12th & Jackson Square

1200 S. Jackson Street, Seattle, Washington 98144

Scott Clements

206.445.7664

206.793.1074

sclements@orioncp.com

P

C

E

David Butler

206.445.7665

425.890.7919

dbutler@orioncp.com

P

C

E

www.orioncp.com

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taBlE Of CONtENtS

The information contained herein was obtained from sources believed reliable, however, ORION Commercial Partners LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

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thE OffERINg

ORION Commercial Partners is excited to offer for sale the 12th & Jackson Square located at the upper edge of the International District, also known as “little Saigon”, in Seattle, WA.

The 12th & Jackson Square is primed for redevelopment with favorable zoning DMRC (Downtown Mixed Residential/Commercial) with height limits ranging from 65-85 feet.

This part of the International District has not seen significant redevelopment yet with many properties in the area being well beyond their economic useful life. Recently, the International District has began to regentrify with several projects planned in the area.

The 12th & Jackson Square is virtually 100% leased to a variety of small businesses on short term leases. This allows the investor plenty of flexibility to maintain and/or improve upon the existing structures to increase cash flow as an alternative to redevelopment. Current financial information can be made available upon request.

The 12th & Jackson Square is priced at $6,500,000. In addition, 12th & Main Plaza can also be purchased for a combined price of $9,500,000.

This investment opportunity provides strong traffic counts and demographics, close proximity to downtown Seattle, the major hospitals, Seattle University and SODO. With the streetcar 1/2 block away, the site has a walking score of 92 and a Transit Score of 100.

INvEStmENt hIghlIghtS

Offering Price $6,500,000

Total Land Area 23,108 SF

Total Building Area 12,835 SF

Price Per Square Foot $281.29

Zoning DMRC 65/85

Current Financials Available Upon Request

INvEStmENt hIghlIghtS:SummaRy

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DMRC Zoning

The DMRC (Downtown Mixed Residential/Commercial) Zoning allows for redevelopment from 65’-85’ in height, which is perfectly suited for the influx of population the city is currently experiencing.

Strategic Location - 12th & Jackson Square

12th & Jackson Square, built in 1985, is strategically located and situated in between S. Jackson, 12th Ave S. and S. Main St. with a combined traffic count of over 83,700 vehicles per day.

Strong Demographics

Located in Seattle’s International District (The ID), there are over 43,353 people living within 1 mile of the subject properties and over 186,516 people within a 3 mile radius. Additionally, this property falls within two major commuter arteries: I-5 and Rainier Ave S.

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SUBJECT PROPERTY

1200 S Jackson St.

INTERNATIONAL DISTRICT

SEATTLE CBD

PUGET SOUND / ELLIOT BAY

CENTRAL DISTRICT

FIRST HILL

RAINIER AVE S

BOREN AVE S

S JA

CK

SON

ST

159,192 VPD

king Street Station

Elementary School

YESLER TERRACE

N

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PaRCEl maP

N42,267 V

PD 19

,788

VP

D

SUBJECT PROPERTY1200 S. Jackson St.

23,108 SF Land13,835 SF Building

159,192 VPD

21,664 VPD

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aBOut SEattlEVery large companies dominate the business landscape in the “Emerald City”. Four

companies on the 2013 Fortune 500 list of the United States’ largest companies,

based on total revenue, are headquartered in Seattle: Internet retailer Amazon.com

(#49), coffee chain Starbucks (#208), department store Nordstrom (#227), and

freight forwarder Expeditors International of Washington (#428). Other Fortune

500 companies popularly associated with Seattle are based in nearby Puget

Sound cities. Boeing (#30), has large aircraft manufacturing plants in Everett and

Renton, which makes it the largest private employer in the Seattle metropolitan

area. Warehouse club chain Costco (#22), the largest retail company in Washington,

is based in Issaquah. Microsoft (#35) is located in Redmond. Weyerhaeuser, the

forest products company (#363), is based in Federal Way. Finally, Bellevue is

home to truck manufacturer Paccar (#168). Other major companies in the area

include Nintendo of America in Redmond, T-Mobile US in Bellevue, Expedia Inc. in

Bellevue and Providence Health & Services — the state’s largest health care system

and fifth largest employer — in Renton. The city has a reputation for heavy coffee

consumption; coffee companies founded or based in Seattle include Starbucks,

Seattle’s Best Coffee, and Tully’s. There are also many successful independent

artisanal espresso roasters and cafés.

The “Emerald City” is extremely multicultural and is influenced by the Pacific Rim in

art and architecture. The city offers residents a pace of life that can be either relaxed

or fast paced and entrepreneurial.

Seattle, Washington is a coastal seaport city in King County. With an estimated

662,400 residents as of 2015, Seattle is the largest city in both the State of

Washington and the Pacific Northwest region of North America. As of July 2013

it is the fastest-growing major city in the United States,and remained in the top

five in May 2015 with an annual growth rate of 2.1%. The Seattle metropolitan area

of around 3.6 million inhabitants is the 15th largest metropolitan area in the United

States. The city is situated on a narrow isthmus between Puget Sound and Lake

Washington, about 100 miles (160 km) south of the Canada–United States border.

Seattle is the region’s commercial and transportation hub and the center of

manufacturing, trade, and finance. The Port of Seattle, which also operates Seattle–

Tacoma International Airport, is a major gateway for trade with Asia and cruises to

Alaska, and is the 8th largest port in the United States in terms of container capacity.

Its important diversified industries include aircraft, lumber and forest products,

fishing, high technology, food processing, boat building, machinery, fabricated

metals, chemicals, pharmaceuticals, and apparel.

The city’s gross metropolitan product was $231 billion in 2010, making it the 11th

largest metropolitan economy in the United States. Though it was also affected by

the recession, Seattle has retained a comparatively strong economy, and remains a

hotbed for start-up businesses, especially in green building and clean technologies:

it was ranked as America’s No. 1 “smarter city” based on its government policies and

green economy.

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DEmOgRaPhICS

Left: One of Seattle’s oldest neighborhoods, the International District (or simply The I.D.) thrives

with an array of flavorful Asian cuisines, myriad shops selling everything from fresh fish to traditional

herbs, and cool cultural festivals throughout the year.

Radius 1 Mile 3 Mile 5 MilePopulation:

2021 Projection 47,715 204,897 448,654

2016 Estimate 43,659 186,451 410,985

2010 Census 38,821 161,297 366,929

Growth 2016-2021 9.29% 9.89% 9.17%

Growth 2010-2016 12.46% 15.59% 12.01%

2016 Population Hispanic Origin 4,263 13,726 26,440

2016 Population by Race:

White 23,496 123,807 279,819

Black 8,105 21,840 38,004

Am. Indian & Alaskan 763 2,142 3,686

Asian 8,917 29,025 67,900

Hawaiian & Pacific Island 213 630 1,622

Other 2,165 9,007 19,955

U.S. Armed Forces 93 330 930

Radius 1 Mile 3 Mile 5 MileHouseholds:

2021 Projection 23,554 110,287 212,851

2016 Estimate 21,508 100,366 194,847

2010 Census 19,047 87,278 174,786

Growth 2016 - 2021 9.51% 9.88% 9.24%

Growth 2010 - 2016 12.92% 15.00% 11.48%

Owner Occupied 5,046 32,424 80,042

Renter Occupied 16,462 67,942 114,804

2016 Avg Household Income $62,398 $85,826 $93,656

2016 Med Household Income $40,453 $57,257 $63,877

2016 Households by Household Inc:

Less than $25,000 7,499 24,234 41,513

$25,000 - $50,000 4,932 20,500 38,309

$50,000 - $75,000 2,832 14,789 28,760

$75,000 - $100,000 2,226 11,742 22,317

$100,000 - $125,000 1,510 8,638 17,148

$125,000 - $150,000 655 4,994 10,765

$150,000 - $200,000 976 6,237 14,870

$200,000+ 879 9,234 21,164

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DEmOgRaPhICS

DEmOgRaPhIC RINg - 1, 3, 5 mIlES

1 Mile

3 Miles

5 Miles