BALLINGER WAY DEVELOPMENT SITE
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1 North 15TH AVE NE 19TH AVE NE NE TIM MCKAY Vice President O: DAN CHHAN Vice President O: SAM WAYNE Associate Vice President O: Ballinger Way NE & th Ave NE Shoreline, WA COLLIERS INTERNATIONAL, INC P. 1
2 THE OFFERING The Seattle Apartment Team of Colliers International, as exclusive listing brokers, presents a mid-rise development site off Ballinger Way in the City of Shoreline. The nearly 4 acre site currently consists of a single-tenant net leased Pagliacci Pizza, flex warehouse, office and large industrial yard. An opportunity exists for a developer to parcel off the Pagliacci pad, and redevelop the remaining 3.5 acres into approximately 270 units of market rate or senior housing. With 100 feet of frontage on Ballinger Way, as well as secondary access along 15th Ave NE, the site is easily accessible to Interstate-5, with both Northbound and Southbound ingress and egress at this intersection. Additionally, the site is walking to distance to grocery, retail and entertainment amenities located directly across the street. PRICING Price $7,000,000 Net Operating Income $203,000 Price/Lot SF $42 PROPERTY Address Ballinger Way NE & th Ave NE Shoreline, WA Parcel Number , Zoning R-6, MB Lot Square Feet 166,174 Lot Acres 3.81 P. 2
3 INVESTMENT HIGHLIGHTS HIGHLY VISIBLE ON BALLINGER WAY AND 15TH AVE WITH MULTIPLE POINTS OF INGRESS AND EGRESS LOCATED IN A RETAIL CORRIDOR THAT ALSO INCLUDES MAJOR GROCERIES, GAS STATIONS, FOOD CHAINS AND OTHER NATIONAL RETAILERS WALK SCORE 71 JUST 1 MILE FROM MOUNTLAKE TERRACE TRANSIT CENTER & FUTURE LIGHTRAIL STATION THREE NEW DEVELOPMENTS IN CLOSE PROXIMITY EASY ACCESS TO I-5 COLLIERS INTERNATIONAL, INC P. 3
4 FUTURE LINK LIGHT RAIL STATIONS Edmonds LYNNWOOD TRANSIT CENTER Ride Time to Downtown: 28 Minutes 220TH ST SW STATION Alderwood Manor Mountlake Terrace MOUNTLAKE TERRACE TRANSIT CENTER Ride Time to Downtown: 25 Minutes NE 185TH STATION Shoreline Ride Time to Downtown: 24 Minutes Kenmore Bothell Broadview N 130TH STATION NE 145TH STATION Ride Time to Downtown: 20 Minutes Lake City P. 4 Northgate NORTHGATE TRANSIT CENTER Opening 2021 Ride Time to Downtown: 14 Minutes Juanita
5 COLLIERS INTERNATIONAL, INC P. 5
6 TIM MCKAY Vice President O: M: DAN CHHAN Vice President O: M: SAM WAYNE Associate Vice President O: M: COLLIERS INTERNATIONAL 601 Union Street, Suite 5300 Seattle, Washington This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, express or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this documents and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. P. 6
AVALON WEST DEVELOPMENT SITE. Building Permit Imminent. SAM WAYNE Associate Vice President O:
Building Permit Imminent 3039 SW Avalon Way Seattle, WA 98126 TIM MCKAY O: +1 206 223 5586 Tim.McKay@Colliers.com DAN CHHAN O: +1 206 223 1265 Dan.Chhan@Colliers.com SAM WAYNE Associate Vice President
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