to view Flyer. - CenturyPacific, LLLP
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to view Flyer. - CenturyPacific, LLLP
FOR SALE Contact Katherine Laird 206.757.8892 [email protected] ROOSEVELT URBAN VILLAGE Multi-Family Redevelopment Site Accepting Offers NC3/65 19,050 SF 6300 9th AVE NE Seattle, WA 98115 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 CenturyPacific, LLLP Steven L. Wood Managing Director Tel. 206 757 8891 [email protected] Katherine K. Laird Executive Vice President Tel. 206 757 8892 [email protected] Campbell Mathewson Executive Vice President Tel. 206 757 8893 [email protected] Michael E. Finch Vice President Tel. 206 757 8895 [email protected] Contact Katherine Laird 206.757.8892 [email protected] Page 1 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 PROPERTY OFFERING MEMORANDUM Dobrero, LLC, the owners of 6300 9th Avenue NE (the “Owners”), have engaged CenturyPacific, LLLP (“CenturyPacific”) as real estate advisor and agent, on an exclusive basis, in connection with a proposed Sale of the 19,050 SF property located at 6300 9th Avenue NE in Seattle (the “Property”). This Memorandum has been prepared based partly upon information furnished by the Owners, who have reviewed it and authorized its use for the purpose and in the manner described above. The Owners, CenturyPacific, shareholders, partners and affiliates make no representations or warranties with regard to the accuracy or completeness of the information contained herein. CenturyPacific has conducted a limited review of the information referenced in this Memorandum, but has not independently verified the accuracy or completeness thereof. CenturyPacific does not represent or warrant the accuracy or completeness of the information contained in this Memorandum. Nothing contained in this Memorandum should be construed as a representation by any person as to the future possibilities or performance of the Property. EACH POTENTIAL BUYER IS EXPECTED TO AND MUST CONDUCT ITS OWN DUE DILIGENCE. CenturyPacific, LLLP 1201 Third Avenue, Suite 1680 Seattle, WA 98101 Contact Katherine Laird 206.757.8892 [email protected] Page 2 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 TABLE OF CONTENTS I. INVESTMENT SUMMARY 4 Overview Site Summary Property Adjacent Property Title Report Environmental Overview of Current Improvements Property Sold “As-Is” II. NEIGHBORHOOD Location & Amenities Nearby Employers Access & Transportation Roosevelt Station 6 III. DEMOGRAPHICS 8 IV. MAPS & PHOTOS 9 Property Photos Neighborhood Map and Guide V. DISCLAIMER 12 Contact Katherine Laird 206.757.8892 [email protected] Page 3 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 I. INVESTMENT SUMMARY 6300 9th Ave NE OVERVIEW The owners of 6300 9th Ave NE (“Owners”) are offering for sale a 19,050 SF redevelopment property (“the Property”) in two tax parcels located on the corner of 9th Avenue NE and NE 63rd Street in Seattle’s busy Roosevelt neighborhood. The Property is well located and highly visible, with easy access to downtown via I-5. The Property is located within the Urban Village Overlay and Station Area Overlay districts and is a five minute walk to the new light rail station, Whole Foods, Starbucks and many restaurants and retail stores. The Property is improved with the Seattle Healing Arts office building but the highest and best use is redevelopment consistent with the underlying NC3/65 zoning. SITE SUMMARY Address: 6300 9th Ave NE Seattle, WA 98115 Land Area: 19,050 SF Parcel Numbers: 9221400435 (5080 SF) 9221400445 (13,970 SF) Zoning: NC3/65 Green Lake/Roosevelt Urban Village Overlay Roosevelt Station Overlay (SAO) PROPERTY The Property is located at the intersection of NE 63rd Street and 9th Avenue NE in the Roosevelt neighborhood. The site is rectangular in shape, with approximately 150 linear feet of frontage along 9th Avenue NE (north/south) and 127 linear feet of frontage on NE 63rd Street (east/west). At present, the combined tax parcels comprise 19,050 SF. The Property is improved with a 23,595 SF, two-story office building commonly known as the Seattle Healing Arts building. The offering includes the adjacent unimproved vacant tax parcel. Contact Katherine Laird 206.757.8892 [email protected] Roosevelt Way NE 9th Ave NE NE 64th St NE 63rd St Page 4 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 INVESTMENT SUMMARY 6300 9th Ave NE ADJACENT PROPERTY ZONING Roosevelt Way NE 9th Ave NE The Owners, under a separate legal entity, also own the 22,860 SF lot across the street from the Property (APN 9221400260). This separate lot is zoned LR2 and is within the SAO as well. The Owners will entertain offers to acquire this separate parcel at the same time but the current thinking is that theNE this property should be rezoned to a higher density, consistent 64th St with the SAO designation, the City of Seattle 2035 Comprehensive Plan planning process and the HALA (Housing Affordability and Livability Agenda) Committee recommendations issued in 2015. NE 63rd St The Property is zoned NC3/65 by the City of Seattle, permitting a variety of residential and commercial uses. Per the Seattle Municipal Code and the SAO designation, a residential redevelopment would have a Base Floor Area Ratio (FAR), maximum FAR of 5.75 and a maximum height of 65 feet. TITLE REPORT A current, preliminary title report issued by Old Republic Title Insurance Company will be provided in the due diligence materials. ENVIRONMENTAL No known issues. Prospective purchasers should conduct their own environmental and other due diligence. OVERVIEW OF CURRENT IMPROVEMENTS The Property is improved with a 23,595 SF, two story commercial office building located at 6300 9th Ave NE (APN 922140445). The NOI is approximately $395,000. Tenant leases will be available for review during due diligence process. One long term lease with one of the owners and will be terminated or renegotiated with a buyer. Seller believes the highest and best use of the Property is as a development site even though there is current income. SURVEY Contact Katherine Laird 206.757.8892 [email protected] The Seller is having a current boundary and topographic survey completed, which will be available as part of the due diligence materials. PROPERTY SOLD “AS IS” The Property is offered for sale “AS IS” with no representations or warranties relating to fitness of use, environmental condition or code compliance, etc. Seller encourages all interested parties and buyers to conduct its own feasibility and environmental studies. Page 5 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 II. NEIGHBORHOOD 6300 9th Ave NE NEIGHBORHOOD The Property is located in Seattle’s Roosevelt neighborhood, two blocks from the Roosevelt Square retail center with Whole Foods, Starbucks, Dania Furniture, and several retail and food establishments. Rain City Burgers, Pies and Pints and Toronado are some of the popular eating and drinking establishments nearby. Roosevelt is located between the Green Lake neighborhood and the University of Washington. Both are easy walking and biking distance away, with many transportation options as well. When the light rail station opens a few short blocks away at 11th Avenue NE and NE 65th Avenue, Roosevelt will be THE place to live and play. LOCATION & AMENITIES The Roosevelt neighborhood is bounded on the north by 75th Avenue NE and Lake City Way, Ravenna Blvd and Interstate 5 to the west, 15th Avenue NE to the east and 60th Street NE to the south. Roosevelt is a community that has successfully blended residential and commercial uses without losing the sense of neighborhood and home. The neighborhood’s namesake, former President Theodore Roosevelt, spoke passionately about conservation and preserving our natural gifts of land and water. Situated between Green Lake to the northwest, Lake Washington to the east, and Lake Union to the south, Roosevelt is a neighborhood blessed by natural features like Ravenna Boulevard, Cowen Park, Ravenna Creek, and the Roosevelt Reservoir. Roosevelt is also one of the few neighborhoods with educational options close by from primary grades, to high school, to college. Roosevelt has always been a neighborhood with transportation options with NE 65th and Roosevelt Way being major transportation routes for buses, bikes and walkers. The new light rail station under construction makes this neighborhood that much more attractive for residents of Seattle looking for living options that are far enough away from work to feel like home but with options for easy commutes to work. The Roosevelt neighborhood is that place. Page 6 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 NEIGHBORHOOD 6300 9th Ave NE ACCESS & TRANSPORTATION 91 97 60 With a “Walk Score” of 91 out of 100, and a Bike Score of 97 of 100, the Property is idea for anyone interest in walking and biking to work and play. Commuter options abound as well, with Roosevelt Avenue and NE 65th Avenue both as transportation corridors. And it is only a matter of time before getting to downtown, the University District, Husky Stadium, the Capitol Hill or even the airport is an easy light rail ride away. Some have taken to describing Roosevelt as the next Ballard, but with transportation options and Green Lake. ROOSEVELT STATION The Roosevelt Light Rail Station will be located along the east side of 12th Ave NE between NE 65th and NE 67th streets. The Property is 4 blocks adn a five minute walk away. The station will include a plaza with seating, public art and bike parking. Scheduled to be open for service in 2021, ride time from Roosevelt to Sea-Tac Airport will be 45 minutes or north to Northgate in about two minutes. Commuters can connect to buses on NE 65th Street, 12th Ave NE and Roosevelt Way NE. Sound Transit projects approximately 8,000 daily riders will board at Roosevelt Station by 2030. ROOSEVELT STATION R O O S E V E LT NE 67th St THE PROPERTY 6300 9th Ave NE NE 66th St NE 65th St 6300 9th Ave NE Page 7 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 III.DEMOGRAPHICS 6300 9th Ave NE Who Lives Here? Urban Power Families - High-income couples with children Who Liveswith Here? Six-figure salaried couples children who live an upscale life in a metro center. Urban Power Families - High-income couples with children Highly educated professionals working in finance, medical and high-tech fields. Six-figure salaried couples with children who live an upscale life in a metro center. Highly educated professionals working in finance, medical and high-tech fields. Power Singles - High-income urban singles Highly educated professionals, many with advanced degrees. They draw a Power Singles - High-income urban singles handsome salary and have reasonable whiledegrees. living aThey hip,draw upscale Highly educated professionals,living manyexpenses with advanced a life in an urbanhandsome center. salary and have reasonable living expenses while living a hip, upscale life in an urban center. Bright Lights Big City - Very mobile singles living in the city Bright Lights Big City - Very mobile singles living in the city Singles rangingSingles in ageranging from early mid-40s have to antourban in age20s fromtoearly 20s towho mid-40s whomoved have moved an urban setting. Most rent theirMost apartment or condo.or Many have a have college education and setting. rent their apartment condo. Many a college education and services and the professional work in serviceswork andinthe professional sector. sector. Roosevelt Roosevelt Median Household $53,227 Median Home Price $627,750 Owners/Renters 45%/55% Seattle Seattle $45,736 Median Household Income Income $53,227 Median Home Price $627,750 $525,900 Owners/Renters Median Age 45%/55% 35 48%/52% 37 Single Males Median Age 35 27% 37 23% 24% 23%19% Single Females 27% Single Males Homes With Kids 17% Household Size 2.1 Single Females 24% Homes With Kids 17% Household Size 2.1 Commute Time Commute Time $45,736 $525,900 48%/52% 19% 27 min 18% 18% 2.1 27 min 2.1 source: seattle.findwell.com/seattle-neighborhoods/roosevelt source:bizjournals.com/seattle/blog/2016/01/these-seattle-area-neighborhoods 27 min 27 min source:zillow.com/seattle-wa/home-values source: seattle.findwell.com/seattle-neighborhoods/roosevelt source:bizjournals.com/seattle/blog/2016/01/these-seattle-area-neighborhoods www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 source:zillow.com/seattle-wa/home-values Page 8 IV. MAPS & PHOTOS 6300 9th Ave NE Page 9 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101 3 4 5 roosevelt Not to Scale P Marcello ST 71 9TH AVE NE NE I-5 North D Vintage Costumers Roosevelt Vision P Nancy Mercer N.D. P NE 70TH ST Froula Playground NE 71ST ST Wedell Auto Electric Esthetic International C D Econo-Mini Self Storage Roosevelt Self Storage Puget Sound Hearing Aid Pilates Body Fitness M’Illumino 5 E B NE 72ND ST C ST Roosevelt Reservoir Swedish Medical Center 14TH AVE NE P To Lake City, Jackson Park, Aurora Village 72 Rowland Studio 15TH AVE NE NE 69TH ST Found It E WE To U District, Eastlake, Downtown Discovery Shop P Calvary Christian Assembly DIN NE PL F 10 A P New Discovery School Free Street Parking Bus Route Free Customer Parking Bike Lane Paid Metered Street Parking Paid Public Parking Lot No Parking (Construction Area) Park & Ride Lot P 9 Maple Leaf P Safeway 8 BROOKLYN AVE NE Restaurant Retail Shop Service 7 NE 73RD ST map & guide B 6 Louis Foreign Car Repair Holman’s Body & Fender Larson’s Volvo Repair 12TH AVE NE A 2 ROOSEVELT WAY NE 1 73 E 373 Hermann’s International P Auto Repair F NE 68TH ST G 8TH AVE NE Mitchell Center for Natural Healing TNT Foreign Car To U District, Downtown John Marshall School 66 Seattle Auto Service Center 66 67 To Northgate Roosevelt High School 67 NE 67TH ST G Local access only Sound Transit Link Light Rail Roosevelt Station Construction Site H Future Station Entrance Roosevelt Field H Bank of America U District • Green Lake Lake City • Downtown Wedgewood • Downtown Northgate • Overlake North Seattle CC • Downtown Redmond Green Lake Bus Stop Espresso J Jay’s Cleaners Roosevelt Barber Shop Casa Patrón P P 8TH AVE NE Atlantic Crossing Pub East West See Inset Bookshop Rain City Burgers Dreamclinic Massage 48 Windermere P Roosevelt Caruh Dental Salon & Spa 64 76 Kettlebility Dania Furniture P See Inset P Sleep Country Olympic Pizza The Healing Center Posh Paws Hoa Salon Nails Barre3 Sunlight Cafe Rituel Bol Pho Umpqua P Bank Progressive Tech Ma Mo Jewelry Evolve Organic Salon Derby Salon Sushi Tokyo P Alexander’s Bead Bazaar Hawthorne Stereo Seattle Healing Arts Yuen Lui Studio P All Star Cleaners J Century Link Taco UPS Subway Sport Del Store Clips Mar P Zenith Supplies LVD AB Fix Salon Stanline Gallery R & R Retirement Services Custom Design & Engineering Knoll Live & Work Edge Tech Repair Slick & Manscape Dr Susan Hankin O.D. Luata Bray, LMP O P 1 2 3 The Fish Store Yellow Umbrella Massage Ride Bicycles US Bank P Definitive Audio P NE 62ND ST Community Fitness Die Bierstube N Savvy Nails & Spa O Salvatore See Inset Ravenna Dental Clinic M P BROOKLYN AVE NE NN VE RA Exit 170 Speakerlab 12TH AVE NE NE 5 N Angi’s Haircuttin Parlor Align Wellness Nice Nails & Spa 8 Bells Winery TCA Architecture • Planning CPA Services P Lockhart Suver Cowen Park NE 6 1ST P ST Avis P University District 4 K L NE 63RD ST I-5 South I Ravenna Happy Feet Reflexology P Health Pies and Pints Mutt Nature Nails and Spa Roosevelt Vacuum See Inset Bella Cleaners P Starbucks Almvig’s Bartell Drugs Wells Whole Foods Fargo Magnolia Hi-Fi P P Mutiny Hall NE 64TH ST Royal Palms Teddy’s Tavern Thrive Cafe Shoe The Advantage Yogurt Way Intercommunity Peace and Justice Center Auto Plus Future Station Entrance NE 65TH ST ROOSEVELT WAY NE M Shell P The Johnson Partnership Architects Pho Viet Anh Mia Bella Ten India Wayward Spex in Thousand Bistro Coffee the City Villages L Belle Marie Salon Minshew Networks P The Scarlet Tree K UFC Gym Bengal Tiger P P Local access only Shefayoga 9TH AVE NE I 48 64 76 242 316 542 NE 66TH ST 14TH AVE NE Green Lake Park & Ride 5 Page 10 6 7 8 9 10 Restaurants, Cafes & Pubs I6 Atlantic Crossing Pub - I5 K5 I3 J3 Bengal Tiger - bengaltigerwa.com Bol Pho Bistro - bolbistro.com Bus Stop Espresso - busstopcoffee.com Casa Patrón - theatlanticcrossing.com casapatronrestaurants.com O6 Die Bierstube - diebierstube.com J5 B5 J8 J5 India Bistro - indiabistroroosevelt.com Marcello Ristorante Mutiny Hall - mutinyhall.com Olympic Pizza & Pasta - I6 J8 I5 Pho Viet Anh - phovietanh.com Pies and Pints - piesandpints.com Rain City Burgers - raincityburgers.com J6 East West Bookshop - seattleolympic.com J5 Royal Palms - royalpalmseattle.com O6 Salvatore salvatoreristoranteitaliano.com J6 Starbucks - starbucks.com/store/16043 J7 Subway - subway.com K5 Sunlight Cafe sunlightcafevegetarian.com J7 J7 J3 J7 J7 J5 L5 Sushi Tokyo - sushitokyoseattle.com Taco Del Mar - tacodelmar.com Teddy’s Tavern - teddysseattle.com The Scarlet Tree - scarlet-tree.com The Yogurt Way Thrive Cafe - generationthrive.com Wayward Coffeehouse waywardcoffee.com Retail Shops N5 8 Bells Winery - 8bellswinery.com L5 Alexander’s Bead Bazaar alexandersbeads.com K6 I8 K6 J6 N6 F6 Almvig’s - almvigs.com Auto Plus Bartell Drugs - bartelldrugs.com Dania Furniture - daniafurniture.com DefinitiveAudio-definitive.com Discovery Shop E6 Puget Sound Hearing Aid & Audiology - pshearing.com O5 Ride Bicycles - ridebicycles.com J8 Roosevelt Vacuum - O5 Stanline Gallery - stanlinegallery.com J5 Ten Thousand Villages - C5 Vintage Costumers - L6 Magnolia Hi-Fi - magnoliaav.com I5 Mia Bella - miabellaseattle.com A6 J6 J6 M6 J5 O5 Fix Salon - fixsalonseattle.com J9 Happy Feet Reflexology - J8 Nature Nails and Spa B5 New Discovery School - K5 Hoa Salon Nails - M5 Nice Nails & Spa - nicenailandspa.com D5 Pilates Body Fitness - eastwestbookshop.com E6 Found It - founditonroosevelt.com M5 Hawthorne Stereo hawthornestereo.com J8 Health Mutt - healthmuttseattle.com L5 Ma Mo Jewelry Design mamojewelry.com rooseveltvacuumcenter.com Safeway - safeway.com Shoe Advantage - onlineshoes.com Sleep Country - sleepcountry.com Speakerlab - speakerlab.com Spex in the City - spexinseattle.com seattle.tenthousandvillages.com O5 The Fish Store - thefishstoreseattle.com vintagecostumers.com K6 Whole Foods - wholefoodsmarket. com/stores/rooseveltsquare M6 Zenith Supplies - zenithsupplies.com Services M5 J9 M5 P6 H5 K6 J6 I6 F3 Align Wellness - align-wellness.com All Star Cleaners Angi’s Haircuttin Parlor Avis - seattle.avis.com Bank of America - bankofamerica.com Barre3 - barre3.com Bella Cleaners Belle Marie Salon - bellemariesalon.com Calvary Christian Assembly - ccassembly.org J5 Caruh Salon & Spa - caruh.com K8 CenturyLink - centurylink.com N6 Community Fitness communityfitness.com N5 O5 L5 O5 J5 D6 CPA Services Custom Design & Engineering Derby Salon - derbysalon.com Dr Susan Hankin O.D. - drhankin.com Dreamclinic Massage - dreamclinic.com Econo-Mini Self Storage econoministorage.com O5 Edge Tech Repair - edgetechrepair.com D6 Esthetic International - skin4me.com L5 Evolve Organic Salon evolvehairandart.com happyfeetreflexologyspa.com hoasalon.com/Roosevelt.html F6 Hermann’s International Auto Repair - europeanautorepairseattle.net A5 Holman’s Body & Fender auto-repair-seattle.com J8 Intercommunity Peace and Justice Center - ipjc.org J3 Jay’s Cleaners - jayscleaners.com G1 John Marshall School J4 Kettlebility - kettlebility.com O5 Knoll Live & Work knolldevelopment.com newdiscoveryschool.org pilatesbodyfitness.com K5 Posh Paws - poshpawsseattle.com L5 Progressive Tech progressivetech.com tca-inc.com The Healing Center healingcenterseattle.org P5 Ravenna Dental Clinic K5 Rituel - rituelmercantile.com J3 Roosevelt Barber Shop - J8 The Johnson Partnership Architects - tjp.us TNT Foreign Car UFC Gym - ufcgym.com/roosevelt Umpqua Bank - umpquabank.com UPS Store - theupsstore.com US Bank - usbank.com Wells Fargo - wellsfargo.com Wedell Auto Electric - randrretirement.com F5 I6 Roosevelt Dental - rooseveltdental.com K6 Roosevelt High School J7 roosevelths.seattleschools.org M7 Roosevelt Self Storage K7 Roosevelt Vision - rooseveltvision.com C6 wedellelectric.com Rowland Studio - rowlandphoto.com Savvy Nails & Spa - savvynailspa.com J4 Windermere - windermere.com Seattle Auto Service Center O5 Yellow Umbrella Massage - therooseveltbarbershop.com A5 O5 E5 I5 F5 D6 D5 E6 O6 F6 bastyrcenter.org/content/view/271 swedish.org N5 TCA Architecture • Planning J5 J5 G10 Louis Foreign Car Repair Luata Bray LMP - luatamassage.com M’Illumino - m-illumino.com Minshew Networks - minshew.net Mitchell Center for Natural Healing - mitchell-center.com B6 Nancy Mercer N.D. - sandmwaxing.com J7 Sport Clips - sportclips.com B6 Swedish Medical Center - O5 R & R Retirement Services - A5 Larson’s Volvo Repair larsonsvolvorepair.com I5 Shefayoga - shefayoga.com J4 Shell - shell.us O5 Slick & Manscape - automotiveseattle.com yellowumbrellamassage.com M4 Seattle Healing Arts - M5 Yuen Lui Studio - yuenluistudio.com seattlehealingarts.com roosevelt explore Roosevelt Nestled between Seattle’s bustling University District and popular Green Lake, this historic neighborhood keeps its charm while maintaining a thriving business center. Once called the Hollywood District, the neighborhood changed its name to Roosevelt in 1927 after the main thoroughfare was renamed to honor Theodore Roosevelt. map & guide Today, whether you’re looking for the perfect home decor, or the best homemade granola, you can find it in the Roosevelt business district. The neighborhood continues to evolve. Sound Transit Link light rail opens in 2021, and will offer fast, frequent connections to Northgate, the University of Washington, Capitol Hill, Downtown Seattle, sports stadiums, Southeast Seattle and Seattle-Tacoma International Airport. *source - Sound Transit and the Roosevelt Business Group http://rooseveltseattle.org/wp-content/uploads/2013/11/Roosevelt-neighborhood-map.pdf Brought to you by shop Page 11 dine explore V.DISCLAIMER DISCLAIMER Materials contained in this offering are furnished solely for the purpose of considering the purchase of the property located at 6300 9th Ave NE in Seattle, Washington (the “Property”); described herein and are not to be used for any other purpose or to be made available to any other person without the express written consent of CenturyPacific, LLLP (the “Investment Team”) and the Sellers. The material is based, in part, upon information supplied by Seller and, in part, upon information obtained by the Investment Team from sources they deem to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather are outlines of some of the principal provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, the Investment Team or any of their related entities as to the accuracy or completeness of the information contained herein. Prospective investors should make their own investigations, projections and conclusions. Interested buyers should be aware that the Seller is selling the Property in “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. It is expected that prospective investors will conduct their own independent due diligence concerning the Property, including such engineering and environmental inspections as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous materials used on the Property. No representations, expressed or implied, are made as to the foregoing matters by Seller, the Investment Team or any of their officers, employees, affiliates and/or agent. Information contained in this Offering Memorandum is further governed by the Property Agreement. CenturyPacific, LLLP Contact Katherine Laird 206.757.8892 [email protected] Page 12 www.CenturyPacificLP.com 1201 Third Ave, Suite 1680 Seattle, WA 98101