Per Business Park€¦ · the business and industrial area of Mill Creek and Bothell North Communities. The business park appeals ... Repair all curbs Repaint all fire lane and no

Contact:Floyd TaylorCommercial BrokerPhone : 206-276-2096Email : [email protected]

Per Business Park17616 - 17624 15th Ave SE Bothell, WA 98012

CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21 Real Estate LLC.Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each office is independently owned and operated.©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.

TABLE OF CONTENTSTABLE OF CONTENTS

Page 1

PROPERTY INFO & DISCLAIMER

PROPERTY DESCRIPTION

PROPERTY PHOTOS

PHOTOS CONT

INVESTMENT OPPORTUNITY

IMPROVEMENTS

VIRTUAL TOUR

BOTHELL AND MILL CREEK

OFFERING MEMORANDUM

RENT ROLL AND NNN-C

3

4

5

10

15

16

17

18

20

21

CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned byCentury 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and EqualOpportunity Act. Each office is independently owned and operated.©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.

TABLE OF CONTENTSTABLE OF CONTENTS

Page 2

PROFIT AND LOSS-C

DEMOGRAPHIC ANALYSIS

AERIAL & LOCATION REPORT

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CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned byCentury 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and EqualOpportunity Act. Each office is independently owned and operated.©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.

PER BUSINESSPARK

PROPERTYINFO:

PURCHASE PRICE:$7,500,000

PROPERTY ADDRESS:17616 - 17624 15TH AVE SEBOTHELL, WA 98012

YEAR BUILT:1986

PROPERTY SIZE33,714 SQ. FT.

LAND SIZE94,090.00 SQ. FT.

Page 3

COMPANY DISCLAIMERThis information has been obtained from sources believed reliable. We have notverified it and make no guarantee, warranty or representation about it. Anyprojections, opinions, assumptions or estimates used are for example only and donot represent the current or future performance of the property. You and youradvisors should conduct a careful, independent investigation of the property todetermine to your satisfaction the suitability of the property for your needs.Photos herein are the property of their respective owners and use of these imageswithout the express written consent of the owner is prohibited. CENTURY 21Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® areregistered service marks owned by Century 21 Real Estate LLC. Century 21 RealEstate LLC fully supports the principles of the Fair Housing Act and EqualOpportunity Act. Each office is independently owned and operated.©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.

PROPERTY DESCRIPTIONPROPERTY DESCRIPTIONPer Business Park consists of a total of over 2 acres of prime real estate in theheart of the business and industrial area of Mill Creek & Bothell NorthCommunities. The business park appeals to both retail/office and light industrial.There is a total of twenty-two tenants in the property including a variety of userssuch as computer sales & service, various building contractors, fitness facilities,and animal trainers just to mention a few. It is zoned general commercial and hasgreat access with the Swift Green Line and Community Transit both travellingright in front of the property.

Substantial recent improvements have been made to the exterior operatingsystems and interiors of the facility. The exterior has been painted, roof replaced,parking lot paved, sealed, and striped.

Current rent rates are stabilized and NNN’s have been applied consistently tocover expenses. There is room for rate growth as the leases are renegotiated.

Per Business ParkBothell WA 98012

Page 4CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real EstateLLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each office is independently owned and operated.©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.

PROPERTY PHOTOSPROPERTY PHOTOS










PROPERTY PHOTOS

PROPERTY PHOTOS

PROPERTY PHOTOS

PROPERTY PHOTOS

PROPERTY PHOTOS

Per Business Park

We at Century21 Commercial are proud to offer for sale the completely updated property known as The

Per Business Park. This opportunity consists of a total of over 2 acres of prime real estate in the heart of

the business and industrial area of Mill Creek and Bothell North Communities. The business park appeals

to both retail/office and light industrial. There is a total of twenty-two tenants in the property including

a variety of users such as computer sales & service, various building contractors, fitness facilities, and

animal trainers just to mention a few.

Per Business Park has made substantial recent improvements to the exterior operating systems and

interiors of the facility. The exterior has been painted, roof replaced, parking lot paved, sealed, and

striped.

This is a high demand area and type of facility resulting in a high occupancy. Each space is being leased

frequently as soon as a space becomes available. There is a huge LED billboard on the property

producing great income besides a digital monument sign to advertise each distinct business on the

property

The current income is substantial and future value-added opportunities exist that make this a powerful

investment. Current rent rates are stabilized and NNN’s have been applied consistently to cover

expenses. There is room for rate growth as the leases are renegotiated.

The location of the property is on one of the best areas of Bothell Everett Highway just entering the Mill

Creek Community. Again, the property is over 2 acres of prime property, zoned general commercial. The

access is great with the new Swift Green Line and Community Transit both travelling right in front of the

property.

Finally, this property will be a great investment opportunity and a smart choice for the savvy investor.

Per Business Park List of Capital Improvements

Repave all Parking Lots (front and back) Reseal Entire Parking Lot Restripe all parking space Refill cracks in parking lot Repair all curbs Repaint all fire lane and no parking zone on curb Add more parking stalls (total 22) thru out the park Add business exterior signage for each business Add HVAC for unit 113A & 112A Add LED Directorial signage by the entrance from 15th Avenue SE Add Surveyance camera system (HD) in the park (on building A and B) Add retaining wall on the north side between residential houses and park. Add garden by the Bothell & Everett Highway exit Add string lights on both buildings Upgrade Front building exterior wall lights to LED Increase number of Building A wall lights from 5 to 8 lights. Add LED wall lights on back of building B for back parking Paint all exterior wall and Garage door Replace old old led light with latest P5 LED Light (HD) on monument signage Improve unit 102A, 103A, 104A, 106A, 108A 112A, & 113A. Install WIFI throughout the Park Upgrade Business Park sign from Wooden sign to LED sign Install additional electrical outlets on roof top Upgrade Fire Alarm system Add HVAC for unit 107B Add HVAC for unit 111A

Per Business Park

This opportunity consists of a total of over 2 acres of prime real estate, zoned general commercial in the

heart of the business and industrial area of Mill Creek and Bothell North Communities. The business

park appeals to both retail/office and light industrial.

The location of the property is on one of the best areas of Bothell Everett Highway just entering the Mill

Creek Community. The access is great with the new Swift Green Line and Community Transit both

travelling right in front of the property.

This property will be a great investment opportunity and a smart choice for the savvy investor!

Check out the virtual tour online…

Click here or copy this link into your browser:

http://www.viewshoot.com/tour/176151762415thAveSEBothellWA98012_WA_398_76213.html



This report is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of such subject(s). Accordingly, the information in this report is not intended to constitute any legal, consultative or other professional advice, service or contract in any way. North Homes Realty makes no express or implied representations or warranties regarding this report or the information in it. Without limiting the foregoing, CRE Tech, Inc. and North Homes Realty does not warrant that the report or information in it will be error-free or will meet any particular criteria of performance or quality. CRE Tech, Inc. and North Homes Realty expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. Your use of this report and information in it is at your own risk. You assume full responsibility and risk of loss resulting from the use of this report or information in it. None of CRE Tech, Inc., North Homes Realty, or their affiliates, or any partners, principals, stockholders or employees of any thereof will be liable for any special, indirect, incidental, consequential or punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence) or otherwise, relating to the use of this report or information contained in it.

Mill Creek Area Description

Mill Creek is the eighth largest city in Snohomish County, with an estimated population of

20,832 in 2017. It is one of the most affluent suburbs of Seattle and has a median household

income of $86,965 and a per capita income of $42,858, ranking 22nd of 281 areas within

the state, just behind nearby Mukilteo. Approximately 4.1 percent of families and 6.4

percent of the overall population were below the poverty line, including 14.9 percent of

those under the age of 18 and 2.5 percent aged 65 or older.

Educational levels within the city stand at 95% High School Graduate or higher (7352), and

47.7% Bachelor's degree or higher (3688).

The city's population has steadily grown from 3,549 at the time of its incorporation in 1983

to over 19,000 in 2016, due to several annexations.

Mill Creek was ranked 36th on a list of best places to live in by Money magazine in 2013,

based on its quality of life.

Among the largest employers in the city are several retailers, as well as The Everett Clinic

and the Mill Creek Country Club.

As of 2015, Mill Creek has an estimated workforce population of 10,227 people and an

unemployment rate of 2.2 percent. Approximately 3 percent of the city's workers have jobs

located within city limits, with the majority commuting to employers in other cities, with an

average commute time of 31 minutes. Over 21 percent of workers commute to Seattle,

while 16 percent travel to Everett, 8 percent travel to Bellevue, and 5 percent travel to

Bothell.

Bothell


Bothell Area Description

As of the census of 2010, there were 33,505 people, 13,497 households, and 8,779 families residing in the city. The population density was 2,764.4 inhabitants per

square mile (1,067.3/km2). There were 14,255 housing units at an average density of 1,176.2 per square mile (454.1/km2). The racial makeup of the city was 79.7%

White, 1.6% African American, 0.6% Native American, 10.2% Asian, 0.2% Pacific Islander, 3.4% from other races, and 4.5% from two or more races. Hispanic or Latino of

any race were 8.7% of the population.

There were 13,497 households of which 32.0% had children under the age of 18 living with them, 51.9% were married couples living together, 9.1% had a female

householder with no husband present, 4.1% had a male householder with no wife present, and 35.0% were non-families. 27.2% of all households were made up of

individuals and 8.9% had someone living alone who was 65 years of age or older. The average household size was 2.46 and the average family size was 3.00.

The median age in the city was 38.3 years. 22.4% of residents were under the age of 18; 8.1% were between the ages of 18 and 24; 29.3% were from 25 to 44; 28.1%

were from 45 to 64; and 12.1% were 65 years of age or older. The gender makeup of the city was 48.8% male and 51.2% female.

Bothell was until recently predominantly a bedroom community with most of its residents working outside of the city. Starting in the 1990s, several businesses opened

offices in Bothell, creating a regional employment center providing about 20,000 jobs. Many of these businesses are located in the Canyon Park and North Creek

business districts.

Biotechnology is a key industry, with OncoGenex Pharmaceuticals, Seattle Genetics, CMC Icos, Alder Biopharmaceuticals, MDRNA, Blue Heron Biotechnology, Amgen,

Iverson Genetic Diagnostics, and Elitech (formerly Epoch Biosciences and Nanogen) all opening in Bothell. Medical device manufacturers are also located in Bothell,

including Philips Medical Systems and Lockheed Martin Aculight.

Computer technology, data, and telecommunications are well represented, and include companies such as AT&T, AVST, Kinesis, Leviton Voice & Data, Systems

Interface, Silicon Mechanics, Boeing, Lockheed Martin, SonoSite (owned by Fujifilm), T-Mobile, Panasonic Avionics Corporation, Parity Corporation, Vertafore, Allocent,

Teltone, and Google. Microsoft had a Canyon Park campus in the early 2000s

Engineering firms, including electrical engineering, environmental engineering, and civil engineering, are well represented. Examples include SNC-Lavalin, RH2

Engineering, Romac Industries, North Creek Analytical, ECS Engineering, Emulex, and Path Engineers. Bothell also has companies working on new or improved energy

technologies, including Neah Power Systems.

The US Army has a Reserve facility in the northwest part of the city. The Seattle Times moved its main production facility to the North Creek business district in Bothell

in 2001, and national magazine publisher Scotsman guide Media also is headquartered in the city. Defunct retailer Pacific Linen was once based in Bothell until 1996.


Per Business Park Offering Memorandum

Price $7.500,000

Units + Billboard 22 Year Built 1986 Proforma Cap Rate 6.0% Market Cap Rate 7.9% Price/Sqft $181 Rentable Sqft 41,490 Sqft Lot Size 94,089 Sqft / 2.16 Acres Parking Spaces 103 Zoning General Commercial Property Type Retail/Office/Industrial/Show Room Construction Concrete, Glass, Framed Many Upgrades New Floors, A/C, T.I.s, HD Power, etc. Income $539,000 Expenses $134,439

NOI $404,560


Per Business Park NNN Calculation January through December 2018

Expenses Auto Expense 4,331.00 Computer and Internet Expenses 3,566.12 Surveillance Camera & High Tec Technician 2,000.00 Landscaping & Misc. Labor 6,000.00 Insurance Expense 21,000.00 Licenses and Permits 1,316.60 Office Expense 1,500.00 Property Tax 55,690.20 Repairs and Maintenance 2,500.00 Telephone Expense 1,535.09 Utilities Water 10,200.00 Electricity 8,400.00 Garbage 11,400.00 Utilities - Other 5,000.00 Total Utilities 35,000.00

TOTAL SQUARE FEET 31,883 Annual NNN per Square Feet (4.22)

Please submit an executed

Confidentiality Agreement to

access the full financial

Summary report


Per Business Park Monthly Rent Summary

Tenant Name UNIT # Square Feet Rent (1)

Cornerstone Inc. 101A 2,195.00 4,000.00 Mill Creek Martial Arts 102A 1,575.00 2,088.00

Bothell Jiu Jitsu LLC 103A 1,575.00 2,166.40 Bothell Jiu Jitsu LLC 104A 1,574.00 2,166.40

Mill Creek Comics 105A 1,575.00 3,300.00 Used Gadget 106A 1,827.00 3,327.00

Flying Bird Trading 107A 1,827.00 2,685.00 K9 Dog Training 108A 1,575.00 2,599.00

ICE Tech 109A 1,575.00 2,000.00 Fit for Life 110A 1,575.00 1,634.00

Grace Gana 112 2,400.00 2,846.00 Computer Concept 113A 1,675.00 3,640.00

Vacant 101B 827.00 1,450.00 Seattle Auto Repair 102B 1,545.00 1,834.00

Anderton Enterprises LLC 103B 1,991.00 2,088.00 Vacant 111A 1,900.00 -

Garage Tech 104B 2,100.00 2,700.00 Supreme Granite 105B 2,038.00 2,800.00

All Seasons Waterproofing 106B 1,991.00 2,633.00 Kate Quinn 107B 2,500.00 4,025.00

OTHER INCOME Billboard 2,414.66

Garage Tech - back parking 100.00 Cornerstone Inc. 200.00

Supreme Granite 300.00

TOTAL 35,840.00 52,996.46

Annual 635,957.46

The rent is included in NNN charges




Summary report


Per Business Park Profit & Loss January through December 2018

Income Reimbursement Charges 2,568.00 Rental Income 17616-17624 101A 41,588.52 101B 19,659.88 102A 20,400.00 102B 18,095.00 103A 49,804.22 103B 25,469.38 104A 2,580.00 104B 47,487.31 105A 33,170.00 105B 37,200.00 106A 13,615.38 106B 23,989.92 107A 14,688.00 107B 30,165.54 108A 17,298.00 109A 17,103.00 110A 18,044.00 111A 1,634.00 112A 11,203.21 113A 31,410.00 Billboard 29,120.80 Church 32,633.00

Total Rental Income 536,359.16

Total Income 538,927.16




Summary report


Expenses

Total Auto Expense 4,331.22 Bank Service Charges 136.00 Commission 28,861.00 Computer and Internet Expenses 3,566.12 Consulting Fee 0.00 Contract Labor 6,000.00 Depreciation Expense 0.00 Equipment Rental 0.00 Eviction 230.00 Gift 0.00 Insurance Expense 20,069.93 Interest Expense 85,450.77 Licenses and Permits 1,316.60 Office Expense 1,830.00 Office Supplies 1,414.80 Property Tax 55,690.20 Rental Fee 100.00 Repairs and Maintenance 4,073.85 Small Tools and Equipment 300.00 Telephone Expense 1,535.09 Utilities 17616 15th Ave SE, Bothell 429.89 17624 15th Ave SE, Bothell 9,042.85 Electricity 9,254.46 Garbage 9,484.70 Utilities - Other 5,093.34

Total Utilities 33,305.24

Total Expense 248,210.82

Net Income 290,716.34




Summary report

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012LOCATION/STUDY AREA MAP (AREA POLYGON)

Page 25

CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLCfully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each office is independently owned and operated.

© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.

Floyd Taylor, CommercialBrokerNorth Homes RealtyPhone: 206-276-2096Email: [email protected] 19th Ave SE , Everett WA 98204

2018 Population by Race2018 Population by Race

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0White Black Am.Ind. Asn/Pac Other Two+

66.6%

3.0% 0.7%

21.7%

2.9% 5.1%

<5

5-19

20-24

25-34

35-44

45-54

55-64

65+

2018 Population by Age2018 Population by Age

6.5%

19.6%5.7%

14.8%

15.3%

13.7% 12.4%

11.9%

2018 Percent Hispanic Origin: 8.3%

HouseholdsHouseholds

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0Census 2010 2018 2023

26,232

31,76535,152

<$100K

$100-199K

$200-299K

$300-399K

$400-499K

$500K+

2018 Home Value2018 Home Value

2.6%

2.8%

10.5%

24.8%

26.8%

32.5%

2018-2023 Annual Growth Rate2018-2023 Annual Growth Rate

Pe

rcen

t

3

2.5

2

1.5

1

0.5

0Population Households Median Household Income Owner Occupied Housing Units

2.152.05 2.02

2.41

2018

2023

Household IncomeHousehold Income

Pe

rcen

t

25

20

15

10

5

0<$15K $15K-$25K $25K-$35K $35K-$50K $50K-$75K $75K-$100K $100K-$150K $150K-$200K $200K+

Source: Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012GRAPHIC PROFILE

Page 26




SummarySummary Census 2010Census 2010 20182018 20232023

Population 69,512 86,084 95,731

Households 26,232 31,765 35,152

Families 18,368 22,211 24,547

Average Household Size 2.64 2.70 2.72

Owner Occupied Housing Units 18,041 21,931 24,700

Renter Occupied Housing Units 8,191 9,834 10,452

Median Age 35.7 37.1 37.8

Trends: 2018 - 2023 Annual RateTrends: 2018 - 2023 Annual Rate AreaArea StateState NationalNational

Population 2.15% 1.30% 0.83%

Households 2.05% 1.27% 0.79%

Families 2.02% 1.22% 0.71%

Owner HHs 2.41% 1.52% 1.16%

Median Household Income 2.02% 2.92% 2.50%

2018 2018 2023 2023

Households by IncomeHouseholds by Income Number Percent Number Percent

<$15,000 1,305 4.1% 1,141 3.2%

$15,000 - $24,999 1,071 3.4% 941 2.7%

$25,000 - $34,999 1,326 4.2% 1,181 3.4%

$35,000 - $49,999 2,801 8.8% 2,563 7.3%

$50,000 - $74,999 4,966 15.6% 4,701 13.4%

$75,000 - $99,999 4,862 15.3% 5,019 14.3%

$100,000 - $149,999 7,524 23.7% 9,198 26.2%

$150,000 - $199,999 3,862 12.2% 4,748 13.5%

$200,000+ 4,049 12.7% 5,660 16.1%

Median Household Income $97,039 $107,249

Average Household Income $119,724 $137,471

Per Capita Income $44,453 $50,798

Census 2010 Census 2010 2018 2018 2023 2023

Population by AgePopulation by Age Number Percent Number Percent Number Percent

0 - 4 4,931 7.1% 5,554 6.5% 6,161 6.4%

5 - 9 4,894 7.0% 5,945 6.9% 6,285 6.6%

10 - 14 4,701 6.8% 5,949 6.9% 6,441 6.7%

15 - 19 4,333 6.2% 5,016 5.8% 5,681 5.9%

20 - 24 4,160 6.0% 4,897 5.7% 4,793 5.0%

25 - 34 10,989 15.8% 12,759 14.8% 14,168 14.8%

35 - 44 11,067 15.9% 13,202 15.3% 15,029 15.7%

45 - 54 10,562 15.2% 11,818 13.7% 12,450 13.0%

55 - 64 7,802 11.2% 10,716 12.4% 11,222 11.7%

65 - 74 3,559 5.1% 6,607 7.7% 8,442 8.8%

75 - 84 1,711 2.5% 2,548 3.0% 3,767 3.9%

85+ 802 1.2% 1,073 1.2% 1,293 1.4%

Census 2010 Census 2010 2018 2018 2023 2023

Race and EthnicityRace and Ethnicity Number Percent Number Percent Number Percent

White Alone 50,237 72.3% 57,313 66.6% 63,810 66.7%

Black Alone 1,569 2.3% 2,581 3.0% 2,866 3.0%

American Indian Alone 463 0.7% 562 0.7% 631 0.7%

Asian Alone 12,072 17.4% 18,302 21.3% 20,268 21.2%

Pacific Islander Alone 253 0.4% 400 0.5% 443 0.5%

Some Other Race Alone 1,800 2.6% 2,515 2.9% 2,805 2.9%

Two or More Races 3,118 4.5% 4,413 5.1% 4,909 5.1%

Hispanic Origin (Any Race) 5,110 7.4% 7,173 8.3% 7,981 8.3%

Data Note: Data Note: Income is expressed in current dollars.


PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012DEMOGRAPHIC AND INCOME

Page 27




Area

State

USA

Trends 2018-2023Trends 2018-2023

Ann

ua

l R

ate

(in

pe

rcen

t) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

2018

2023

Population by AgePopulation by Age

Pe

rcen

t

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K4.1%

$15K - $24K3.4%

$25K - $34K

4.2%

$35K - $49K

8.8%

$50K - $74K15.6%

$75K - $99K15.3%

$100K - $149K

23.7%$150K - $199K

12.2%

$200K+

12.7%

2018 Population by Race2018 Population by Race

Pe

rcen

t

65

60

55

50

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 8.3%


PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012DEMOGRAPHIC AND INCOME

Page 28




PopulationPopulation

2000 Population 51,591




2000-2010 Annual Rate 3.03%

2010-2018 Annual Rate 2.63%

2018-2023 Annual Rate 2.15%

2018 Male Population 49.5%

2018 Female Population 50.5%

2018 Median Age 37.1

In the identified area, the current year population is 86,084. In 2010, the Census count in the area was 69,512. The rate of change since

2010 was 2.63% annually. The five-year projection for the population in the area is 95,731 representing a change of 2.15% annually from

2018 to 2023. Currently, the population is 49.5% male and 50.5% female.

Median AgeMedian Age

The median age in this area is 37.1, compared to U.S. median age of 38.3.

Race and EthnicityRace and Ethnicity

2018 White Alone 66.6%

2018 Black Alone 3.0%

2018 American Indian/Alaska Native Alone 0.7%

2018 Asian Alone 21.3%

2018 Pacific Islander Alone 0.5%

2018 Other Race 2.9%

2018 Two or More Races 5.1%

2018 Hispanic Origin (Any Race) 8.3%

Persons of Hispanic origin represent 8.3% of the population in the identified area compared to 18.3% of the U.S. population. Persons of

Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from

different race/ethnic groups, is 58.5 in the identified area, compared to 64.3 for the U.S. as a whole.

HouseholdsHouseholds

2000 Households 19,235

2010 Households 26,232

2018 Total Households 31,765

2023 Total Households 35,152

2000-2010 Annual Rate 3.15%

2010-2018 Annual Rate 2.35%

2018-2023 Annual Rate 2.05%

2018 Average Household Size 2.70

The household count in this area has changed from 26,232 in 2010 to 31,765 in the current year, a change of 2.35% annually. The five-year

projection of households is 35,152, a change of 2.05% annually from the current year total. Average household size is currently 2.70,

compared to 2.64 in the year 2010. The number of families in the current year is 22,211 in the specified area.

Data Note: Data Note: Income is expressed in current dollarsSource: Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012EXECUTIVE SUMMARY (AREA POLYGON)

Page 29




Median Household IncomeMedian Household Income

2018 Median Household Income $97,039

2023 Median Household Income $107,249

2018-2023 Annual Rate 2.02%

Average Household IncomeAverage Household Income

2018 Average Household Income $119,724

2023 Average Household Income $137,471

2018-2023 Annual Rate 2.80%

Per Capita IncomePer Capita Income

2018 Per Capita Income $44,453

2023 Per Capita Income $50,798

2018-2023 Annual Rate 2.70%

Households by IncomeHouseholds by Income

Current median household income is $97,039 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $107,249 in five years, compared to $65,727 for all U.S. households

Current average household income is $119,724 in this area, compared to $83,694 for all U.S. households. Average household income is

projected to be $137,471 in five years, compared to $96,109 for all U.S. households

Current per capita income is $44,453 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to

be $50,798 in five years, compared to $36,530 for all U.S. households

HousingHousing

2000 Total Housing Units 20,060

2000 Owner Occupied Housing Units 13,663

2000 Renter Occupied Housing Units 5,571

2000 Vacant Housing Units 826




2010 Vacant Housing Units 1,490









Currently, 66.7% of the 32,862 housing units in the area are owner occupied; 29.9%, renter occupied; and 3.3% are vacant. Currently, in

the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there

were 27,722 housing units in the area - 65.1% owner occupied, 29.5% renter occupied, and 5.4% vacant. The annual rate of change in

housing units since 2010 is 7.85%. Median home value in the area is $435,834, compared to a median home value of $218,492 for the U.S.

In five years, median value is projected to change by 3.23% annually to $510,850.

Data Note: Data Note: Income is expressed in current dollarsSource: Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012EXECUTIVE SUMMARY (AREA POLYGON)

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Source: Source: ©2019 Kalibrate Technologies (Q4 2018).

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012TRAFFIC COUNT - STUDY AREA (AREA POLYGON)

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Per Business Park17616 - 17624 15th Ave SE, Bothell, WA, 98012

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012AREA LOCATION MAP

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CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each office is

independently owned and operated.



Per Business Park17616 - 17624 15th Ave SE, Bothell, WA, 98012

PER BUSINESS PARK17616 - 17624 15th Ave SE, Bothell, WA, 98012AERIAL ANNOTATION MAP

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CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each office is

independently owned and operated.



206-276-2096

[email protected]

10025 19th Ave SE , Everett, WA, 98204

NORTH HOMES REALTYFLOYD TAYLOR,COMMERCIAL BROKER

CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supportsthe principles of the Fair Housing Act and Equal Opportunity Act. Each office is independently owned and operated.©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.

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Per Business Park€¦ · the business and industrial area of Mill Creek and Bothell North Communities. The business park appeals ... Repair all curbs Repaint all fire lane and no