CBRE is pleased to offer the opportunity to acquire Villas at Beardslee ("the Property"), a unique 451-unit condominium quality mixed-use core-plus property in one of the most desirable and highly visable locations and life science hubs on the Eastside. The Property sits adjacent to the I-405 corridor, advantageously providing convienient access to major employers including Google, Microsoft, Boeing, Amazon, and Apple, with an average income for the area at an impressive $175,000. The Property enhances the residential living experience with a broad array of upscale retail, including John Howie's Beardslee Public House, Starbucks, Potbelly, Sushi Chinoise, a pilates studio, among others. Residents also benefit from the 130+ wineries located a 10-minute drive away in Woodinville as well as a short distance from quintessential Pacific Northwest lifestyle and recreational outdoor activities. Due to the scarcity of new supply in Bothell, with only one development over 100 units currently under construction, the Property is favorably positioned to benefit from rent growth resulting from this supply shortage over the next 5 years.

The Property is exceptionally well-located in the heart of the high-tech corridor and only a block from the University of Washington's Bothell Campus and Cascadia College. Over 23M square feet of tech employment is a short drive away with dynamic employers such as Google, Microsoft, Boeing, Amazon, Apple and Phillips Medical Systems, as well as nearly 9M square feet of life science, incuding the expanding Sana Biotech and Seattle Genetics. Sitting at the confluence of major highways including I-5 (10-minute drive) and I-405 (1-minute drive), Villas at Beardslee provides residents with plentiful commuting options and allows the ability to use side roads to avoid rush hour traffic. The Property's convenient location allows for easy access to not only the region's largest employement centers, but also sought-after lifestyle destinations, including Woodinville (10-minute drive), Kirkland (15-minute drive), Bellevue (20-minute drive), Downtown Seattle (25-minute drive), Downtown Seattle (25-minute drive). Given its proximity to major employment hubs and a desireable Eastside location, the Property is poised to attract the region's affluent renters, presenting the rare chance to acquire a top-tier asset possessing unparalleled value-add potential with the ability to generate outsized returns.