720 Broadway, Seattle, WA 98122

OFFER DATE ANNOUNCED: April 4, 2018

Investor or Owner/User Opportunity in the Heart of First Hill’s Medical and Research Hub

INVESTMENT HIGHLIGHTS

- Rare Research Facility – 31,280 RSF of quality office and wet/dry lab space on First Hill, where there is currently 0% vacancy for lab facilities.
- Preferred Location – In the heart of the medical and research hub of First Hill, home to Harborview Medical Center, Swedish Medical Center, as well as Benaroya Research Institute, Theraclone Sciences, and CellNetix among others.
- Outstanding Highway Access – Easy access to I-5 & I-90.
- Close Proximity to Transit – Streetcar stops on block, 8 blocks from light rail station, and 6 bus stops within a 3-block radius.
- Strong Near-term Income in Place – Current owner/user will lease back the Property after sale, providing stable near-term income to investor.
- Unique Investment Opportunity – Property zoned for a variety of uses including multi-family, retail, office and medical offices. Property is within the Seattle University Major Institution Master Plan (MIMP) area.
- Established Medical Office Submarket – Extremely low vacancy in medical office product in First Hill/Capitol Hill submarket (0.6%) and stable medical office rents over the past a few years.
- Strong Regional Economic Outlook – The Seattle Metropolitan Statistical Area (MSA) added over 75,000 jobs in 2016, and 7.5% of the new jobs are healthcare occupations. The overall healthcare job growth for 2016-2021 is projected at 10.0% per year, according to U.S. Bureau of Labor Statistics forecasts.