FRELARD COMMERCIAL BUILDING · PDF file94 Bike Score Located near the ... the sun sets,...

1600 University Street | Suite 2018 | Seattle, WA 98101P 206.623.8880 | E [email protected] | ParagonREA.com

Offering Memorandum

FRELARD COMMERCIAL BUILDING

4101 Leary Way NW Seattle, WA, 98107

Exclusively offered by Paragon Real Estate Advisors


Offering Summary

Name Frelard Commercial Building

Address 4101 Leary Way NW, Seattle WA 98107

Total Units Retail/Service Station

Built 1984

Building Size 2,260 Gross Sq.Ft. (Per KCR)

Lot Size 2,750 Square Feet (Per KCR)

Zoning IG2U-45

Price $950,000

Price Per Building Foot $420.35

Price Per Lot Foot $345.45

Terms All Cash

Paragon Real Estate Advisors is pleased to offer for sale the Frelard Commercial Building. Ideally located between Fremont and Ballard, the property is in a zoned Industrial (IG2U-45) area of the Ballard-Interbay-Northend Urban Village. This building is a perfect opportunity for an owner-user looking to run their business.

The property is currently occupied by Hansen and Miller Service Center, and will be delivered vacant at closing. The current owner would prefer a leaseback of 3 months following closing of the transaction.

Please do not disturb tenants. Contact listing agent for more information on touring the property.

FRELARD COMMERCIAL

BUILDING


Investment Highlights

Rare owner-user opportunity

Perfectly situated between Fremont and Ballard

Adjacent to the Burke-Gilman Trail

Easy transit access via Aurora and 15th Ave. NW

Excellent potential for commercial, shop, restaurant or manufacturing ventures.

Zoning: IG2U-45

Located within the Ballard-Interbay-Northend Urban Village

Potential for height allowance to 45 feet


Neighborhood Map

SEATTLE CBD

QUEEN ANNE

FREMONT

WALLINGFORD

ELLIOTT BAY

FRELARD COMMERCIAL

BUILDING

SODOLAKE WASHINGTON

MAGNOLIA

BALLARD

15TH AVE NW


Aerial View


Building Photos


Floor Plans

Intended for conceptual purposes only


Location Highlights

83 Walk Score

94 Bike Score

Located near the popular Burke Gilman Trail

Close to Major Employers: Google, Adobe, Tableau, SPU

Close to Fremont Farmers Market, Center of Universe,

Close to Hale Ales, Outlander, Bad Jimmy Brew Pubs and Breweries

Close to Fred Meyers, PCC Market, Starbucks and many other eateries and services

Direct Access points to Highway 99 and 15th Avenue W providing easy access to Downtown Seattle

Served by Metro Bus Routes 28 and 40 with Rapid Ride located in both Fremont and Ballard


Fremont

This artsy neighborhood on the north shore of the Lake Washington Ship Canal thrives with its bohemian vibe and quirky claims to fame. Here visitors may encounter a super-sized troll dwelling under the Aurora Bridge and topiaries taking on the form of dinosaur. In addition, other landmarks include the Fremont rocket, a Fairchild C-119 tail boom modified to resemble a missile, and the outdoor sculpture Waiting for the Interurban. Since the early 1970s Fremont residents have been referring to their neighborhood as “The Center of the Universe” which also appears on a large welcome sign for the neighborhood. An unofficial motto “De Libertas Quirkas” or “Freedom to be Peculiar” appears in brochures and websites about the area.

The Burke-Gilman Trail winds through Fremont, providing scenic, waterside strolls or bike rides toward Ballard to the West or Gas Works Park to the East.

On 34th Street, the vibrant Fremont Sunday Market fills the area with artwork and tasty eats from local vendors. Sweets-craving visitors should definitely put a tour of Theo Chocolate at the top of their list. After the sun sets, musicians rock out at High Dive and Fremont Abbey Arts Center, a champion of homegrown talent. And, of course, there’s the annual Fremont Fair

and the infamous Solstice Parade during which cyclists don their birthday suits for a body-painted bike ride.

Fremont is home to a slew of Seattle’s largest employers. Adobe Systems’ Seattle offices, Tableau Software’s headquarters, BEA Systems’ Seattle office, golf and daywear label Cutter & Buck’s corporate headquarters, and Brooks Sports’ headquarter are all located in this eclectic neighborhood. Google opened offices here in 2006, and the parent company of Geocaching.com is headquartered in Fremont as well.

Fremont has several breweries including Hale’s Ales brewery and the Fremont Brewing. The original Redhook breweries were located in Fremont until their closures in 1988 and 2002, respectively. You can also grab an amazing sandwich at Paseos, eat a freshly made pie at Pie, slurp a bowl of Pho at Lucky’s, or sit down for creative Mexican cuisine and a killer margarita at el Camino.


Ballard

Ballard is a historic and hip little town located in the northwest region of Seattle. Ballard’s thriving waterfront and blossoming culture makes it one of the most distinguished neighborhoods in Seattle. Once upon a time, Ballard was its own city—a blue-collar, maritime-centric enclave bustling with fishers, millworkers, and boat-builders, many of Scandinavian descent. While the historic neighborhood maintains its working waterfront, a lineup of trendy bars, shops, and restaurants, plus a pedestrian-friendly layout, have helped it transform into one of the city’s popular hot spots for visitors and locals alike.

In recent years, a younger resident profile has been attracted to Ballard through new development, the community’s energetic nightlife, award winning restaurants, quality of life, retail amenities, and close vicinity to Downtown Seattle. Ballard’s unique amenities, rich history, small-town charm, dynamic waterfront and close proximity to Seattle’s most popular neighborhoods make it a prime location to live, work and play.

Ballard is a desirable neighborhood due to its fine dining, charming storefronts, live music and pedestrian friendly environment. Located all within blocks are popular places such as Red Mill Totem House, Trident Seafoods, Kiss Café, The Sloop Tavern, The Lockspot Café, Portage Bay Café, Firehouse Coffee, Pico Café, Ristorante Picolinos, Ray’s Boathouse, Geo’s Cuban and Creole Café, Un Bien (Formerly Paseo) and many more! In addition

to several restaurants and bars close by, there are grocers Quality Food Center, Trader Joe’s, Safeway), banks (Bank of America and Wells Fargo) and recreational destinations such as the Ballard Sunday Farmers Market, the Ballard locks, Salmon Bay Marina, Shilshole Bay Marina and the beautiful beach front Golden Gardens Park which overlooks the majestic Olympic Mountains, providing a year-round oasis for picnics and bonfires.


Paragon Real Estate Advisors

ABOUT PARAGON Paragon Real Estate Advisors is the leading Seattle real estate investment firm for multi-family property sales in Washington State. We have accrued over $3 billion in sales and have closed nearly 1,700 successful real estate transactions. We are locally owned, client-focused and highly experienced. When it comes to apartments and investment real estate in the Puget Sound region, we are the smart choice to partner with. At Paragon, we build long-term partnerships that help our clients reach their long- and short-term real estate investment goals while maintaining maximum profitability for them. Our brokers have an in-depth knowledge of the Washington state real estate market, particularly in the greater Seattle area and the I-5 corridor, that comes from more than 20 years’ experience in the industry. Paragon’s unique focus on sharing knowledge, teamwork and collaboration within the brokerage industry leverages our collective intellect for all our clients. Our brokers provide superior customer representation through our innovative and effective marketing campaigns, co-brokerage, skilled negotiations, and ongoing partnerships.

The information found in this offering memorandum has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

FRELARD COMMERCIAL BUILDING · PDF file94 Bike Score Located near the ... the sun sets,...

Documents

Transcript of FRELARD COMMERCIAL BUILDING · PDF file94 Bike Score Located near the ... the sun sets,...