INVESTMENT GRADE TENANT

• Sherwin-Williams is a national publicly traded tenant (SHW) with an investment grade credit rating of BBB from S&P Global Ratings, providing stability and credit to the investment

OUTSTANDING URBAN LOCATION

• The property is located just 10 minutes from Seattle CBD, South Lake Union, and the area’s largest employers – Amazon, Nordstrom, and Expedia.
• The Interbay trade area is currently undergoing rapid change and seeing explosive growth and redevelopment.
• Interbay is one of the most dynamic and highly sought after trade areas in Seattle and has connectivity to the area’s premier neighborhood and shopping destinations.
• The property is positioned on a corner parcel off 15th Ave W, which sees over 44,000 VPD.

FUTURE LIGHT RAIL

• Seattle approved plans for a future light rail expansion from Downtown Seattle to Ballard with a proposed station in the Interbay neighborhood located within 0.5 miles from Sherwin-Williams with service expected to start in 2039

HIGH-GROWTH TRADE AREA

• The property is embedded within a dynamic and high-growth trade area. Within a 3-mile radius of the site, there are over 240,000 people and average household income of $220,000

FUTURE REDEVELOPMENT OPPORTUNITY

• The pricing is at/near land value providing an excellent long-term development site. The pricing, property zoning, multi-family market demand, and location create a covered land play opportunity.

CORPORATE GUARANTEED LEASE

• The lease is guaranteed by Sherwin Williams corporate, providing strong credit.