| EXCLUSIVE MULTIFAMILY OFFERING

a Berkshire Hathaway and Leucadia National company

KENNY DUDUNAKIS206.521.7216Kenny.Dudunakis@berkadia.com

JIM JENSEN253.509.7157Jim.Jensen@berkadia.com

BEN JOHNSON206.801.3144Ben.Johnson@berkadia.com

DAVID SORENSEN206.801.3102David.Sorensen@berkadia.com

415 6th Avenue | Tacoma, WA 9840235 Units | Built: 2008 Unpriced Offering

Urban Living in Thriving Tacoma Built as Condominiums, with For-Sale Upside Exceptional Newly Renovated Amenities Sought-After Stadium District Location High-End Kitchens and Finishes Fully Renovated Resident Lounge

HannaHeights.BerkadiaREA.com

THE OPPORTUNITY Hanna Heights will present theinvestment community an opportunityto acquire a unique and highlydesirable property in the scenicdowntown Tacoma area. Originallybuilt as condominiums, this propertydisplays high-end finishesdistinguishing itself from thecompetition. Situated between Seattleand the state capital of Olympia,Tacoma features world-classmuseums, hotels, and theatres. Hanna Heights offers the appealing benefit of amid-metro location that is minutes from the Puget Sound waterfront and easily accessedby all major transportation including light rail, highways, and the state ferry system.Downtown Tacoma has seen strong rental increases from a year ago, achieving nearly a13% increase in average market rents. The current vacancy rate for the Stadium Districtsubmarket is 2.8% according to Dupre+Scott, proving that this market is trending in theright direction. The Puget Sound has also seen tremendous job growth overall, andfuture job growth for the area is projected at over 30% by 2024. As the Puget Soundand Tacoma submarket continue to experience strong rent and job growth, investmentopportunities like Hanna Heights will continue to prove more valuable.

PROPERTY DESCRIPTION Built in 2008, Hanna Heights is a 35-unit, seven-story apartment building originally builtas condominiums. The apartment community is located in the core of downtown Tacomaand is surrounded by classic architecture and museums. The community offers fivespacious floor plans, a variety of one-bedroom / one-bath apartments ranging from 854-1,039 square feet, two-bedroom / two-bath apartments ranging from 1,078 -1,291square feet, and one, three-bedroom / two-bath floor plan that is 1,429 square feet.The interior amenities at Hanna Heights are second to none, featuring hardwoodflooring with radiant floor heating, washers and dryers, granite countertops, breakfastbars, tile flooring in the bathrooms, full stainless-steel appliance packages, rich browncabinetry, and brushed-nickel finishes. Select units also feature a private balcony orpatio, 22-foot vaulted ceilings, gas appliances, extra storage, and panoramic views ofCommencement Bay and Downtown Tacoma.

HANNA HEIGHTS - 35 Units

LOCATION DESCRIPTION

Hanna Heights is located at 415 6th Avenue in Tacoma, Washington. The property iswithin minutes of bustling shops, theaters, and a growing list of world-class restaurants.The property is located in the Stadium District of downtown Tacoma and on the vibrant6th Avenue corridor. Only a few blocks from the MultiCare Medical Center, Wright Park,and the many other aforementioned city highlights, residents benefit from HannaHeights's central location.  The port city of Tacoma encompasses approximately 63 square-miles alongCommencement Bay in southwestern Washington. Located approximately 36 miles southof Seattle and 28 miles northeast of Olympia, Tacoma is the largest city in Pierce Countyand the third largest in the state. Known as the "City of Destiny", Tacoma's recenteconomic diversification and expansion have made it an attractive relocation spot forbusinesses and residents. Downtown Tacoma is one of America's most vibrant waterfront communities. Thedowntown core serves as the major employment center for the city. The downtown area ishome to museums, theaters, parks, restaurants, a Farmers' Market, and numerous retailshops. Museums include the Museum of Glass featuring its Bridge of Glass entrance,the Washington State History Museum, and the Tacoma Art Museum. In the TheaterDistrict, residents will discover the Pantages Theater, Rialto Theater, and Theater on theSquare. 

HannaHeights.BerkadiaREA.com

 

UNIT AMENITIES COMMON AREA AMENITIES Granite Countertops  Gas Appliances* Stainless-Steel Appliances* Dishwasher Garbage Disposal Designer Lighting Hardwood Flooring 22-Foot Ceilings* Radiant Floor Heating Air Conditioning* Patio / Balcony 

*Features Vary by Unit 

Fitness Center  Renovated Clubhouse Private Underground Parking Controlled Access Building Extra Storage Available Waterfront, City, and Mountain Views

  

UNIT MIX & RENT SCHEDULE Units Type Unit SF Total SF MarketRent

MonthlyMarketRent AnnualMarketRent Rent/SF

8 1 Bed / 1 Bath 854 6,832 $1,425 $11,400 $136,800 $1.67 4 1 Bed / 1 Bath 868 3,472 $1,435 $5,740 $68,880 $1.65 4 1 Bed / 1 Bath 910 3,640 $1,460 $5,840 $70,080 $1.60 4 1 Bed / 1 Bath 938 3,752 $1,580 $6,320 $75,840 $1.68 4 1 Bed / 1 Bath 1,039 4,156 $1,655 $6,620 $79,440 $1.59 1 2 Bed / 2 Bath 1,078 1,078 $2,385 $2,385 $28,620 $2.21 4 2 Bed / 2 Bath 1,097 4,388 $1,975 $7,900 $94,800 $1.80 2 2 Bed / 2 Bath 1,102 2,204 $2,200 $4,400 $52,800 $2.00 1 2 Bed / 2 Bath 1,113 1,113 $2,300 $2,300 $27,600 $2.07 1 2 Bed / 2 Bath 1,185 1,185 $2,500 $2,500 $30,000 $2.11 1 2 Bed / 2 Bath 1,291 1,291 $2,575 $2,575 $30,900 $1.99 1 3 Bed / 2 Bath 1,429 1,429 $2,950 $2,950 $35,400 $2.06 35   987 34,540 $1,741 $60,930 $731,160 $1.76

Income         BerkadiaPro Forma             Scheduled Market Rent         $731,160      Less: Loss to Lease       0.00% $0      Less: Vacancy on Residential       5.00% ($36,558)      Less: Concessions       0.00% $0      Less: Non·Rev/Bad Debt/Adjust       0.25% ($1,828)      Plus: Year·One Rent Growth       0.00% $0 Net Rental Income         $692,774                  Plus: Parking Income         $36,000      Plus: RUBS Income         $28,000      Plus: Other Income         $26,000 Total Operating Income (EGI)         $782,774             Expenses       Per Unit   Administrative       $314 $11,000 Advertising & Promotion       $286 $10,000 Payroll       $1,286 $45,000 Repairs & Maintenance/Turnover       $1,143 $40,000 Management Fee     3.50% $783 $27,397 Utilities       $1,200 $42,000 Real Estate Taxes       $3,429 $120,000 Insurance       $286 $10,000 Replacement Reserve       $250 $8,750 Total Expenses         $314,147                     Per Unit: $8,976         Per SF: $9.10             Net Operating Income         $468,627

PROPERTY SUMMARY INVESTMENT SUMMARY Units 35Built 2008Parking Underground Total SF 34,540Average SF 987Parcel Number 9007930010Type of Buildings One, Seven-StoryMarket Rent $1,741Rent / SF $1.76

Price Unpriced Offering

CONTACT INFORMATIONINVESTMENT SALESKENNY DUDUNAKISSenior Managing Director206.521.7216kenny.dudunakis@berkadia.comJIM JENSENSenior Director253.509.7157jim.jensen@berkadia.comBEN JOHNSONAssociate Director206.801.3144ben.johnson@berkadia.comDAVID SORENSENAssociate Director206.801.3102david.sorensen@berkadia.com

FINANCINGJEFF STUART

Managing Director206.801.3069

jeff.stuart@berkadia.com LOUIS WEISMANManaging Director

206.521.7219louis.weisman@berkadia.com

Berkadia Real Estate Advisors is one of the largest real estate multifamily services firms in the country. The company serves apartmentowners and investors with experienced investment sales advisors and mortgage bankers working from over 60 office locations coast to coast.Berkadia Real Estate Advisors research group is nationally renowned for their comprehensive market reports, which provide investors, lenders,owners, and real estate editors with accurate and timely multifamily market information. If you would like to receive these free reports or formore information, please visit ApartmentUpdate.com.Berkadia Real Estate Advisors makes no warranty or representation about the content of this brochure. It is your responsibility toindependently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and donot represent the current or future performance of the property. The presence of molds may adversely affect the property and the health ofsome. If you have questions or concerns regarding this issue conduct further inspections by a qualified professional.

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Seattle OfficeHannaHeights.BerkadiaREA.com 601 Union Street, Suite 3909 Seattle, Washington 98101 Phone: 206.521.7220 | Fax: 206.521.7222Berkadia.com