FOR SALE: $3,950,000 GLASSWORKS BUILDING927 RAINIER AVE S, SEATTLE, WA 98144

1218 Third AvenueSuite 2200Seattle, WA 98101

www.orioncp.com P// 206.734.4100Established in 2010

REPRESENTED BY//DAN FOSTERP // 206.445.7662 dfoster@orioncp.com

MATTHEW HINRICHSP // 206.445.7663mhinrichs@orioncp.com

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Address927 RAINIER AVE S, SEATTLE, WA 98144

Offering Price $3,950,000

Building Size 9,970 SF

Total Land Area 14,761 SF

Parcel #713380-0170, 713380-0175, 713380-0205

Use OWNER/USER

ZoningIC65**Opportunity Zone with $1,000 improvements tax assessment.

Year Built 1906 RENO 1980

THE OFFERINGORION Commercial Partners is excited to offer for sale the Glassworks Building located at 927 Rainier Ave S in the developing Judkins Park neighborhood of Seattle, WA.

The seller occupied building has great existing build-out. The building is a desirable mix of office, flex-production & storage space with heavy power to accommodate unique uses. Occupancy timeline to be discussed with Seller. Seller will vacate the building after closing per a timeline to be discussed with buyer.

The Glassworks Building is located just north of the future Judkins Park Link Light Rail station at Rainier Avenue and I-90. The vibrant and evolving Rainier Ave Corridor has fantastic access to the region and boasts over a 120,000 vehicles per day count on I-90. The immediate area also has very strong demographics with a population of over 215,604 and an Average Household Income of over $110,743 in a 3-mile radius from the subject property.

INVESTMENTSUMMARY

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PROPERTY PROFILE

SUBJECT PROPERTY

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PROPERTY PROFILE

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PROPERTY PROFILE PRODUCTION LEVEL SPACE

POTENTIAL OUTDOOR BREAK AREA

COVERED COURTYARD/LOADING AREASOME AREAS ON PRODUCTION FLOOR PREVIOUSLY OFFICE

HEAVY POWER PRODUCTION AREA

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PROPERTY PROFILE FLOOR PLAN

FLOOR #1 // PRODUCTION & STORAGETOTAL 6,472 (AT GRADE)

FLOOR #2 // OFFICE SPACETOTAL 3,498 (AT GRADE)

COVERED COURTYARD(NOT PART OF FOOTAGE)

OUTDOOR BREAK AREA

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PROPERTY PROFILE PARCEL MAP

713380-0170

713380-0175

713380-0205

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PROPERTY PROFILE AREA AERIAL

N

SUBJECT PROPERTY

FUTURE JUDKINS PARKLIGHT RAIL STATION

KING STREET STATION

LESCHI

SQUIRE PARK

JUDKINS PARK

NORTH BEACON

HELL

PIONEER SQUARE

INTERNATIONAL DISTRICT

CBD

SODO

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RADIUS 1 MILE 3 MILE 5 MILE

POPULATION:

2024 Projection 39,652 237,654 502,694

2019 Estimate 36,547 215,604 461,977

2010 Census 29,149 150,024 358,655

Growth 2019-2024 8.50% 10.23% 8.81%

Growth 2010-2019 25.38% 43.71% 28.81%

2019 Population Hispanic Origin 3,966 17,495 33,514

RADIUS 1 MILE 3 MILE 5 MILE

2019 POPULATION BY RACE:

White 15,174 129,255 293,930

Black 7,430 28,848 47,142

Am. Indian & Alaskan 487 2,723 4,451

Asian 11,255 42,715 90,744

Hawaiian & Pacific Island 242 873 2,095

Other 1,958 11,190 23,614

U.S. Armed Forces: 74 729 1,087

HOUSEHOLDS:

2024 Projection 17,625 121,865 233,746

2019 Estimate 16,275 110,743 215,060

2010 Census 13,201 78,453 169,481

Growth 2019 - 2024 8.29% 10.04% 8.69%

Growth 2010 - 2019 23.29% 41.16% 26.89%

Owner Occupied 4,627 34,093 83,016

Renter Occupied 11,649 76,650 132,044

2019 AVG HOUSEHOLD INCOME $84,020 $112,196 $114,718

2019 MED HOUSEHOLD INCOME $58,996 $85,143 $86,553

2019 HOUSEHOLDS BY HOUSEHOLD INC:

<$25,000 4,335 19,344 34,527

$25,000 - $50,000 3,026 16,121 32,101

$50,000 - $75,000 2,310 14,110 28,689

$75,000 - $100,000 1,964 14,286 26,426

$100,000 - $125,000 1,187 11,691 22,297

$125,000 - $150,000 850 8,424 16,012

$150,000 - $200,000 1,286 9,791 20,937

$200,000+ 1,315 16,976 34,070

DEMOGRAPHICS1, 3 & 5 MILE RADIUS

1 MILE

3 MILES

5 MILES