Salmon Bay WATERWAY. West Ewing Street Seattle, WA E XCL USI V E OF F ERING ±9.11 GROSS ACR E SI T E

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1 Salmon Bay WATERWAY West Ewing Street Seattle, WA E XCL USI V E OF F ERING ±9.11 GROSS ACR E SI T E

2 Shilshole Bay Shilshole Bay Marina C ROW N H I LL BA LL A R D Ballard Locks Ballard Blocks t 15 ve ha NW Salmon Bay Salmon Bay Marine Center M AG N O LI A lla Ba Fishermen s Terminal r ri db dg e Fred Meyer Le ar ay yw Port of Seattle W Ni c I NTE R BAY 15t ve ha kerso n St W Seattle Pacific University QUEEN ANNE Aerolistphoto.com 2 E X C L U SI V E O F F E R ING S A L M O N B AY WAT E R WAY

3 G R E E N WOO D THE OFFERING PH I N N E Y R I D G E CBRE, as exclusive advisor, is pleased to offer the Salmon Bay waterway site, a 9.11 gross acre site with approximately 7.67 acres of Upland and approximately 1.44 acres submerged. Located south of Ballard, west of Fremont and north of Queen Anne, the property sits in one of only two designated manufacturing and industrial centers within the city of Seattle, and is uniquely zoned for marine oriented industrial use. The site s proximity to Salmon Bay and some of the area port facilities, as well as the location directly east of the Ballard Locks differentiates it from some of the older industrial/manufacturing properties in the immediate area, and make it a prime opportunity for an owner-user looking for a waterfront expansion. The overall neighborhood and surrounding areas continues to move away from industrial and manufacturing as existing improvements age. The property is ripe for redevelopment of a higher and better use. Investment Highlights Large, 9.11 acre industrial parcel, unprecedented within Seattle city limits Unique waterfront location with fresh water moorage and easy access to the Ballard Locks FR E M O NT Aur Fr e mo or a nt B Br i d r idg e Google ge Tableau Software Proximity to Ballard, Queen Anne and Seattle Pacific University, offering access to a diverse, populated area with many amenities and potential up and coming uses Adobe 3

4 PROPERTY DESCRIPTION Situated between neighborhoods of Queen Anne, Magnolia, Ballard and Fremont, the Salmon Bay Waterway site currently houses two buildings totaling approximately 155,763 gross square feet the 1100 Building, located at 1100 West Ewing Street, is approximately 105,540 sq. ft., while the 1120 building, located at 1120 West Ewing, is approximately 50,223 sq. ft. Well located just east of the Ballard Locks along the Ship Canal Waterway (Salmon Bay), the site has approximately 900 lineal feet of water moorage, with submerged land extending approximately 60 feet from the upland area. The property offers excellent access to all parts of Seattle via 15th Avenue and West Nickerson Street; neighbors include Seattle Pacific University, Fisherman s Terminal, Foss Maritime, Coastal Transport, and Trident Seafoods, with major tech tenants such as Adobe and Tableau located nearby. Property Overview TOTAL SITE AREA ±9.11 gross acres UPLAND AREA ±7.67 acres SUBMERGED AREA ±1.44 acres ZONING IG1 U/45 (General Industrial 1), City of Seattle PARCEL STATE HARBOR LINE ±900 feet; additional 19,290 SF leased from Department of Natural Resources 13th Ave W St Nickerson W W Ewing St Building B Area leased from Dept. of Natural Resources Building A BUILDING A ADDRESS 1100 W Ewing Street, Seattle, WA AREA ±105,540 SF FOOTPRINT ±67,473 SF 2ND FLOOR MEZZANINE ±38,100 SF YEAR BUILT 1978 CONSTRUCTION Masonry BUILDING B ADDRESS 1120 W Ewing Street, Seattle, WA AREA ±50,223 SF YEAR BUILT 1957 CONSTRUCTION Masonry 4 EXCLUSIVE OFFERING SALMON BAY WATERWAY

5 LEGEND Retail Amenities Brewers, Distillers & Wineries Notable Industrial & Maritime Occupiers Notable Office Occupiers Multi-Use Trail On-Street Bike Lane or Sharrow NEARBY RETAIL AMENITIES 1. Market Arms 2. Hazlewood 3. India Bistro 4. The Matador 5. Sunset Tavern 6. Ballard Annex Oyster House 7. Volterra 8. El Borracho 9. Kickin Boot Whiskey Kitchen 10. Shiku Sushi 11. Bastille 12. Stoneburner 13. King s Hardware 14. Tractor Tavern 15. Conor Byrne 16. Bad Albert s 17. Ballard Loft 18. The Walrus and the Carpenter, Staple & Fancy 19. Pono Ranch Restaurant & Bar 20. CorePower Yoga 21. Mike s Chili Parlor 22. Ballard Blocks: Trader Joe s, Ross Dress For Less, LA Fitness, Top Pot Doughnuts 23. Office Max 24. Cash & Carry 25. Big 5 Sporting Goods Eleven 27. Jack in the Box 28. Giddy Up Burgers 29. Bevmo 30. Bourbon & Bones 31. Fred Meyer 32. Two Shoe BBQ 33. Frelard Pizza Company 34. The George & Dragon 35. Nectar 36. The Ballroom 37. Revel 38. Fremont Studios 39. The High Dive 40. Red Star Taco Bar 41. Blue C Sushi 42. PCC Natural Market 43. Blue Moon Burgers 44. Teriyaki Bowl 45. The Blue Heron 46. Sunny Teriyaki 47. Caffe Appassionato 48. Fishermen s Terminal 49. La Palma Mexican Restaurant 50. Denali Fitness 51. Einstein Bros. 52. Subway 53. ARCO & ampm 54. QFC 55. Pagliacci Pizza 56. Yasuko s Teriyaki 57. Byen Bakeri Eleven 59. Thai Fusion 60. Mulleady s Irish Pub 61. Red Mill Burgers 62. Starbucks Zeek s Pizza 65. Tully s Coffee 66. Interbay Veterinary Care 67. Eat Thai Cuisine 68. Interbay Athletic Complex 69. Nickerson Street Salon 70. New China Express 71. Time 4 Pho 72. Epic Styles Salon 73. Americano Burgers 74. Interbay Golf Center 75. Canlis 76. Alpine Hut 77. Total Wine & More 78. Elliott Bay Animal Hospital 79. Whole Foods 80. West Marine 81. Subway 82. Magic Dragon 83. Chevron 84. Brown Bear Car Wash 85. Staples NOTABLE OFFICE OCCUPIERS 1. Google 2. Tableau Software 3. Adobe 4. Expedia (future HQ) NOTABLE INDUSTRIAL AND MARITIME OCCUPIERS 1. Ballard Oil 2. Stimson Marina 3. Trident Seafoods 4. Ballard Mill Marina 5. Kenco Construction 6. Seattle Maritime Academy 7. Kvichak Marine 8. Lakeside Industries 9. Miller & Miller Boatyard 10. North Pacific Seafood 11. Northwestern Industries 12. Salmon Bay Marine Center 13. Salmon Bay Marina 14. Port of Seattle 15. Coastal Transport 16. Foss Maritime BREWERS, DISTILLERS AND WINERIES 1. Stoup Brewing 2. Reuben s Brews 3. Lucky Envelope Brewing 4. Populuxe Brewing 5. NW Peaks Brewery 6. Peddler Brewing Company 7. Fremont Brewing 8. Maritime Pacific Brewing Company 9. Old Ballard Liquor Company Distillery 10. Bad Jimmy s Brewing Co. 11. Hale s Ales 12. Outlander Brewery & Pub 13. Fremont Mischief Distillery 14. Urban Family Brewing Co. 15. Figurehead Brewing 16. Rooftop Brewing Company 17. Almquist Family Vintners

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7 LOCATION OVERVIEW Interbay Just south of the ship canal across the Ballard bridge lies Interbay. Traditionally an industrial and shipping hub for the city, the neighborhood was upzoned within the past 10 years to allow taller structures on non-residential land. While Interbay still maintains it s industrial and manufacturing heritage (the Port of Seattle Fisherman s Terminal and BNSF Balmer Yard still call Interbay home), this up zoning has encouraged creative space uses, transforming the neighborhood into a unique blend of tech, industrial and retail space. Since then, there has been a surge in activity across a broad range of uses. The Interbay Urban Center a fully-leased 80,000 square foot development houses a number of urban lifestyle retail amenities, including Whole Foods, Petco and a NW Crossfit. Local technology firms such as F5 Networks and Big Fish Games make their home in the submarket directly south, on the cusp of the neighborhood. Additionally, the planned relocation of Expedia s headquarters to the former Amgen Campus in 2018 marks a significant game change. According to a recent traffic study, Interbay is already the third busiest north-south arterial in the city; King County Metro s recent Rapid Ride service upgrade along 15th Avenue NW/Elliott Avenue has helped to alleviate that, but an influx of an extra 3,000+ employees to the area will likely have a dramatic effect on transportation and growth. The area and the markets directly adjacent to it are prime locations for development and expansion. Apartment developers have thus far been answering that need. The Slate Apartments and Lofts were completed in 2013 and sold to LaSalle Investment Management; Tehama Management opened Jax on 3rd Avenue West in Lower Queen Anne in December of 2014; and Goodman Real Estate opened The Flats at Interbay and Canvas in 2014, with plans for a future development along 15th Avenue West underway. The melding of industrial, retail, residential and a burgeoning tech industry, complemented by a unique start-up culture results in one of the most diverse markets in the entire Puget Sound region. Ballard Ballard is a microcosm of Pacific Northwest history, tradition and architecture. Bordered by Puget Sound, Shilshole Bay and Salmon Bay, Ballard has a rich history filled with maritime connections. The neighborhood offers extraordinary views of Puget Sound, and stands as a vibrant area of the city, heavily dotted with locally owned boutique shops, pubs, restaurants, and waterfront parks including Golden Gardens Park. Originally home to mill workers, fishermen and boat builders many of whom emigrated from Scandinavia, Ballard is home to the Nordic Heritage Museum and celebrates with an annual Norwegian Constitution Day Parade. The original business district along Ballard Avenue remains largely intact today and has been protected by a Seattle City Ordinance as a Historic Landmark District. Its buildings are listed on the National Register of Historic Places. 7

8 Salmon Bay WATERWAY West Ewing Street Seattle, WA For more information please contact: John Gilliland First Vice President John Sullivan Vice President CBRE, Inc th Avenue, Suite 1700 Seattle, WA CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. 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. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. ejs