MLT Assemblage - commercialmls.com
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MLT Assemblage MLT , Mount Lake Terrace WA 98043 O F F E R I N G M E M O R A N D U M
Transcript of MLT Assemblage - commercialmls.com
MLT AssemblageMLT , Mount Lake Terrace WA 98043
O F F E R I N G M E M O R A N D U M
MLT Assemblage CONTENTS
Exclusively Marketed by:
Ricky Mouw Charles Doepp Erik Robbins Broker Remax Northwest Commercial Broker Remax Northwest Commercial Broker Remax Northwest Commercial(360) 920-7053 (425) 280-4550 (602) [email protected] [email protected] [email protected]: 80899
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.
01 Executive Summary Investment Summary Location Summary
02 Property Description Property Features Aerial Map
03 Demographics Demographics Demographic Charts Advisor Profile
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Executive Summary
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Investment Summary
Location Summary
MLT Assemblage Investment Summary | 04
OFFERING SUMMARYADDRESS MLT
Mount Lake Terrace WA 98043
MARKET North Seattle
SUBMARKET Mount Lake Terrace
OFFERING PRICE $0
PRICE PSF $0.00
LAND SF 85,031 SF
LAND ACRES 1.95
ZONING TYPE Mount Lake Terrace -TC
# OF PARCELS 9
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2020 Population 15,138 142,433 299,4432020 Median HH Income $69,509 $84,336 $90,8002020 Average HH Income $88,926 $111,595 $116,922
Mount Lake Terrace Development Assemblage
• Rare TOD 2 acre development opportunity.Up to 12 stories height allowanceAdjacent to MLT Town CenterAdjacent to Veterans park and walking to new MLT light railSnohomish CountyEasy access to I5Potential for large mixed-use project
MLT Assemblage Location Summary | 05
Regional Map
Locator Map
MLT Development Assemblage
• Ideally situated just 14 miles north of downtown Seattle, and 11miles to the University of Washington, Mountlake Terrace hasbecome a bustling and inviting community for people to live andwork. Its close proximity to Seattle, Bellevue, and Everett hasattracted those looking for a great community while still being closeto major thoroughfares, universities, and employment centers.Thanks to numerous transit lines servicing the city, quick access toI-5, and a new upcoming light rail station, Mountlake Terrace ismore accessible than ever. As real estate prices in Seattle haveincreased exponentially over the last decade, Mountlake Terracehas welcomed those looking for more space at a lower cost andhas embraced local businesses. They are ready to welcome yourproject to this centrally located and highly visible section of land.Come build something new at the gateway to Washington's fastest-growing county.
The city of Mountlake Terrace prides itself on investing in itsinfrastructure and economic development, and fostering communitygrowth. Already in the process of revitalizing its city center,Mountlake Terrace is on track to become the up-and-comingsuburb to live and work in the Seattle-metro area. As this regionshows no signs of slowing down its population growth, andbusinesses continue to expand outside of downtown cores, theopportunity to capitalize in Mountlake Terrace would enable yourproject to be on the forefront of this area's fast-paced growth andsuccess.
MLT Assemblage Video
•https://www.mountlaketerraceassemblage.com/
MLT Assemblage Location Summary | 06
Useful links
• https://www.soundtransit.org/system-expansion
https://communitytransit.blogspot.com/2020/07/photo-tour-sound-transits-link-light.html
https://www.cityofmlt.com/2009/Light-Rail-Station
https://www.cityofmlt.com/1922/Civic-Campus-Project
Development Parcels
• Active Parcels524800000100.008712524800000700.001359424800000800.0013939524800000900.008276524800001000.007405524800001100.007405524800001200.0010019524800000600.008276524800000200.007405
Sq Ft Total 85031Acres 1.95
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Property Description
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Property Features
Aerial Map
Parcel Map
Additional Maps
Pictures with Captions
MLT Assemblage Property Features | 08
PROPERTY FEATURESLAND SF 85,031LAND ACRES 1.95# OF PARCELS 9ZONING TYPE Mount Lake Terrace -TC
MLT Assemblage Aerial Map | 09
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Demographics
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Demographic Details
Demographic Charts
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POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 14,422 128,872 244,851
2010 Population 14,277 129,779 261,375
2020 Population 15,138 142,433 299,443
2025 Population 15,726 150,665 322,052
2020 African American 1,193 7,952 16,482
2020 American Indian 160 1,247 2,430
2020 Asian 2,199 22,197 53,992
2020 Hispanic 2,534 14,048 27,687
2020 Other Race 1,199 5,904 11,166
2020 White 9,202 95,796 195,940
2020 Multiracial 1,005 8,301 17,455
2020-2025: Population: Growth Rate 3.85 % 5.65 % 7.35 %
2020 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 399 3,077 5,888
$15,000-$24,999 457 3,299 5,938
$25,000-$34,999 441 3,364 6,322
$35,000-$49,999 894 5,793 10,958
$50,000-$74,999 1,265 10,161 19,286
$75,000-$99,999 1,002 7,823 15,975
$100,000-$149,999 1,130 11,803 25,789
$150,000-$199,999 546 6,330 14,034
$200,000 or greater 368 6,641 14,726
Median HH Income $69,509 $84,336 $90,800
Average HH Income $88,926 $111,595 $116,922
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 6,332 52,996 99,772
2010 Total Households 6,128 53,330 104,894
2020 Total Households 6,502 58,292 118,917
2025 Total Households 6,773 61,606 127,488
2020 Average Household Size 2.29 2.42 2.49
2000 Owner Occupied Housing 3,088 33,025 63,385
2000 Renter Occupied Housing 2,986 18,341 32,968
2020 Owner Occupied Housing 3,517 37,933 77,898
2020 Renter Occupied Housing 2,985 20,359 41,019
2020 Vacant Housing 416 2,520 4,956
2020 Total Housing 6,918 60,812 123,873
2025 Owner Occupied Housing 3,650 39,800 82,917
2025 Renter Occupied Housing 3,122 21,806 44,571
2025 Vacant Housing 417 2,429 4,808
2025 Total Housing 7,190 64,035 132,296
2020-2025: Households: Growth Rate 4.10 % 5.55 % 7.00 %
Source: esri
MLT Assemblage Demographics | 12
2020 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2020 Population Age 30-34 1,096 9,380 20,872
2020 Population Age 35-39 1,134 9,632 21,096
2020 Population Age 40-44 1,071 8,811 19,340
2020 Population Age 45-49 938 8,757 19,218
2020 Population Age 50-54 977 9,661 20,092
2020 Population Age 55-59 1,068 10,471 21,485
2020 Population Age 60-64 899 10,160 20,345
2020 Population Age 65-69 770 9,115 17,976
2020 Population Age 70-74 556 7,042 13,563
2020 Population Age 75-79 324 4,603 8,681
2020 Population Age 80-84 234 3,104 5,727
2020 Population Age 85+ 283 3,912 6,998
2020 Population Age 18+ 12,168 115,753 239,981
2020 Median Age 38 43 41
2020 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $76,487 $82,316 $85,428
Average Household Income 25-34 $90,612 $103,129 $105,252
Median Household Income 35-44 $84,240 $101,371 $106,308
Average Household Income 35-44 $102,682 $121,328 $127,418
Median Household Income 45-54 $83,806 $107,295 $112,537
Average Household Income 45-54 $102,188 $133,082 $138,452
Median Household Income 55-64 $70,875 $98,917 $102,827
Average Household Income 55-64 $88,492 $125,119 $129,813
Median Household Income 65-74 $55,244 $73,034 $77,314
Average Household Income 65-74 $79,345 $103,088 $108,869
Average Household Income 75+ $55,170 $78,649 $81,643
2025 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2025 Population Age 30-34 1,294 11,012 24,560
2025 Population Age 35-39 1,020 10,025 22,954
2025 Population Age 40-44 1,082 10,066 22,130
2025 Population Age 45-49 1,052 9,154 19,949
2025 Population Age 50-54 925 9,079 19,870
2025 Population Age 55-59 938 9,691 20,237
2025 Population Age 60-64 1,002 10,230 20,823
2025 Population Age 65-69 824 9,812 19,605
2025 Population Age 70-74 673 8,561 16,818
2025 Population Age 75-79 484 6,458 12,329
2025 Population Age 80-84 272 3,965 7,452
2025 Population Age 85+ 281 4,243 7,710
2025 Population Age 18+ 12,680 122,966 259,268
2025 Median Age 38 43 41
2025 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $81,457 $89,971 $94,208
Average Household Income 25-34 $98,763 $113,767 $117,203
Median Household Income 35-44 $90,663 $108,988 $114,601
Average Household Income 35-44 $110,853 $137,643 $144,397
Median Household Income 45-54 $90,130 $113,609 $120,378
Average Household Income 45-54 $111,828 $144,210 $151,557
Median Household Income 55-64 $77,073 $106,032 $110,427
Average Household Income 55-64 $96,688 $138,099 $143,874
Median Household Income 65-74 $59,525 $81,084 $86,343
Average Household Income 65-74 $86,635 $117,971 $125,376
Average Household Income 75+ $62,021 $92,311 $96,069
MLT Assemblage Demographic Charts | 13
1 Mile Radius 3 Mile Radius 5 Mile Radius
2020 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2020 Population by Race
MLT Assemblage Demographic Charts | 14
2020 Household Occupancy - 1 Mile Radius
Average Income Median Income
2020 Household Income Average and Median
MLT Assemblage Advisor Profile | 15
Ricky Mouw Broker Remax Northwest Commercial
Rick has immersed himself in the commercial world of real estate and brings a wealth of knowledgeand experience for over 20 years, both for sellers and buyers. With a winsome personality he cantake the most complicated of situations and present them in a simple, solvable and clear cut way. Hebrings a balance of wisdom and know-how which allows him to work successfully leaving his clientsvery pleased with the results.
MLT Assemblage Advisor Profile | 16
Charles DoeppBroker Remax Northwest Commercial
With corporate experience as an operations executive managing projects worldwide to working onnationally registered historic buildings, Charles has been in real estate for 15 years. Whetheraggressively marketing a property for sale or finding that diamond in the rough for a discerninginvestor, Charles brings the ability to analyze complex issues to create simple, robust, effectivesolutions. He is actively involved in giving time and resources to support special needs in thecommunity and is an enthusiastic supporter of Seattle Children’s Hospital.
MLT Assemblage Advisor Profile | 17
Erik RobbinsBroker Remax Northwest Commercial
Erik has been actively involved in Real Estate since 1999. Over the last 20 years, he has beeninvolved in all aspects of commercial real estate transactions with a value of over $350,000,000.During this period he has actively participated in sales, development, advisement, corporate liaison,principal ownership, and project management. This work has also brought him into many interestingand diverse project locations such as Arizona, Tennessee, Washington, Texas, Haiti, and Costa Rica.
Outside of real estate, Erik enjoys spending time outdoors with his family, traveling, and flying smallairplanes.
MLT Assemblage
Exclusively Marketed by:
Ricky Mouw Charles Doepp Erik Robbins Broker Remax Northwest Commercial Broker Remax Northwest Commercial Broker Remax Northwest Commercial(360) 920-7053 (425) 280-4550 (602) [email protected] [email protected] [email protected]: 80899
CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromRemax Northwest Commercial and it should not be made available to any otherperson or entity without the written consent of Remax Northwest Commercial.
By taking possession of and reviewing the information contained herein the recipientagrees to hold and treat all such information in the strictest confidence. Therecipient further agrees that recipient will not photocopy or duplicate any part of theoffering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to Remax Northwest Commercial. Thisoffering memorandum has been prepared to provide summary, unverified financialand physical information to prospective purchasers, and to establish only apreliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligenceinvestigation. Remax Northwest Commercial has not made any investigation, andmakes no warranty or representation with respect to the income or expenses for thesubject property, the future projected financial performance of the property, the sizeand square footage of the property and improvements, the presence or absence ofcontaminating substances, PCBs or asbestos, the compliance with local, state andfederal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, Remax Northwest Commercial has notverified, and will not verify, any of the information contained herein, nor has RemaxNorthwest Commercial conducted any investigation regarding these matters andmakes no warranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers must take appropriatemeasures to verify all of the information set forth herein. Prospective buyers shall beresponsible for their costs and expenses of investigating the subject property.
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