FIRST HILL DEVELOPMENT SITE
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1 FIRST HILL DEVELOPMENT SITE 815 9TH AVENUE SEATTLE, WA FOR MORE INFORMATION: COLLIN S. HAGSTROM PRINCIPAL BROKER CURRAN C. HAGSTROM PRINCIPAL BROKER
2 OFFERING SUMMARY WESTLAKE ASSOCIATES, INC. IS PROUD TO PRESENT 815 9TH AVENUE FOR SALE. LOCATED ON 9TH AND MARION JUST TWO BLOCKS FROM THE SEATTLE CBD AND CAPITOL HILL, DEVELOPERS HAVE THE RARE OPPORTUNITY TO ACQUIRE A PRIME 10,800 SQUARE FOOT HIGH-RISE DEVELOPMENT SITE AT THE EPICENTER OF THE MOST ECONOMICALLY ROBUST MARKET IN THE UNITED STATES. A FEASIBILITY STUDY COMPLETED BY A SEATTLE ARCHITECTURE FIRM SHOWS THE POTENTIAL TO DEVELOP A 150 UNIT MARKET-RATE APARTMENT COMMUNITY WITHOUT MAXIMIZING THE FULL ZONING HEIGHT. FOR MORE DETAILS ON THE FEASIBILITY STUDY, PLEASE CONTACT THE LISTING BROKERS. Price: $5,500,000 Price/SF: $509 Lot Size: 10,800 SF Parcel #: ADDRESS 815 9th Avenue Seattle, Washington PROPERTY HIGHLIGHTS 10, 0,800 SF DEVELOPMENT SITE ZONED HIGH RISE (HR) POTENTIAL 150-UNIT MARKET RATE APARTMENT SITE 240 FOOT HEIGHT LIMIT WITH 13.0 MAX FAR ALLOWS FOR HIGHER DENSITY 50 YARD LINE LOCATION: : TWO BLOCKS FROM SEATTLE TLE CBD AND CAPITOL HILL WALK SCORE OF 97: WALKER'S PARADISE TRANSIT SCORE OF 100: RIDER'S PARADISE LOCATED IN FIRST HILL'S URBAN VILLAGE CENTER LESS THAN A MILE FROM SWEDISH,, GROUP HEALTH,, VIRGINIA MASON 1.5 MILES TO SLU: : AMAZON,, FACEBOOK, FRED HUTCH,, MICROSOFT INCOME PRODUCING PROPERTY: : CURRENTLY OPERATED AS PARKING LOT BY U-PARK
3 POTENTIAL 150 UNIT DEVELOPMENT RENDERING
4 POTENTIAL 150 UNIT SECTIONAL RENDERING
5 LOCATION MAPS First Hill Development Site First Hill Development Site
6
7 SILICON CANAL BELLEVUE LAKE WASHINGTON SOUTH LAKE UNION GAS WORKS PARK LAKE UNION 670,000 SF by 2019 CAL ANDERSON PARK FIRST HILL SEATTLE CBD 4,500 employees by 2019 PIONEER SQUARE ELLIOTT BAY
8 HAGSTROM BROTHERS BIO & CONTACT CURRAN C. HAGSTROM Principal Broker COLLIN S. HAGSTROM Principal Broker 1200 Westlake Ave N, Suite 310 Seattle, WA T curran@westlakeassociates.com 1200 Westlake Ave N, Suite 310 Seattle, WA T collin@westlakeassociates.com Curran and Collin Hagstrom, Westlake s first brother team and Principals at the company, combine 25 years of multi-family brokerage and investment experience. Having grown up in the Seattle area, they have witnessed first-hand the sustained growth and transformation of the Seattle real estate market, where they now specialize in representing buyers and sellers of core Seattle multi-family properties. With their straight forward approach and commitment to maximizing client returns, the Hagstroms quickly became top producers in the Seattle multi-family market. In 2016, they brokered over $120 Million in multi-family sales, earning them Westlake s Top Listing Broker award for the second year in a row.
9 ABOUT WESTLAKE Since 1975 Westlake Associates, Inc. has been the premier provider of commercial real estate brokerage services in the Puget Sound region. Our commitment to assist our clients in creating and preserving their real estate investment wealth has led to the successful closing of billions of dollars in investment property and a long history of repeat business and client referrals. Our firm has over twenty full-time real estate professionals with expertise in the multi-family sales market. With a majority of our partners owning and operating their own investment property, we offer clients a unique perspective from both an agent and owner point of view. Our specialization in representing Puget Sound apartment owners results in our clients receiving the most effective representation in the industry, where maximizing client returns is our highest priority. Through effective teamwork, communication, and an unparalleled knowledge of the Puget Sound apartment market, our agents continue to lead the industry in successful closings and client satisfaction. MEMBER: : Commercial Brokers Association (CBA) MEMBER: : Northwest Multiple Listing Services (NWMLS) MEMBER: : Loop Net National Listing Services MEMBER: : Costar Commercial Real Estate Data and National Listing Service MEMBER: : Commercial Investment t Real Estate Institute (CREI) MEMBER: : Washington State Realtors Association (WSMA)
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