Rare Development Opportunity next to Future Light-Rail in the University of Washington Seattle area for 2240-300 Units with commercial Retail Space on Ground Floor. Projected Rents for the Apartments is $5/ft and $38/ft for commercial Zoning will allow the Following mix-use:

Student Housing, Apartments or condos. Hotel (Extended Stay)
Commercial Space: RETAIL

The value for this property is project to Triple within the next 5-7 years because of proximity to future Light-Rail, University of Washington, Downtown Seattle and Hospitals.

The property currently has existing assets with some income. 50% occupancy. The other two commercial units are left vacant to facilitate the sale. Other tenants are month-month

Joint Ventures are Welcome and Terms can be negotiated. We will also build to suit and manage if Buyer prefers.

Call or email for more information.

Posted Apr 29, 2016

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