Apartment

2851 Eastlake on Lake Union
127-Unit Mixed Use Apartment

Condominium development with a number of amenities, in close proximity to Lake Sammamish. All units are two-bedroom, two- bathroom. Analysis includes current Market Value and Bulk Value At Completion.  At client’s request, each floor plan was also valued individually on an At Completion basis.

Seattle

Eastlake Waterfront

Four-story building with one level of underground
parking

45 two-bedroom units
and two guest suites

For Mutual of Omaha Bank

Lynnwood

Just north of Seattle

14 two and three-story buildings

Built in 1967

6.75 acre site

For Wells Fargo

Wilshire Cove Apartments
118-Unit Apartment Complex

Complex comprised of 14 wood frame buildings.  Analysis included a number of recent Sale Comparisons, subject income and expense information, income and expenses reported for comparable properties, and market capitalization rate indications.

Proposed On the Park Apartments

268-Unit Mixed Use Apartment Project

Eight-story mixed use apartment building with ground floor retail.  Majority of the ground floor has been pre-leased to a grocery store, with rent to be paid in advance.  615 sf of retail space remain to be leased.

Seattle

Ballard Neighborhood

214,063 sf
residential NRA

18,000 sf site

Appraisal of Leasehold Value