4TH & BELL 5TH & JOHN

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1 314 BELL STREET, SEATTLE, WA HIGH RISE ZONING 124 & 130 5TH AVENUE NORTH, SEATTLE, WA MID RISE ZONING DOWNTOWN SEATTLE DEVELOPMENT SITES Elliott Bay DOWNTOWN SEATTLE BELLTOWN QUEEN ANNE SEATTLE CENTER DENNY PARK SOUTH LAKE UNION

2 The parcel fronts 4th Avenue as well as the Bell Street Park Promenade, which features wide sidewalks, seating areas and extensive landscaping. Zoning allows for a high rise development. The western facing residential levels will have spectacular views of Puget Sound and the Olympic Mountains. The current owners operate the site as a small commercial building and surface lot for short-term parking. SITE SUMMARY Lot Size 12,960 SF Address 314 Bell Street Seattle, WA Parcel No Frontage 4th and Bell Zoning DMR/C 240/125 4TH AVENUE BATTERY STREET 2 The site presents an excellent opportunity for development of a hotel or multifamily project. Zoning allows for 85-foot development. The site currently operates as a surface lot for short-term parking and also includes a 3,742 square-foot vacant office building. BROAD STREET JOHN STREET Current ownership has retained Ankrom Moisan Architects to conduct a feasibility study for residential use with the current zoning and the pending up-zone. Ankrom Moisan envisions a 98-unit project with units averaging 720 square feet under current zoning. Under the pending up-zone, Ankrom Moisan projects over 150 units. Please refer to Ankrom Moisan Architects feasibility study in CBRE s download center for more details. SITE SUMMARY Lot Size 13,560 SF per King County Tax Records Address 124 & 130 5th Avenue North Seattle, WA Parcel No & Frontage 5th Avenue North Zoning SM-85 Urban Village Overlay Uptown Urban Center

3 STELLAR LOCATIONS : BELLTOWN The 4th and Bell site commands a phenomenal Belltown location with prominent visibility at the center of an urban, high-amenity, pedestrian-friendly neighborhood with an explosion of new high-paying jobs. The Property is within walking distance of Pike Place Market, the waterfront, Seattle Center, South Lake Union, the central business and retail districts, numerous restaurants, cultural venues, nightlife and conveniences, as well as Amazon s new campus. Belltown is the epicenter of all of the city s best features and is one of the most walkable neighborhoods. The highest concentration of desirable restaurants and boutiques are spread throughout the neighborhood. Restaurant favorites include Umi Sake House, Queen City Grill, El Gaucho and the famous Edgewater Hotel, where the Beatles once stayed. : SOUTH LAKE UNION The 5th and John location, which is across the street from Seattle Center and virtually next door to The Gates Foundation, lies at the edge of the South Lake Union neighborhood and is unparalleled in terms of proximity to significant employment centers, urban activities, education facilities and modes of transportation. It also has become a preferred lifestyle location and highlyactivated pedestrian friendly neighborhood with numerous recreational amenities as well as eateries and entertainment. Significant retailers are just blocks away, including Whole Foods, West Elm and Ligne Roset. Numerous nearly restaurants include Cactus, Cuocu, Flying Fish, Crow, Serious Pie and Portage Bay Cafe, as well as several athletic facilities, including Orange Theory, Flow Fitness and Flywheel Sports. With the third highest population in Seattle by neighborhood, the number of housing units in Belltown has substantially increased over the last decade, increasing the vitality of the neighborhood and supporting local businesses. 3 LOCAL ATTRACTIONS Seattle Center and MoPOP Waterfront Pike Place Market Seattle Aquarium Great Wheel Retail Core MOHAI Denny Park Myrtle Edwards Park Olympic Sculpture Park Lake Union Park

4 NEW AMAZON HEADQUARTERS 3 towers + biodome 5 SEATTLE CBD Elliott Bay BELLTOWN DENNY PARK 4 SOUTH LAKE UNION SEATTLE CENTER FUTURE HIGHWAY 99 TUNNEL / NORTH PORTAL 99

5 DYNAMIC SEATTLE MARKET Seattle s multifamily markets continues to strengthen. The metro s economy is driven by the thriving technology and life sciences sectors. Tech giants such as Facebook, Microsoft, Apple, Google and Amazon are expanding their activity in the city, making Seattle an attractive livework-play environment and a top U.S. office market. Commercial development is expanding in the Puget Sound submarkets as young professionals are hired by major employers, placing these development sites at the epicenter of a thriving economy. 8.3% rent growth MSA and #3 in the nation 60,000 YOY job growth SURROUNDED BY SIGNIFICANT JOB GROWTH Both sites are surrounded by an explosion of high-paying job growth. Tenants are earning entry level salaries as high as $120,000, plus signing bonus. Tenants are from a wide range of employers, including Amazon, Microsoft, Facebook, and the University of Washington. A diverse employee population includes life science and global health researchers, software and fashion designers, advertising and marketing professionals, engineers, and architects. Expansions and new commercial development are announced on an almost weekly basis. The Seattle CBD currently includes approximately 60 million square feet of commercial space; another 12.7 million square feet is under construction or in planning for completion by The new space will provide capacity for adding over 72,000 employees to the downtown Seattle area (based on the industry standard 175 square feet per employee). 1 million additional residents in Puget Sound by % occupancy (Seattle MSA) 3.5% unemployment in Seattle 41,000 available jobs 25,000 in tech Less than 45 condos for sale downtown and 150 in all of Seattle $80,000 median household income in Seattle $ average RevPAR for upper-priced hotels in the CBD

6 CENTRAL TO EVERYTHING Both sites are a short distance from the downtown retail core, which is home to 1,500 retailers including department stores, national and international retailers, local boutiques, furniture galleries, designer shops, and specialty stores. The locations also provide a significant competitive advantage for access to transportation. The RapidRide bus, access to Seattle Street Car, Link Light Rail and Microsoft Connector buses are within blocks from the properties. All of these factors will become increasingly important as the downtown area continues to grow. With Walk Scores of 96 and Transit Scores of 99, the best of everything in Seattle is within easy reach. CBRE EXCLUSIVE AGENTS MULTIFAMILY JON HALLGRIMSON ELI HANACEK Executive Vice President Executive Vice President jon.hallgrimson@cbre.com eli.hanacek@cbre.com FRANK BOSL Senior Vice President frank.bosl@cbre.com OFFICE HOTEL TOM PEHL Senior Vice President tom.pehl@cbre.com CHRIS BURDETT Senior Vice President chris.burdett@cbre.com MATT BEHRENS Associate matthew.behrens@cbre.com For more information on 4th & Bell and 5th & John sites visit our website at: CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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.