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8th & THOMAS PARCEL D

8th & THOMAS

8th & THOMAS PARCELS A, B & C

DEVELOPMENT OPPORTUNITY

URBAN POSSIBILITIES

A 2 5 , 200 s q u a r e foot de ve lopme nt opportuni ty a va i l a bl e for purch a se or j o i nt ventu re.

P R E S E N T E D E X C L U S I V E LY B Y PAC I F I C R E A L E S TAT E PA RT N E R S , I N C . S T E V E S C H WA RT Z

JJ SHEPHARD

(425) 974-4005

(425) 974-4031 j j . s h e p h a r d @p a c i fi c - r e . c o m

s t e v e . s c h w a r t z @ p a c i fi c - r e . c o m


8th & Thomas is located in Seattle’s South Lake Union Neighborhood, one of the biggest urban redevelopments in the country. Close proximity to both downtown Seattle and to the lively, emerging waterfront neighborhood makes 8th & Thomas a unique investment opportunity. Existing zoning for residential or commercial uses and strong demographics offer unlimited potential in one of the nation’s strongest economic and real estate markets.

INVESTMENT HIGHLIGHTS Parcel No.

Dimensions

SQ FT

Current Zoning

PARCEL A

199120-1080

60’ x 120’

7,200

SM-85

PARCEL B

199120-1085

60’ x 120’

7,200

SM-85

PARCEL C

199120-1095

60’ x 120’

7,200

SM-85

PARCEL D

199120-1400

30’ x 120’

3,600

SM-85

25,200

2,000,000 SF 1,965,773

2004 - 2007 1,800,000

PHASE 1 GROWTH PROJECTIONS GROWTH ACTUALS

1,600,000 1,400,000 1,200,000

1,525,967

1,000,000

833,200

600,000

119,865

400,000 200,000 0

Biotech

Office

173,059

707,800

800,000 702,799

» Premier location in Seattle’s emerging South Lake Union (SLU) neighborhood - Blocks to downtown Seattle - Easy access to I-5, I-90 or Highway 99 - Walking distance to lively workplaces, shops, restaurants, schools, parks, entertainment and recreation » SLU is hub to accomplished organizations, including University of Washington, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance, Microsoft, Vulcan (Paul Allen’s development company), ZymoGenetics, Children’s Hospital » Serviced by Seattle’s new Streetcar line that travels from Fairview Avenue in SLU to the heart of downtown in Westlake Center » Corner location » Alley access

GROWTH PROJECTION

1,382,080

PROPERTY HIGHLIGHTS

Retail/Hotel

Residential


2

1

VE

N

U

E

L A K E U N IO N

VI IR

N 5th Avenue

FA

ST

N

LA

South Lake Union Park

KE AV

8th & Thomas Properties

WE

N 4th Avenue

N

EW

A

LEGEND

EN

7

UE

HOTELS

VA L L E Y S T R E E T

SCHOOLS

SOUTH LAKE UNION

1

Fred Hutchinson Cancer Research Center

2

Kenmore Air

3

King 5

4

Pan Pacific Hotel

5

Pemco

6

R.E.I.

7

Seattle Cancer Care Alliance

8

Space Needle

9

Targeted Genetics

MERCER STREET

N FA I R V I E W AV E N U E

JOHN STREET

Denny Park

5 6

E E A S T L A K E AV E N U E

5

THOMAS STREET

N YA L E A V E N U E

N B O R E N AV E N U E

N T E R R Y AV E

HARRISON STREET

N P O I N T I U S AV E N U E

3

REPUBLICAN STREET

N M I N O R AV E N U E

8

N W E S T L A K E AV E N U E

SOUTH LAKE UNION STREETCAR

BR

O

A

N 6 T H AV E N U E

D

ST

RE

ET

Seattle Center

N 9 T H AV E

99

N 8 T H AV E N U E

N D E X T E R AV E N U E

U R B A10 N C E N T E R

5

D E N N Y W AY

ET RE ST

ET

Y

RE

LA

RE

ED

BO 9T

8T

RE

ET

6T 5T

ET

H

A

4T

H

A

A

V

V

H

A

V

H

A

V

RE

N A

A

V

E

RE ST

V

E

ET RE

IN G

ST

E

RT

V

A

A

VE

VE

VE

2 I

VE

W

AY

Westlake Center

NE

ST

RE

ET

S E AT T L E CBD PI

PI

KE

ST

RE

ET

Washington State Convention Center

ST

EW

A

A

Y

R

9

E

IR

T

RR

E

A

E

E

IA

A

V

1S

D

V

N

O

E

ET

O N LE

2N

TE A

OL D

RA

ST

BL

3R

V

H

RE

IN

E

ET

C

H

A

RD

ST

BE

RE

LL

Parcel C 199120-1095 7,200 SF

7T

Parcel D 199120-1400 3,600 SF ST

W

A

LL

ST

V

Parcel B 199120-1085 7,200 SF

H

RE

IN

ET

E

ST

C

ET

A

R

ST

C

Parcel A 199120-1080 7,200 SF

M

NUE K E AV E

11 Whole Foods Market

11

WESTLA

10 UW Research Lab

4

UN

DEMOGRAPHIC PROFILE 3 Mile Radius

5 Mile Radius

Estimated Population

42,946

185,548

367,644

Average Household Income

$57,565

$67,862

$71,749

37.0

36.9

37.4

Household Income Over $75,000

23.9%

31.5%

36.2%

Total Housing Units

33,074

108,986

195,883

Professional, Management and Sales Occupations

77.6%

77.2%

76.3%

$610,000,000

$2,272,000,000

$4,286,000,000

Bachelor’s Degree or Higher

54.6%

56.5%

56.7%

Home’s Valued Over $500,000

47.9%

24.9%

15.8%

Total Retail Expenditure

N

ST

MARKET PROJECTIONS

1 Mile Radius

Median Age

IO

*Data is as of the 2007 Census estimates, except for “Professional, Management and Sales Occupations” and “Homes valued over $500,000”, which are based on the 2000 Census Data.

» Amazon has agreed to lease up to 1.6 million SF in up to 11 new buildings to be constructed in SLU, bringing up to 6,000 Amazon employees to the area over the next 5 years » Approximately 1.5 million SF of new biotech space » Nearly 4.4 million SF of new space will be built by next year in SLU neighborhood » Almost 7,000 jobs will be created » 1,850 residential units occupying nearly 2 million SF will be built in South Lake Union by 2008 » Microsoft has leased 126,000 SF in the Westlake Terry building » Fred Hutchinson’s master plan calls for it to build an additional 1.5 million SF in the neighborhood » The UW has an option to build an additional 365,000 SF


SE ATTLE C B D

E LLIO T T B AY

B E L LT O W N

8th & THOMAS

8th & THOMAS

PARCEL D

E N 9 T H AV E N U

XT

BR

ER

O

AD

ST

RE

ET

AV EN

N WES TLA

DE

MERCER STREET

N

K E AV ENU

E

PARCELS A, B & C

UE

99

N

Suquamish LA KE

W

ES

TL

AK

E

AV

EN

UE

Woodinville

Bothell

U N IO N

305

522

405

305

Kirkland

908

Redmond

513

5

520 520

Seattle

8th & THOMAS

99 90

P R E S E N T E D E X C L U S I V E LY B Y PAC I F I C R E A L E S TAT E PA RT N E R S , I N C . S T E V E S C H WA RT Z

JJ SHEPHARD

(425) 974-4005

(425) 974-4031 j j . s h e p h a r d @p a c i fi c - r e . c o m

s t e v e . s c h w a r t z @ p a c i fi c - r e . c o m

Bellevue

8th & Thomas Flyer  

Commercial real estate investment property flyer

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