206.210.5202jimr@agmrealestate.com

206.210.5202jimr@agmrealestate.com

TROY GESSELJIM REED

AGM, INC.2100 124th Avenue NE, Suite 100

Bellevue, WA 98005425.576.8700 | agmrealestate.com

[ OWNER / USER OR REDEVELOPMENT OPPORTUNITY ]

OFFICE BUILDING FOR SALE

711 Building711 6th Avenue N, Seattle, WA 98109

•

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 2The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

OFFERING SUMMARY

Sale Price: $6,000,000

Lot Size: 12,000 SF

Current Building Size: 10,098 SF

Proposed Building Size: 54,000 SF

Max FAR: 4.5

Zoning: SM-UP 65 (M)

Price / SF: $594.18

Year Built: 1977

Located one block west of WA-99 and two blocks north of Mercer St at the edge of Lower Queen Anne andSouth Lake Union, this two-story office building is in the ideal location for either an owner/user to occupy thecoming vacant suite, or for a future mixed-use redevelopment with multi-family.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS• 7,302 SF office suite (1/2 of first floor plus all of second floor) available for owner/user

• 24 secured parking spots on-site; 19 stalls available to owner/user

• Walking distance to Seattle Center, Bill & Melinda Gates Foundation, QFC, and Lower Queen Anne

• Walk Score of 93

• Transit Score of 85

• Bike Score of 82

• Per FAR $111 PSF

EXECUTIVE SUMMARY711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 3The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

AERIAL VIEW711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 4The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

LOCATION MAPS711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 5The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

Blue shaded area available for owner/user

1ST FLOOR PLAN711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 6The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

Blue shaded area available for owner/user

2ND FLOOR PLAN711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 7The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

ADDITIONAL PHOTOS711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 8The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

ADDITIONAL PHOTOS711 6TH AVENUE N, SEATTLE, WA 98109

Owner UserSale Price 6,000,000

Down Payment 900,000 1,200,000 1,500,000 Debt 5,100,000 4,800,000 4,500,000 LTV 85% 80% 75%

Monthly Debt Payment 26,920 25,336 23,753 Monthly Opera�ng Costs 10,376 10,376 10,376

Monthly Cost of Ownership 37,296 35,712 34,129

Yearly Debt Payment 323,036 304,034 285,032

Yearly Opera�ng Costs 124,516 124,516 124,516

Yearly Cost of Ownership 447,552 428,550 409,547

Yearly Gross Cost of Ownership PSF 47.09$ 45.09$ 43.09$

Average Annual Principal Reduc�on (10 Yrs) (146,067) (137,475) (128,883)

Es�mated Average Cost a�er Principal Reduc�on 301,485 291,075 280,665

Year Cost of Gross Ownership a�er Principal Reduc�on PSF 31.72$ 30.62$ 29.53$

Leasing Scenario Monthly AnnualMarket Rent 19,802 237,625 Parking - 24 stalls @ $150 per month 3,600 43,200 NNN 10,376 124,516

Gross Rent 33,778 405,341

Own vs Leasing Comparison LTV at: 85% 80% 75%

Annual Averages First 5 Years Lease Cost 427,784 427,784 427,784 Ownership Cost 452,633 433,631 414,629 Principal Reduc�on (131,533) (123,796) (116,058) Net Benefit of Ownership (5 Yr Avg.) 106,684 117,949 129,214 Total Benefit of Ownership over 5 Years 533,422 589,746 646,071

Annual Averages First 10 Years Lease Cost 458,275 458,275 458,275 Ownership Cost 459,377 440,375 421,373 Principal Reduc�on (146,067) (137,475) (128,883) Net Benefit of Ownership (10 Yr Avg.) 144,965 155,375 165,785 Total Benefit of Ownership over 10 Years 1,449,653.22 1,553,752.67 1,657,852.12

Inputs/Assumptions: Debt Interest Rate: 4.00% Debt Amortization Period (Yr.) 25 Area (Square Feet) 9,505 NNN (PSF) 13.10$ Market Rental Rate (PSF) 25.00$ Annual OpEx Increase 2.00% Annual Rent Escalations 3.00%

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 9The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

OWNER / USER VALUATION711 6TH AVENUE N, SEATTLE, WA 98109

$42.64 PSF

* Existing tenant in Suite 100 (2,212 SF) until 12/31/2023 pays $21.45 NNN plus parking.

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 10The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

PROPOSED REDEVELOPMENT RENDERING711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 11The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

PROPOSED REDEVELOPMENT PLAN711 6TH AVENUE N, SEATTLE, WA 98109

CONFIDENTIAL OFFERING MEMORANDUM | AGM, INC. 12The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.

POPULATION 1 MILE 2 MILES 3 MILES

Total Population 32,823 114,566 212,391

Median age 34.1 35.3 34.6

Median age (Male) 35.0 35.8 35.2

Median age (Female) 33.0 34.7 34.0

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 22,481 73,387 120,664

# of persons per HH 1.5 1.6 1.8

Average HH income $77,563 $78,084 $78,451

Average house value $590,297 $583,029 $608,252

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP & REPORT711 6TH AVENUE N, SEATTLE, WA 98109