APARTMENT SALES REPORT

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1 KING COUNTY Q U A R T E R LY APARTMENT SALES REPORT th Quarter

2 Introduction This report is a roadmap for owners, developers, and future investors to navigate the critical changes, which provide new opportunities and challenges in the market place. We provide an unparalleled boots-on-theground understanding of King County for a wide range of private capital investors. We truly immerse ourselves in understanding the market. Driving the streets, monitoring new developments, and tying this all in to how it affects our clients. We make countless phone calls to proactively build relationships with key stakeholders in the community. Through our countless efforts we can offer deep and meaningful insight that is executable. CONTENTS KING COUNTY North Seattle Sales Core King County Sales Eastside Sales South Seattle Sales West Seattle Sales South King County Sales King County Commercial Sales Erich Bubbel erich@tfgre.com Since joining the Foundation Group as an Investment Real Estate Advisor, Erich has spent the past several years analyzing the King, Pierce and Snohomish county markets, developing strong relationships with buyers and sellers, and perfecting the art of contract negotiation. His BA in Marketing from New Mexico State University allows him to be adept at finding the unique qualities in a property that a seller can capitalize on to produce the maximum price potential, recognize any inefficiencies of a multi-family investment and develop a plan to increase returns for the long term. Erich enjoys the challenge of searching out properties with the right qualities for a buyer s specific needs. From the initial meeting, Erich works with the client to produce a feasible plan that will achieve their financial goals by providing honest advise about their current investments and visions for the future. Nate Kiger nate@tfgre.com Nate is an associate advisor at the Foundation Group. As a new broker Nate brings extensive financial, real estate, and planning expertise to provide advice to better achieve higher price points for clients. His BA in Legal Studies allows him to excel in advocating for value-add deals on behalf of clients. Nate is an analyst and treats every deal as if he was handling his own investment property. KING COUNTY INTRODUCTION WHO WE ARE 2621 Eastlake Ave E Seattle, WA

3 Google th Ave NE NORTH KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Multi-family Sales // Residential 2- Unit Rentals- North King Property Address Sale Price Sale Date Year Built # Units 91 N 163rd St $687,000 10// % $33,500 $ N 97th St $70,000 10/26/ % $370,000 $ Greenwood Ave N $965,000 10/30/ % $321,666 $ NE 95th St $799,950 10/31/ % $399,975 $ NW 100th Pl $820,000 11/13/ % $10,000 $ th Ave NE $660,000 11/19/ % $330,000 $ NE Meadow Pl $675,000 11/26/ $337,500 $ N 97th St $825,000 12/26/ % $12,500 $ Northgate.25% $366k $ Shoreline 91 N 163rd St 1023 Greenwood Ave N North Seattle 30 NW 100th Pl 1506 N 97th St 901 N 97th St 2823 NE Meadow Pl Lake Forest Park Northgate 3836 NE 95th St Approximate route of future light rail extension NORTH KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS 2 Ballard 3

4 302 NW 8th St th Ave NW CORE KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Multi-family Sales // Residential 2- Unit Rentals- Core King Property Address Sale Price Sale Date Year Built # Units 319 Malden Ave E $1,300,000 10/2/ % $33,333 $ Fremont Ave $895,000 10/17/ % $298,333 $ NE Ravenna Blvd $1,200,000 10/18/ % $600,000 $ Sand Point Pl NE $1,772,000 10/22/ % $590,666 $ E Jefferson St $1,225,000 10/25/ % $08,333 $ Burke Ave N $1,100,000 10/26/ $550,000 $ nd Ave W $1,300,000 11/5/ % $33,333 $ NW 8th St $870,000 11/26/ % $35,000 $ th Ave NW $875,000 11/30/ % $37,500 $ rd Ave W $1,175,000 12// % $391,667 $ th Ave E $1,150,000 12/11/ $575,000 $ th Ave NE $1,525,000 12/21/ % $508,333 $ % $72k $ rd Ave W Magnolia nd Ave W Ballard 38 Fremont Ave 351 Burke Ave N Queen Anne Seattle 182 NE Ravenna Blvd University District 1015 E Jefferson St Approximate route of future light rail extension Capitol Hill th Ave E 319 Malden Ave E Approximate route of existing light rail line 5030 Sand Point Pl NE 501 th Ave NE CORE KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Google 5

5 11031 Woodinville DR EASTSIDE - KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Multi-family Sales // Residential 2- Unit Rentals- Eastside Property Address Sale Price Sale Date Year Built # Units 131 NE 7th Pl $1,600,000 10/3/ % $00,000 $ NE 6th Pl $1,606,000 10/5/ % $01,500 $ NE 6th Pl $1,590,000 10/6/ % $397,500 $ $750,000 10/6/ % $375,000 $ NE 6th Pl $1,585,000 10/8/ % $396,250 $ NE 8th St $950,000 10/20/ % $237,500 $ Woodinville Dr $1,110,000 11/12/ % $277,500 $ Index Ave NE $35,000 11/30/ % $217,500 $ SE Donnelly Ln Construction on Facebook s 678,000 SF Building X expected to begin in June Kirkland 1509 NE 6th Pl Redmond Approximate route of future light rail extension Woodinville Dr 131 NE 7th Pl 1521 NE 6th Pl 1513 NE 6th Pl Bellevue 1509 NE 6th Pl.68% $338k $ SE Donnelly Ln Approximate route of existing light rail line Kirkland waterfront 30 SE Donnelly Ln 152 Index Ave NE 131 NE 7th Pl 2920 NE 8th St 6 Google EASTSIDE - KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Approximate route of future light rail extension 7

6 th Ave S KING COUNTY - SOUTH SEATTLE MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Multi-family Sales // Residential 2- Unit- South Seattle Property Address Sale Price Sale Date Year Built # Units 833 Wabash Ave S $900,000 10/3/ % $300,000 $ th Ave S $37,500 10/8/ % $187,250 $ th Ave S $1,017,500 10/11/ n/a $339,167 $306 n/a th Ave S $285,000 10/18/ n/a $12,500 $119 n/a 303 S 10th St $625,000 11/9/ % $312,500 $ th Ave S $670,000 11/27/ n/a $391,667 $392 n/a 2717 S 125th St $350,000 12/28/ % $175,000 $ Three Tree Point in Burien at sunset 6.00% $26k $ White Center 303 S 10th St Burien th Ave S Beacon Hill 833 Wabash Ave S Approximate route of existing light rail line 2717 S 125th St th Ave S th Ave S Mercer Island Renton th Ave S 833 Wabash Ave S 2717 S 125th St 303 S 10th St KING COUNTY - SOUTH SEATTLE MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS 8 Google 9

7 WEST SEATTLE - KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS 10 Multi-family Sales // Residential 2- Unit Rentals- West Seattle Property Address Sale Price Sale Date Year Built # Units th Ave SW $836,000 10/6/ % $18,000 $ SW Henderson St $72,000 10/19/ % $27,333 $ Beach Dr SW $920,000 11/20/ % $60,000 $ SW Lander St $916,000 11/30/ % $305,333 $ Beach Dr SW $1,67,500 12// % $733,750 $ SW Edmunds St $827,870 12/10/ n/a $19,935 $319 n/a Aerial view of West Seattle 3.61% $31k $ th Ave SW 3318 Beach Dr SW 511 SW Lander St 3800 Beach Dr SW West Seattle 21 SW Edmunds St Delridge 160 SW Henderson St Google 160 SW Henderson St 3800 Beach Dr SW 3318 Beach Dr SW th Ave SW WEST SEATTLE - KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS 11

8 Google SOUTH KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Multi-family Sales // Residential 2- Unit Rentals- South King Property Address Sale Price Sale Date Year Built # Units 313 C Ct SE $5,000 10/1/ % $222,500 $ S 310th Place $25,000 10/2/ % $212,500 $ M St NE $10,000 10/3/ % $205,000 $ nd St NE $70,000 10/18/ % $235,000 $ nd Place S $60,000 10/31/ % $230,000 $ Laukala Place $579,950 11/1/ % $1,987 $ rd Ave N $05,000 11/8/ % $205,000 $ th Ave S $615,000 11/9/ % $153,750 $ T St SE $750,000 11/21/ n/a $187,500 $18 n/a 2330 I St NE $538,000 11/28/ % $13,500 $ Charwila Ln $585,000 11/29/ % $16,250 $ D Place SE $579,000 12/13/ % $1,750 $ I St NE $575,000 12/21/ % $13,750 $ % $182k $ Approximate route of future light rail extension Sea Tac th Ave S 819 S 310th Pl Federal Way nd Pl S Renton Approximate route of existing light rail line 838 3rd Ave N Kent 2330 I St NE 2250 I St NE 2217 M St NE nd St NE Auburn 305 T St SE 313 C Ct SE 838 3rd Ave N 819 S 310th Pl 305 T St SE SOUTH KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS 220 Charwila Ln 381 D Place SE D Pl SE 2612 Laukala Pl 13

9 Shoreline Bothell Mosaic on Greenwood Spring Lake Multi-family Sales // Commercial KING COUNTY MULTI-FAMILY SALES :: COMMERCIAL Sale Price Sale Date Year Built # Units $ Per Sq Ft 5502 Lake Washington Blvd Ne $85,500,000 10/2/ $652,672 $85 Alaire 510 Stevens Ave SW $97,500,000 10// % $273,109 $25 The Woodlands 3626 SE Swenson Dr $0,000,000 10/5/ $00,000 $280 Dravus W Dravus St $1,00,000 10/9/ % $280,000 $22 Adamson 900 E Prospect St $5,50,000 10/11/ % $259,52 $ Harbor Vista rd Ave W $,500,000 10/19/ % $300,000 $ Property Name Property Address Avalon Kirkland Avalon Kirkland Dravus 65 Alaire Harbor Vista Adamson Bellevue Seattle West Seattle 6 The Woodlands Harbor Vista Issaquah Burien Manor st Ave S West Seattle Fauntleroy Way SW $1,857,000 11/5/ % $309,500 $ Cascade th Ave SE $1,260,000 11/12/ % $157,500 $ Mosaic on Greenwood 1353 Greenwood Ave N $9,050,000 11/15/ % $27,22 $ Trellis 2120 SW 352nd St $27,00,000 11/20/ % $26,87 $ Spring Lake th Ave NE $1,950,000 11/29/ % $216,667 $38 $3,000,000 10/25/ % $150,000 $ Burien Manor Urban Vision s S development 1.2M SF of office and retail space to start construction as early as Alaire Sea Tac Cascade Cascade Country Squire Country Squire SE 200th St.19% $2,060,000 12/2/18 $28k % $328 $171,667 $191 Kent Mosaic on Greenwood Trellis 1 KING COUNTY MULTI-FAMILY SALES :: RESIDENTIAL 2- UNIT RENTALS Redmond Auburn Google 15

10 References Northwest Multiple Listing Service Commercial Brokers Association Seattle Times Urban Visions Seattle Real Estate U.S. Census Bureau Puget Sound Business Journal For More Information Please Contact: Erich Bubbel Nate Kiger Eastlake Ave E Seattle, WA 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.