wildwood 11 units everett presented by€¦ · wildwood 11 units everett presented by capstone...

Wildwood 11 Units Everett Presented by

Capstone Commercial NW

9925 4th Ave West, Everett, WA 98204

For more listing information visit:

Property Details

Wildwood 11 Units Everett

For more listing information visit:http://www.crelisting.net/Pjn20A30w/?StepID=107


http://www.crelisting.net/Pjn20A30w/?StepID=107

11 Unit Building, Situated on Everett Mall way, Covered parking, rents presently below market,plenty ofroom for increases to income,Value add opportunity,self managed building,owner retiring,ownercontract terms only,50% of units updated,leased laundry,add to units for increased rents easyconversion,Vinyl siding on 50% of bldg/50%wood installed 10yrs,double pane windows,11 storage unitsfor add income,implement utility bill back reduce exp,future appreciation, close to I-5,30 min to Seattle.

Price: $1,295,000

Owner Finance Terms

Minutes to I-5

Appreciating area

Room for rental increases

coin operated laundry

View the full listing here: http://www.crelisting.net/Pjn20A30w/?StepID=107

Price: $1,295,000

No. Units: 11

Building Size: 11,479 SF

Price/Unit: $117,727.27

Property Type: Multifamily

Property Sub-type: Mid/High-Rise

Property Use Type: Investment

Commission Split: 2%

Cap Rate: 6%

No. Stories: 2

Financial SummaryAnalysisType Actual

Scheduled Gross Income $91,620

Operating Expenses $22,763

Net Operating Income $68,857

Financials, Debt and Unit Mix






Unit/Room Mix Information

Description No. Units Avg. Mo. Rent Sq. Ft.1 bed/1 bath 8 $800 800

2 bed/1 bath 1 $900 1,000

2 bed/2 bath 2 $900 1,000

Debt & Equity InformationDebt Type Proposed

Loan Amount $912,000

Interest Rate 4%

Amortized Over 30

Due In 10

Loan Description Owner finance terms only


Location DescriptionEverett will create a new community where peoplecan live, work, shop, relax and find entertainment.The project includes 15 new public gatheringspaces, up to 660 housing units, two waterfronthotels, at least 10 fine and casual diningrestaurants, and 662,000 sq. ft. of commercial,retail and marine sales and services. The projectbrings $33 million in public infrastructure fundedby the Port' s capital improvement plan, plusimmediate opportunities for private developersanticipated at $330 million. At full build out, theproject will support more than 2,000 jobs and $8.6million in new tax revenue for the city. Home to theEverett Boeing Plant and related Aerospacesubcontractors along with High Technology theeconomy is thriving! Paine Filed Airport is locatedin Everett with future commercial use. The Boeingplant is expanding the new Robotics facility whichwill add 262 million cubic feet by the end of 2015and thousands of jobs. Located 25 miles north ofSeattle on tranquil Port Gardner Bay, Everett,Washington is equal parts charming coastal hamletand thriving commercial hub. Everett enjoys one ofthe most enviable locales in the Pacific Northwest.

Location






Property Photos






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Jun 15 vs. 3 mo.prior

Y-O-Y

State $86,758 +7.8% +13.5%

Metro $139,479 +24.8% +33.2%

Market Trends






Demographics

Population 1-mi. 3-mi. 5-mi.

2013 Male Population 11,909 58,311 121,010

2013 Female Population 11,441 58,559 122,049

% 2013 Male Population 51.00% 49.89% 49.79%

% 2013 Female Population 49.00% 50.11% 50.21%

2013 Total Population: Adult 17,325 87,879 183,471

2013 Total Daytime Population 17,813 112,481 206,566

2013 Total Employees 5,726 50,901 80,171

2013 Total Population: Median Age 31 33 35

2013 Total Population: Adult Median Age 40 43 44

2013 Total population: Under 5 years 2,048 9,360 17,756

2013 Total population: 5 to 9 years 1,698 7,928 16,304
















Demographics

Population (Cont.) 1-mi. 3-mi. 5-mi.

2013 Total population: 60 to 64 years 784 5,106 11,910





2013 Total population: 85 years and over 238 1,640 3,261

% 2013 Total population: Under 5 years 8.77% 8.01% 7.31%

% 2013 Total population: 5 to 9 years 7.27% 6.78% 6.71%



















Demographics




% 2013 Total population: 85 years and over 1.02% 1.40% 1.34%

2013 White alone 14,961 81,090 173,389

2013 Black or African American alone 1,180 5,234 8,923

2013 American Indian and Alaska Native alone 253 1,216 2,128

2013 Asian alone 2,725 13,342 33,002

2013 Native Hawaiian and OPI alone 201 782 1,251

2013 Some Other Race alone 2,634 8,616 11,673

2013 Two or More Races alone 1,396 6,590 12,693

2013 Hispanic 5,646 18,483 27,298

2013 Not Hispanic 17,704 98,387 215,761

% 2013 White alone 64.07% 69.38% 71.34%

% 2013 Black or African American alone 5.05% 4.48% 3.67%

% 2013 American Indian and Alaska Native alone 1.08% 1.04% 0.88%

% 2013 Asian alone 11.67% 11.42% 13.58%

% 2013 Native Hawaiian and OPI alone 0.86% 0.67% 0.51%

% 2013 Some Other Race alone 11.28% 7.37% 4.80%

% 2013 Two or More Races alone 5.98% 5.64% 5.22%

% 2013 Hispanic 24.18% 15.82% 11.23%

% 2013 Not Hispanic 75.82% 84.18% 88.77%






Demographics


2000 Not Hispanic: White alone 13,018 70,458 149,600

2000 Not Hispanic: Black or African American alone 713 2,913 4,462

2000 Not Hispanic: American Indian and Alaska Native alone 219 1,026 1,764

2000 Not Hispanic: Asian alone 1,744 7,116 16,264

2000 Not Hispanic: Native Hawaiian and OPI alone 79 339 591

2000 Not Hispanic: Some Other Race alone 38 189 368

2000 Not Hispanic: Two or More Races 715 3,296 6,331

% 2000 Not Hispanic: White alone 70.95% 76.70% 78.83%

% 2000 Not Hispanic: Black or African American alone 3.89% 3.17% 2.35%

% 2000 Not Hispanic: American Indian and Alaska Native alone 1.19% 1.12% 0.93%

% 2000 Not Hispanic: Asian alone 9.50% 7.75% 8.57%

% 2000 Not Hispanic: Native Hawaiian and OPI alone 0.43% 0.37% 0.31%

% 2000 Not Hispanic: Some Other Race alone 0.21% 0.21% 0.19%

% 2000 Not Hispanic: Two or More Races 3.90% 3.59% 3.34%

Population Change 1-mi. 3-mi. 5-mi.

Total: Employees (NAICS) n/a n/a n/a

Total: Establishements (NAICS) n/a n/a n/a






Demographics

Population Change (Cont.) 1-mi. 3-mi. 5-mi.

2013 Total Population 23,350 116,870 243,059

2013 Households 8,719 44,008 90,023

Population Change 2010-2013 870 4,810 10,408

Household Change 2010-2013 -7 104 547

% Population Change 2010-2013 3.87% 4.29% 4.47%

% Household Change 2010-2013 -0.08% 0.24% 0.61%

Population Change 2000-2013 5,001 25,007 53,277

Household Change 2000-2013 1,515 7,916 17,223

% Population Change 2000 to 2013 27.25% 27.22% 28.07%

% Household Change 2000 to 2013 21.03% 21.93% 23.66%

Housing 1-mi. 3-mi. 5-mi.

2000 Housing Units 7,753 38,162 76,532

2000 Occupied Housing Units 7,205 36,092 72,802

2000 Owner Occupied Housing Units 2,756 18,655 43,426

2000 Renter Occupied Housing Units 4,449 17,437 29,376

2000 Vacant Housings Units 549 2,070 3,732

% 2000 Occupied Housing Units 92.93% 94.58% 95.13%






Demographics

Housing (Cont.) 1-mi. 3-mi. 5-mi.

% 2000 Owner occupied housing units 38.25% 51.69% 59.65%

% 2000 Renter occupied housing units 61.75% 48.31% 40.35%

% 2000 Vacant housing units 7.08% 5.42% 4.88%

Income 1-mi. 3-mi. 5-mi.

2013 Household Income: Median $47,990 $55,440 $66,211

2013 Household Income: Average $55,526 $65,791 $78,428

2013 Per Capita Income $20,859 $24,918 $29,204

2013 Household income: Less than $10,000 476 2,667 4,322

2013 Household income: $10,000 to $14,999 546 1,793 2,753









2013 Household income: $60,000 to $74,999 1,255 5,290 10,105

2013 Household income: $75,000 to $99,999 1,011 6,548 13,935









Demographics

Income (Cont.) 1-mi. 3-mi. 5-mi.

2013 Household income: $200,000 or more 43 706 3,560

% 2013 Household income: Less than $10,000 5.46% 6.06% 4.80%

% 2013 Household income: $10,000 to $14,999 6.26% 4.07% 3.06%














% 2013 Household income: $200,000 or more 0.49% 1.60% 3.95%

Retail Sales Volume 1-mi. 3-mi. 5-mi.

2013 Childrens/Infants clothing stores $2,734,858 $13,327,973 $26,763,299

2013 Jewelry stores $1,562,176 $7,175,938 $15,359,807

2013 Mens clothing stores $2,236,715 $12,225,438 $24,818,962

2013 Shoe stores $2,406,192 $11,790,480 $25,595,718






Demographics

Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi.

2013 Womens clothing stores $4,302,654 $21,862,057 $44,715,123

2013 Automobile dealers $33,826,130 $163,769,736 $321,327,692

2013 Automotive parts and accessories stores $7,378,914 $35,554,798 $70,091,992

2013 Other motor vehicle dealers $1,477,062 $8,334,338 $16,411,719

2013 Tire dealers $3,430,785 $16,475,798 $32,675,318

2013 Hardware stores $38,705 $238,899 $485,311

2013 Home centers $628,137 $3,180,963 $6,083,269

2013 Nursery and garden centers $833,312 $4,063,946 $7,843,561

2013 Outdoor power equipment stores $1,006,323 $3,731,255 $8,101,791

2013 Paint andwallpaper stores $49,133 $241,323 $547,881

2013 Appliance, television, and other electronics stores $4,663,358 $24,450,490 $49,228,815

2013 Camera andphotographic supplies stores $514,743 $2,294,179 $4,906,889

2013 Computer andsoftware stores $11,204,680 $55,562,898 $113,504,145

2013 Beer, wine, and liquor stores $1,731,245 $8,598,395 $18,190,029

2013 Convenience stores $8,663,252 $43,834,232 $90,457,094

2013 Restaurant Expenditures $9,418,248 $46,325,101 $95,481,021

2013 Supermarkets and other grocery (except convenience) stores $33,010,085 $157,662,283 $324,430,386

2013 Furniture stores $3,931,704 $17,960,853 $34,874,961

2013 Home furnishings stores $8,037,759 $41,458,393 $81,739,848

2013 General merchandise stores $43,683,549 $215,781,667 $438,562,922

2013 Gasoline stations with convenience stores $28,076,602 $137,815,861 $279,232,890






Demographics

Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi.

2013 Other gasoline stations $20,395,238 $99,036,693 $198,908,840

2013 Department stores (excl leased depts) $42,121,372 $208,605,728 $423,203,113

2013 General merchandise stores $43,683,549 $215,781,667 $438,562,922

2013 Other health and personal care stores $3,141,728 $14,968,545 $30,641,618

2013 Pharmacies and drug stores $9,201,039 $44,494,316 $92,471,032

2013 Pet and pet supplies stores $2,476,539 $12,228,063 $25,555,318

2013 Book, periodical, and music stores $766,348 $3,817,661 $7,607,318

2013 Hobby, toy, and game stores $815,006 $4,266,085 $8,409,895

2013 Musical instrument and supplies stores $230,545 $767,717 $2,095,410

2013 Sewing, needlework, and piece goods stores $459,252 $2,194,708 $4,256,781

2013 Sporting goods stores $743,945 $4,004,558 $7,730,831





wildwood 11 units everett presented by€¦ · wildwood 11 units everett presented by capstone...

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