Investment or Owner/User Opportunity OFFERING Pacific Rim ...

Investment or Owner/User Opportunity

Pacific Rim Building

21400 International Boulevard, Seatac, WA

OFFERING MEMORANDUM

Headquarters & Distribution

Subject Property

1PROPERTY OVERVIEW

2MARKET OVERVIEW

3INVESTMENT OVERVIEW

4LOCATION OVERVIEW

Section 1

Property Overview

Property Overview

A Prestigious Symbol of Corporate Identity

21400 International Boulevard in Seatac, Washington is adjacent to the fastest growing international airport in the west, Seattle Tacoma International Airport.

?? Incredible opportunity to buy a 100% leased asset in the midst of the construction boom for less than $160 per square foot -- nearly half of today's construction costs

?? 14 blocks from the airport runway, 4 blocks from the Alaska Airlines Corporate Offices, and 2 blocks from FAA Regional Headquarters

?? Short-term under market leases provide an investor with future upsides or an owner-user the chance to build their company's future

?? Impressive presence overlooking International Boulevard with waterway views and airport runways in the distance

?? Professionally managed by a Certified Commercial Investment Member (CCIM), new roof installed in 2019, and common areas are being recarpeted and painted prior to sale

?? New light rail and SR 509 extensions within blocks from the building

21400 International Boulevard ADDRESS

Seatac, WA 98198 OFFERING PRICE $2,285,000

BUILDING AREA 14,573 SF PRICE PER SF $156.80 OCCUPANCY 100%

NET OPERATING INCOME $102,699

Bellevue | Seattle | Tacoma nai-

The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\21400 International Boulevard - KS

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Section 1

Property Overview

Pacific Rim Building

21400 International Boulevard Seatac, Washington 98198

BUILDING SIZE 16,573 SF

LOT SIZE 34,848 SF

ZONING UH900

PARCEL NUMBER 092204-9389

TRAFFIC COUNT 28,871 Vehicles per day

YEAR BUILT 1984 (Renovated in 2000)

Bellevue | Seattle | Tacoma nai-

The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\21400 International Boulevard - KS

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