11918 Airport Road Everett

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1 11918 Airport Road Everett 2.48 Acres Development Opportunity Hospitality Retail Multifamily Mixed-Use

2 Summary & Highlights Great development opportunity on intersection of Airport Rd (128th St) and Evergreen Way (HWY 99) in south Everett. Evergreen Way is a major commercial corridor linking western Snohomish and King County cities. Airport Road (128th St), originating at the Boeing Everett Plant, links directly to Interstate 5. The site is situated on a there parcels adjacent to a recently developed CVS store. The overall project site shares a interior road way providing direct access to Evergreen Way, Airport Rd and Center Rd. There is a gentle slope to the site with easterly views of the Cascades at grade level. The immediate area is home to many large employers including Boeing with ~38,000 employees. Employment and population continue to increase in the area creating diverse opportunities to bring to market new developments to meet increased demand. Offering Process The purpose of this outreach is to solicit anticipated terms and concepts for the purchase and redevelopment of the site. This property is being offered without an asking price. Prospective purchases may submit purchase and sale agreement or proposal including purchase price, feasibility period, amount of earnest money and anticipated close of sale. Interested parties may contact Brian Stuchell for additional offering guidance. Brian Stuchell, CCIM (425) Opportunity Highlights Proximity and efficient access to Interstate 5, Hwy 99, Hwy 525 Close proximity to major employers Traffic Count - 20,968 Airport Road & 38,570 Evergreen Way 1.2 miles from proposed Paine Field Airport terminal Direct access to HWY 99, Airport Rd and Center Rd Views of Cascade Mountain range The information contained in this document has been obtained from sources believed reliable. While Eclipse Real Estate Group ( EREG ) does not doubt its accuracy, EREG has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

3 Information Address Airport Road, Everett, WA Locality Mukilteo MUGA Zoning Urban Center (Snohomish County) Land Use Jurisdiction Snohomish County Land Size ~108,029 SF ~4.28 Acres Topography Gently sloping Tax Parcels Floor Area Ratio - FAR Min Max Max Bonus

4 Summary Everett, WA at a glance In Everett, opportunities are a natural resource. Economic. Educational. Cultural. Recreational. Propelled by our industrialstrength commitment to innovative businesses, and inspired by a mountain-to-sea natural beauty that defies description. Our community works hard and plays hard. Everett boasts a rising creative class the thinkers, innovators, inventors and entrepreneurs. Everett is proud to be home to The Boeing Co. s massive manufacturing complex, a magnet that draws numerous aerospace and technology companies to the area. Population 103,500 Median Age 34 Median HH Income $48,410 Everett is also home to the Port of Everett. This deep-water Port is the second largest in Washington state by economic output and the 5th largest on the West Coast by export value. The Port specializes in construction and manufacturing cargoes, Median Home Price $237,750 and transships aircraft assemblies for all Boeing Everett jetliners. The Port is also home to Naval Station Everett and the aircraft carrier U.S.S. Nimitz, along with other destroyers and frigates. Whether at work or play, Everett is a rich landscape of choices. Small startups thinking big. Fortune 500 companies delivering larger than life innovations. Some of the best salmon and steelhead fishing in the world. The largest public marina on the West Coast, and the longest, warmest sandy beach in the Puget Sound. Pro and minor league sports teams. A 10,000 seat Xfinity Arena. A housing market that is significantly more affordable than the one just 25 miles away in Seattle. More than 1,600 acres of parks, trails and playgrounds. Nearly 50 miles of freshwater and saltwater shoreline. Everett is a cultural destination where life is celebrated to the fullest with a thriving arts community, free summer concerts along the waterfront and tons of entertainment options. ~ Economic Alliance Snohomish County Links Paine Field Propeller Airports Paine Field Snohomish County Airport Seattle and Northwest Washington are among the fastest growing areas in the nation, and an essential part of accommodating the region's continued economic expansion is the introduction of a new choice in passenger air travel at Paine Field. The airport's convenient location makes it the ideal choice for passengers who are looking for a world-class travel experience with a small-town feel and convenience. Paine Field's new passenger terminal will provide service that is superior to larger, more hectic, and often overcrowded commercial airports. New technology and modern conveniences will make flying into and out of Paine Field a simple, enjoyable and streamlined travel experience. Paine Field is the airport of choice! ~ Paine Field Propeller Airports

5 11918 Airport Road, Everett, WA Interstate miles Paine Field Terminal* miles Boeing Factory miles Downtown Everett miles Naval Station Everett miles Tulalip Casino & Seattle Premium Outlets miles *as proposed Seattle miles Bellevue miles Sea-Tac Airport miles Bellingham miles Vancouver BC miles Portland OR miles

6 Employment & Community Amenities Port of Everett Downtown Everett Navel Station Everett Future Airport Terminal Walter Hall Golf Course Snohomish County Boeing 38,000 Snohomish County Government 2,700 Naval Station Everett 6,500 Premera Blue Cross 2,400 Washington State 5,400 Everett Clinic 2,150 Providence Regional Medical Ctr. 3,500 Everett School District 2,025 Tulalip Tribes Enterprises 3,200 Edmonds School District 2,025 Economic Indicators of Snohomish County (March 17)

7 Immediate Proximity CVS 7 Eleven Walmart Home Depot Shell Station Axis Apartments Jack in the Box Panda Express Wendy s Subway Public Storage Jimmy Mac s Roadhouse Subway La Palmera Mexican Pasteur s Noodle Soup Starbucks Chevron Tesoro Cash America Pawn Bento Time Hello Vietnam Firestone Auto Care El Taco Boom Cemitas Tempica

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9 Population 1 mile 3 mile 5 mile 24, , ,441 Population Growth ( 16-21) 1 mile 3 mile 5 mile 8.32% 8.30% 8.06% Households mile 3 mile 5 mile 10,013 54, ,773 Average HH Income (2016) 1 mile 3 mile 5 mile $60,674 $76,298 $86,817 Daytime Population 1 mile 3 mile 5 mile 8,207 93, ,198

10 Urban Center (UC) For Reference Only Urban centers are compact, well-designed areas that concentrate a variety of land uses in one place. Urban Centers are people oriented living and working places that allow residents to walk to shops and high capacity transit stations. Urban centers are situated where significant population and employment growth can be located, a community-wide focal point can be provided, and the increased use of transit, bicycling, and walking can be supported. (Assistance Bulletin #96) Urban Center Assistance Bulletin Urban Zone Use Categories - Use Matrix (Chapter ) Urban Center Development (chapter 30.34A)

11 & Environmental Summary IMAGE: CoStar; CVS building foundation; surface water retention vault servicing CVS site and interior distribution road; environmental remediation excavation Environmental Remediation Summary Environmental Site Assessment Phase I Date: Phase I Environmental Assessment Update Date: UST and Decommissioning and Remediation Report Date: tons of petroleum -contaminated soil (PCS) excavated and exported for off-site disposition 500 gallon UST removed and decommissioned Groundwater as not encountered at any time during the UST removal and remediation excavation Available Documents Environmental Boundary Line Adjustment BLA Survey BLA Survey Stormwater Facility Easement Access/Utility Easements

12 11918 Airport Road For reference only

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14 11918 Airport Road Conceptual Site Plan