INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS

AAA location development site in highly sought-after shoreline submarket.

Rare 0.87 acre site located adjacent to aurora village retail trade area.

Located walking distance from costco, home depot and over 400,000 sf of retail

Attractive mixed business (mb) zoning allowing for development height limits of up to 70 feet and sample massing for 210 units. Zoning allows for development of residential, retail, office, self-storage, and many other uses.

High-visibility location with traffic counts on aurora ave in excess of 33,500 vpd.

Easy access to transit with multiple bus routes within walking distance of the subject property.

Easy access to I-5 and kitsap county via edmonds-kingston ferry.

Current month-to-month lease with kfc allows flexibility of re-development timeframe.

Listing Agents:

2
10,500 SF
$3,700,000

Hydro Rents

INVESTMENT HIGHLIGHTS EARLY 6-YEAR NNN LEASE EXTENSION WITH ADDITION OF SPIDER BY BRANDSAFWAY OPERATIONS In 2022, Spider by BrandSafway, Hydro...

Foss Audio Min
18,900 SF
$5,100,000

Foss Audio

INVESTMENT HIGHLIGHTS PRO-FORMA 7.45% CAP RATE – FAIR MARKET RENT IN LEASE OPTION The tenant is currently paying just $10.74/SF...