INVESTMENT OPPORTUNITY OFFERING Alpine Animal Hospital ...€¦ · investment opportunity alpine...
Transcript of INVESTMENT OPPORTUNITY OFFERING Alpine Animal Hospital ...€¦ · investment opportunity alpine...
INVESTMENT OPPORTUNITY
Alpine Animal Hospital888 NW SAMMAMISH ROADISSAQUAH, WA 98027
O F F E R I N G M E M O R A N D U M
1Executive Summary 2 Market
Overview 3 Investment Overview 4Offering
Terms
Pickering Place
Headquarters
1Executive Summary
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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Executive SummaryNAI Puget Sound properties is pleased to offer the sale of Alpine Animal Hospital, a single-tenant NNN investment property located in the heart of Issaquah, Washington. The facility was built in 1996 and has been occupied by the same tenant ever since. The lease is in the second of three five-year option periods with 3% annual rent increases. The property consists of a 6,866 square-foot building situated on a 57,400 square-foot lot.
Located on NW Sammamish Road across from Pickering Place Square retail center, this site benefits from high traffic counts, street frontage and visibility, flexible zoning, and superior income demographics. The site is surrounded by dense retail and office developments featuring Costco’s International Headquarters, Microsoft, Costco Wholesale, Lowe’s, Trader Joe’s, Pier One, Barnes and Noble, and Office Depot.
The offering provides a strong credit single tenant investment property with future upside as a vertical redevelopment supported by attractive and flexible zoning. Current zoning includes medium dense commercial, residential or mixed use projects with an 85 foot maximum height limit.
ADDRESS888 NW Sammamish RoadIssaquah, WA 98027
OFFERING PRICE $6,200,000
NET OPERATING INCOME $331,987
CAP RATE 5.25%
OCCUPANCY 100%
YEAR BUILT 1996
BUILDING AREA 6,866 SF
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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Alpine Animal Hospital888 NW Sammamish RoadIssaquah, Washington 98027
For Sale
BUILDING SIZE6,866 SF
LOT SIZE57,400 SF
ZONINGMU-CI
LEASE TYPENNN with 3% annual increases
ADDITIONAL FEATURESTraffic controlled entrance
ISSAQUAH
SAMMAMISH
LAKE SAMMAMISH STATE PARK
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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HighlightsSuperior LocationThe subject is located adjacent to Pickering Place Square which is home to Costco’s International headquarters and one of Costco’s busiest retail stores.
Excellent Visibility & AccessThe subject benefits from a dedicated traffic signal at the intersection of NW Sammamish Road and Pickering Place. This signal provides exclusive ingress and egress from the north side of NW Sammamish Road.
Flexible ZoningThe current zoning allows for multi-family, office, and mixed-use buildings up to 85 feet. The highest and best use for the site in the future may be for multi-family development or a corporate office location.
Passive InvestmentPassive NNN investment opportunity backed by a credit, recession resistant tenant.
Rent IncreasesThe tenant pays 3% annual increases throughout the options periods providing a hedge against inflation.
Strength of TenantThe tenant has a 23 year tenure at the location and is very happy with the performance of the site. Since inception, Pathway has rapidly grown into 200+ locations across 38 states.
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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Zoning OverviewMixed Use - Central Issaquah (MU-CI)The intent of the Mixed Use district is to provide mixed use neighborhoods with Class A office buildings, retail uses, high quality, medium density residential development and existing service businesses.
Allowable Uses: » Multi-family » Office » Hotels
» Day Care » Grocery Store » General Retail
» Restaurant (w/ Drive Thru) » Recreation » Hospital » and many more
District Standards Summary Table
Zoning Districts
Floor Area Ratio (FAR)
Height Setbacks
Build-To-Line
(Maximum Setback)
Maximum Impervious
Surface
Min Base Max
Res
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Com
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Com
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Res
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Base Max Side Rear
Village Residential N/A N/A 1.25 1.0 3.0 3.0 48’ 65’ 0’ 0’ 0’-15’ 80%
Mixed Use Residential N/A N/A 1.25 1.0 2.0 2.0 40’ 65’ 7’ 7’ 0’-10’ 80%
Urban Core .75 .55 3.0 1.25 5.0 5.0 60’ 125’ 0’ 0’ 0’-10’ 95%
Mixed Use N/A N/A 2.5 1.25 3.5 3.5 60’ 85’ 0’ 0’ 0’-10’ 90%
Intensive Commercial N/A N/A .5 .5 .5 .5 48’ 65’ 0’ 0’ 0’-10’ 90%
Single Family - Suburban See IMC 18.07, Required Development and Design Standards
Community Facilities (except Public Schools and Public Buildings)
Determined by most restrictive contiguous zoning.
Urban Village No Changes
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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Building Plan
*Not to any scale
2Market Overview
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
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arket Overview
Issaquah Market OverviewThe Puget Sound Region is considered one of the fastest growing markets in the United States. Home to innovative industry leaders Amazon, Microsoft, Costco, Starbucks, Boeing, Nordstrom, Expedia, Concur Technologies, Nintendo, and T-Mobile. The presence of these global leaders has attracted companies from all over the country including tech giants Facebook, Google, Apple, Uber, and Salesforce. Exponential growth from these companies has allowed many cities within the Seattle submarket to flourish.
Issaquah is a rapidly growing city within the Puget Sound Region. Home to 37,110 residents, the former coal mining town has transformed into one of the most affluent areas in the region. The city’s close proximity to Seattle (17 miles) and Bellevue (9 miles) factor into being such a desirable location for office tenants. The two biggest employers in the area are Costco and Microsoft. Microsoft has a long-term commitment for nearly 600,000 sf at Sammamish Park Place. Costco currently occupies 400,000 sf in the area, with plans to expand their headquarters by an additional 1.5 million square feet over the next 30 years per an agreement with the City. Currently, a nine story 620,000 SF building is under construction.
Issaquah has 4 distinct shopping districts each providing unique characteristics. The Issaquah Commons is a community shopping center with 377,169 SF and is anchored by Target, Safeway, Trader Joe’s, REI, Bed Bath and Beyond and Ross. Grand Ridge Plaza located in the new Highlands neighborhood is a popular shopping and entertainment district with more than 35 shops and more than 14 restaurants. Gilman Village is a charming mixed use center featuring 40 plus shops, restaurants and personal services. It is one of Puget Sound’s best known and most distinctive shopping destinations. Pickering Place, home of Costco’s World Headquarters and one of their busiest stores provides a nice corporate campus setting amongst big box retailers. Retailers include Costco, Barnes & Noble, PCC Grocery, Lowes, Michael’s, PetSmart, Office Depot, Pier 1 Imports and Red Robin.
Issaquah commercial development is constrained by Lake Sammamish and the three mountains that surround the city – Tiger, Squak and Cougar. Available developable commercial land is in short supply, much of which is controlled by one family with no intentions on selling. Scarcity helps keeps the market tight with rare fluctuations in the market.
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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arket Overview
Retailer Map
Subject Property
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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arket Overview
Nearby Employers
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
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arket Overview
Demographics1
Mile
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3 M
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Mile
Rad
ius
KEY FACTS
4,569Population
38.0
Median Age
2,0792018 Total Households (Esri)
$100,619Median Household Income
EDUCATION
2%
No HighSchool
Diploma 11%High School
Graduate
25%Some College 63%
Bachelor's/Grad/ProfDegree
BUSINESS
947Total Businesses
16,711Total Employees
EMPLOYMENT
86%White Collar
6%Blue Collar
7%Services
5.0%
UnemploymentRate
INCOME
$100,619Median Household
Income
$62,046Per Capita Income
$139,745Median Net Worth
KEY FACTS
62,436Population
38.6
Median Age
24,2722018 Total Households (Esri)
$121,421Median Household Income
EDUCATION
3%
No HighSchool
Diploma 9%High School
Graduate
21%Some College 68%
Bachelor's/Grad/ProfDegree
BUSINESS
2,279Total Businesses
28,021Total Employees
EMPLOYMENT
83%White Collar
8%Blue Collar
9%Services
4.0%
UnemploymentRate
INCOME
$121,421Median Household
Income
$62,818Per Capita Income
$363,860Median Net Worth
KEY FACTS
127,696Population
39.4
Median Age
46,2402018 Total Households (Esri)
$136,168Median Household Income
EDUCATION
3%
No HighSchool
Diploma 8%High School
Graduate
20%Some College 69%
Bachelor's/Grad/ProfDegree
BUSINESS
3,548Total Businesses
40,786Total Employees
EMPLOYMENT
83%White Collar
8%Blue Collar
9%Services
3.9%
UnemploymentRate
INCOME
$136,168Median Household
Income
$64,043Per Capita Income
$500,001Median Net Worth
KEY FACTS
4,569Population
38.0
Median Age
2,0792018 Total Households (Esri)
$100,619Median Household Income
EDUCATION
2%
No HighSchool
Diploma 11%High School
Graduate
25%Some College 63%
Bachelor's/Grad/ProfDegree
BUSINESS
947Total Businesses
16,711Total Employees
EMPLOYMENT
86%White Collar
6%Blue Collar
7%Services
5.0%
UnemploymentRate
INCOME
$100,619Median Household
Income
$62,046Per Capita Income
$139,745Median Net Worth
KEY FACTS
62,436Population
38.6
Median Age
24,2722018 Total Households (Esri)
$121,421Median Household Income
EDUCATION
3%
No HighSchool
Diploma 9%High School
Graduate
21%Some College 68%
Bachelor's/Grad/ProfDegree
BUSINESS
2,279Total Businesses
28,021Total Employees
EMPLOYMENT
83%White Collar
8%Blue Collar
9%Services
4.0%
UnemploymentRate
INCOME
$121,421Median Household
Income
$62,818Per Capita Income
$363,860Median Net Worth
KEY FACTS
127,696Population
39.4
Median Age
46,2402018 Total Households (Esri)
$136,168Median Household Income
EDUCATION
3%
No HighSchool
Diploma 8%High School
Graduate
20%Some College 69%
Bachelor's/Grad/ProfDegree
BUSINESS
3,548Total Businesses
40,786Total Employees
EMPLOYMENT
83%White Collar
8%Blue Collar
9%Services
3.9%
UnemploymentRate
INCOME
$136,168Median Household
Income
$64,043Per Capita Income
$500,001Median Net Worth
KEY FACTS
4,569Population
38.0
Median Age
2,0792018 Total Households (Esri)
$100,619Median Household Income
EDUCATION
2%
No HighSchool
Diploma 11%High School
Graduate
25%Some College 63%
Bachelor's/Grad/ProfDegree
BUSINESS
947Total Businesses
16,711Total Employees
EMPLOYMENT
86%White Collar
6%Blue Collar
7%Services
5.0%
UnemploymentRate
INCOME
$100,619Median Household
Income
$62,046Per Capita Income
$139,745Median Net Worth
KEY FACTS
62,436Population
38.6
Median Age
24,2722018 Total Households (Esri)
$121,421Median Household Income
EDUCATION
3%
No HighSchool
Diploma 9%High School
Graduate
21%Some College 68%
Bachelor's/Grad/ProfDegree
BUSINESS
2,279Total Businesses
28,021Total Employees
EMPLOYMENT
83%White Collar
8%Blue Collar
9%Services
4.0%
UnemploymentRate
INCOME
$121,421Median Household
Income
$62,818Per Capita Income
$363,860Median Net Worth
KEY FACTS
127,696Population
39.4
Median Age
46,2402018 Total Households (Esri)
$136,168Median Household Income
EDUCATION
3%
No HighSchool
Diploma 8%High School
Graduate
20%Some College 69%
Bachelor's/Grad/ProfDegree
BUSINESS
3,548Total Businesses
40,786Total Employees
EMPLOYMENT
83%White Collar
8%Blue Collar
9%Services
3.9%
UnemploymentRate
INCOME
$136,168Median Household
Income
$64,043Per Capita Income
$500,001Median Net Worth
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
14
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arket Overview
Demographics Map
Alpine Animal Hospital Map
Source: ©2018 Esri.
June 25, 2019
©2019 Esri Page 1 of 1
4,569Population
62,436Population
127,696Population
38.0Median Age
39.4Median Age
38.6Median Age
$133,801Avg HH Income
$161,845Avg HH Income
$176,199Avg HH Income
3Investment Overview
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
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Section 3
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arket Overview
Pathway Vet Alliance is a leading national veterinary management company that provides operational support, tools, and resources to existing practices. Founded in 2003, Pathway has grown from a single veterinary clinic into the fourth largest corporate owner of veterinary medical clinics with over 4,000 employees. Their focus is on partnership with local veterinarians, adding value by providing back office functions, payroll management, accounting, consulting and marketing to alleviate the administrative obstacles holding them back.
In 2016, Morgan Stanley Private Equity bought a majority stake in the rapidly expanding company to help fuel their growth through acquisition. Since then, Pathway has expanded to more than 200 locations across 38 states. It is estimated that there are 30,000 vet clinics nationally with 3,200 of those corporately owned.
Pathway Vet Alliance has been ranked No. 1,094 on INC. magazines 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies, joining notable companies such as Microsoft, Dell, Domino’s Pizza, LinkedIn, Yelp, Zillow and many others who gained their first national exposure as honorees on the Inc. 5000.
Tenant ProfilePathway Vet Alliancepathwayvets.com
ADDRESS888 NW Sammamish RdIssaquah, WA 98027
BUILDING AREA 6,866 sf
LAND AREA 57,400
LEASE COMMENCEMENT November 4, 1996
LEASE TERMINATION July 31, 2024
MONTHLY BASE RENT $27,165.66
YEARLY BASE RENT $325,988
RENEWAL OPTION One 5-year option
INCREASES 3% Annually
Company Snapshot
CEO Employees Industry Location Year Founded Locations Status
ShawnMcVey
More than4,000
Pet Care
Austin, Texas
2003 More than 200 locations across 38 states
Private, Independent Company
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
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arket Overview
Lease Abstract
Year Monthly Rent Annual Rent Increase Cap Rate
1 $27,165.66 $325,987.92 3% 5.26%
2 $27,980.63 $335,767.56 3% 5.42%
3 $28,820.05 $345,840.58 3% 5.58%
4 $29,684.65 $356,215.80 3% 5.75%
5 $30,575.19 $366,902.28 3% 5.92%
Assuming exercise of third option
6 $31,492.45 $377,909.34 3% 6.10%
7 $32,437.22 $389,246.62 3% 6.28%
8 $33,410.34 $400,924.02 3% 6.47%
9 $34,412.65 $412,951.74 3% 6.66%
10 $35,445.02 $425,340.30 3% 6.86%
This Lease Abstract does not include Coffee Stand Income.
Lease Abstract & PricingPricing
Actual Net Operating Income
Scheduled Rent $ 325,987.00
(+) Additional Income $ 6,000.00
(=) Effective Gross Income $ 331,987.00
(-) Operating Expenses $ -
(-) Reserves (2%) $ 6,639.74
Net Operating Income $ 325,347.26
Offering Price $ 6,200,000.00
Cap Rate 5.25%
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
18
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arket Overview
Pathway Vet Alliance Locations
1-5 locations
6-10 locations
11-15 locations
16-20 locations
More than 21 locations
WA
OR
CA
NV
ID
UT
AZ NM
CO
TX
OK
KS
NE
SD
NDMT
WY
MN
WI
MI
IL IN
MO
AR
LA
MS ALGA
FL
TN
KY
SC
NC
VA
WV
IA
OHPA
NY
VT
ME
NHMA
CT
RI
NJ
DE
MD
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
19
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arket Overview
Issaquah Sales ComparablesSubject Property 1 2 3
ADDRESS Alpine Animal Hospital888 NW Sammamish RoadIssaquah, WA 98027
Pickering Place1455 11th Avenue NWIssaquah, WA 98027
Former Leather’s Home1520 11th Avenue NWIssaquah, WA 98027
Pogacha Restaurant & Bar120 NW Gilman BoulevardIssaquah, WA 98027
PROPERTY TYPE Class C Medical Office Class B Medical Office General Retail/Freestanding Restaurant
SALE PRICE $6,200,000 $3,200,000 $5,750,000 $3,400,000
SALE DATE N/A January 5, 2018 November 9, 2018 November 2, 2018
BUILDING SIZE 6,866 SF 8,660 SF 13,596 SF 6,560 SF
LAND SIZE 57,400 SF 29,751 SF 58,505 SF 31,799 SF
PRICE PER SF (LAND)
$108.01 $124.36 $98.28 $106.92
ZONING MU-CI R, Issaquah D DIS-5 R, Issaquah
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
20
Section 3
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arket Overview
Issaquah Sales Comparables Map
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
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arket Overview
Issaquah Sales Comparables Price per SF Land
$124.36
$98 .28
$106.92
1 2 3
$109.85Average Per
SF Land
4Offering Terms
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. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Bellevue\Offering Memorandums\Alpine Animal Hospital
Bellevue | Seattle | Tacoma
nai-psp.com
23
Section 4
O
ffering T
erms
Terms of SaleThe Property is being offered “as is”, “where is” and subject to all faults. Seller makes no representation or warranty with respect thereto. Buyer acknowledges that buyer is not relying on any representation or warranty of Seller or of any agent or representative of Seller. All information furnished regarding property for sale is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.
No Contact with SellerAll contact with seller shall be conducted through listing agents with prior written approval.
Offering ProcedureNAI Puget Sound Properties hereby solicits offers to purchase Alpine Animal Hospital located at 888 NW Sammamish Road, Issaquah, WA. Owner shall consider all offers to purchase or lease the property as seller receives such offers. Inquiries concerning the procedures outlined in this Offering Memorandum may be directed to:
Steve Balkman +1 425 586 5606 [email protected]
Rick Graff +1 206 332 1493 [email protected]
Kyle Graff +1 206 332 1494 [email protected]
Andrew Graff +1 206 332 1486 [email protected]
Offering Terms & Procedures
Exclusively marketed by:
Steve Balkman+1 425 586 5606
Rick Graff+1 206 332 1493
Kyle Graff+1 206 332 1494
Andrew Graff+1 206 332 1486