

N

Marine View

Drive S

Bellevue (21 miles)45,000+ Employees

Marine View Park

Des Moines Marina

Puget Sound

7th Avenue S

Des Moines Park

Marine View Drive S

Ke

nt D

es M

oines Road

Seattle CBD (15 miles)260,000+ Employees

Burien (5 miles)23,000+ Employees

SeaTac International Airpor t (4 miles)

12,000+ Employees

Soundview 89

SOUNDVIEW 89 | 13

SOUNDVIEW 89

Aerials

E

7th Avenue S

Marine View Drive S

Ke

nt D

es M

oines RoadS 216th Stre

et

Mt. Rainier High School

Pacif ic Middle SchoolUnder wood Memorial Park

Des Moines Park

Des Moines Elementar y

Des Moines Marina

Cascade Mountians

Puget Sound

Kent Valley Industrial District (24M SF )60,000+ Employees

Top Employers:

Highline College

Des Moines Creek Business Park

1.5M SF

Soundview 89



Rent Comparable Location Map

4

3

1

S

SUMMARY

In our analysis we have included properties ranging in vintage between 2011 and 2017. Competing properties’ market rents range between $1,435 and $1,881 per month. Competing properties are achieving between $2.09 and $2.46 per square foot.

2

SOUNDVIEW 89 | 15

SOUNDVIEW 89

Rent Comparables

VIEWPOINT APARTMENT

01

Viewpoint Apartment Is located on Pacific Highway S at S 216th Street. The 4-story mid-rise property includes 90 units. Units include breakfast bars, gourment kitchens, built in microwaves, Granite style countertops, laminate wood flooring, maple cabinetry, stainless steel appliances and washers and dryers. Common area amenities include a rooftop deck, playground, BBQ area, gated, controlled access, business center and pet play area.

THE PLATFORM

02

The Platform Is located on W Smith Street at 2nd Avenue N. The 5-story mid-rise property includes 176 units. Units include Juliette Balcony, accent walls, berber carpeting, floor-to-ceiling windows, stainless steel appliances, built in microwaves and washers and dryers. Common area amenities include rooftop deck with BBQ area and fire pit, controlled entry, green roof, online concierge services, indoor bike parking and USB chargers throught building.

DWELL AT KENT STATION

03

Dwell at Kent Station Is located on 4th Avenue N at W Smith Street. The 5-story mid-rise property includes 154 units. Units include stainless steel appliances, high ceilings, built in microwave, private balcony and washers and dryers. Common area amenities include a BBQ and picnic area, open courtyard, clubhouse, garage parking, fitness center and community lounge.

THE MAVERICK

04

The Maverick Is located on 5th Avenue SW at SSW 150th Street. The 7-story mid-rise property includes 229 units. Units include walk-in closets, Quartz countertops, stainless steel appliances, wood-like plank flooring, plush carpeting, private patio, two-tone designer paint and washers and dryers. Common area amenities include fitness center, yoga/pilates studio, clubroom, media center, controlled access, BBQ area, bocce ball court, bike storage, movie theater and bike repair room.



Rent Comparables

Comp 1 Comp 2 Comp 3 Comp 4

PROPERTY NAME VIEWPOINT APARTMENT THE PLATFORM DWELL AT KENT STATION THE MAVERICK COMP TTL/AVG

ADDRESS 21428 Pacific Highway S 420 W Smith Street 443 Ramsay Way 15045 5th Lane S

YEAR BUILT 2011 2014 2016 2017 2015

# APTS 90 176 154 229 649

AVG ASKING RENT $1,435 $1,606 $1,627 $1,881 $1,684

AVG SF 685 744 742 766 743

AVG RENT PSF $2.09 $2.16 $2.19 $2.46 $2.27

UNIT MIX

Studios 1BR Units 2BR Units

STUDIOS 31 Units 8 Units 15 Units 24 Units 78 Units

Avg. Asking Rent $1,204 $1,325 $1,305 $1,370 $1,287

Avg. SF 504 470 517 540 514

Avg. Rent PSF $2.39 $2.82 $2.54 $2.54 $2.51

1-BR UNITS 26 Units 144 Units 98 Units 143 Units 411 Units

Avg. Asking Rent $1,375 $1,560 $1,520 $1,750 $1,605

Avg. SF 608 716 667 660 678

Avg. Rent PSF $2.26 $2.18 $2.28 $2.65 $2.31

2-BR UNITS 33 Units 24 Units 41 Units 62 Units 160 Units

Avg. Asking Rent $1,700 $1,975 $2,000 $2,382 $2,082

Avg. SF 916 1,003 1,004 1,009 1,023

Avg. Rent PSF $1.86 $1.97 $1.98 $2.17 $2.03

SOUNDVIEW 89 | 17

SOUNDVIEW 89

DisclosureARA Northwest, LLC, a licensed Washington Broker, (collectively, the “Agent”) has prepared this material for limited use in the acquisition of certain Property, specifically the Craft Apartments in Seattle, Washington.

The Offering Memorandum is not intended to provide a completely accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective purchasers may need or desire. All f inancial projections are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and the Agent, and therefore may be subject to variation. The Offering Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the Offering Memorandum. Additional information and an opportunity to inspect the Property will be made available to interested and qualif ied prospective purchasers.

Neither the Owner nor the Agent nor any of their respective officers, agents or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Memorandum or any of the Contents (defined below), and no legal commitment or obligation shall arise by reason of the Offering Memorandum or the Contents. Analysis and verif ication of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.

The Owner and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/

or terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by the Owner, and any conditions to the Owner obligations thereunder have been satisfied or waived.

This Offering Memorandum and the Contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidential nature and are not to be made available to persons not receiving copies directly from the Agent. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the Contents to any other entity (except for outside advisors retained by you if necessary, in your opinion, for your determination of whether or not to make a proposal) without the prior written authorization of the Owner or Agent, and that you will not use the Offering Memorandum or any of the Contents in any fashion or manner detrimental to the interest of the Owner or Agent.

If you have no interest in acquiring the Property at this time, kindly return the Offering Memorandum forthwith.

Credits & Disclosure

https://s3.amazonaws.com/ARA-PORTLAND/Disclosures/WA+Disclosure+41117.pdf

SOUNDVIEW 89 | 18

SOUNDVIEW 89

Additional information for Division Street is available at: www.Soundview89.com

OCTOBER 2017

ARA NEWMARK1420 5th Avenue Suite 2150Seattle, Washington 98101T 260.407.0220F 260.407.0221www.aranewmark.com

PRIMARY CONTACT

Jerry [email protected]

Marty [email protected] SECONDARY CONTACT

Dylan [email protected]

Rob [email protected]

soundview 89 - loopnet · 2018. 4. 23. · soundview 89 soundview 89 6 | confidential offering...

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