Our Office Locations Windermere Bellingham Windermere Birch Bay Blaine Windermere Fairhaven Windermere Lynden

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1 May 2016 Our Office Locations WINDERMERE COMMERCIAL PROPERTIES Skagit & South Counties Windermere Bellingham 515 W. Bakerview Rd Bellingham, WA (360) wrecommercial.com Windermere Birch Bay Blaine 8105 Birch Bay Square St Blaine, WA (360) wrecommercial.com Windermere Fairhaven 1200 Old Fairhaven Pkwy, #106 Bellingham, WA (360) wrecommercial.com Windermere Lynden 8071 Guide Meridian, #105 Lynden, WA (360) wrecommercial.com S Walnut St, Burlington Listing Courtesy of Michael Reams Detailed Listing Information on page 3

2 For Detailed Property Information Contact: Table of Contents Buildings For Sale Page 2-3 Windermere Commercial (360) KC Coonc (360) Kevin Geraghty, CCIM (360) Bill Henshaw (360) Jeff Hopwood (360) Jeff Johnson (360) Kirby Jones (360) Jim Kaemingk (360) Mike Kent (360) Mike Kingsley (360) Jason Loeb (360) Ryan Martin (360) John Mitzel (360) Michael Reams (360) Jon Soine (360) Lyle Sorenson (360) John Templeton (360) Lester Van Mersbergen (360) Vacant Land For Sale Pages 4-5 Buildings For Lease Pages 6-7 Windermere Commercial Skagit County (360) Page 1 Windermere Commercial Skagit County (360) Page 10

3 NOTES BUILDINGS: FOR SALE 4715 S 12th St, Tacoma - Former KinderCare early learning center. The building has approximately 5,288 sq ft on main floor with 1,000 sq ft on lower level. The property has 3 lots of record totaling 20,640 sq ft with 15 parking spaces and fenced play area. The location is just across the street from Delong Elementary which has an enrollment of over 512 students k -5. Excellent location for child care or redevelop for office or multifamily. Offered at market price. Market Price CBA# Contact KC Coonc or Ryan Martin (360) S Burlington Blvd, Burlington - Great location in Burlington for wide range of retail sales use or professional office with convenient freeway access at the George Hopper exit #229. This 4,278 sq ft former bank building has a drive-thru, ample parking, and significant expansion potential. Property includes 3 tax parcel, P24044, P24047, & P24056 for a total of 1.97 acres zoned General Commercial right on Burlington Blvd between the Outlet Shoppes, Burlington Coat Factory & Costco. Excellent visibility for pylon signage. $1,450,000 CBA# Contact KC Coonc or Ryan Martin (360) Cedardale Rd, Mt. Vernon acre sales and service yard that is highly visible from I-5 with huge double sided pylon signage! C-2 Commercial Zoning with current businesses relocating. The location would serve a broad range of commercial uses where the user is looking for high visibility and easy I-5 access. High quality construction with concrete block office and free span warehouse with heated floors and wash rack. App. 8,700 sq ft warehouse, 1,157 office, & 400 sq ft structural mezzanine. Outstanding curb appeal with fully fenced secure yard. $1,600,000 CBA# Contact KC Coonc or Ryan Martin (360) Eastern Ave, Sedro Woolley - Great tenant in place who has been there for several years. This commercial bldg is adjacent to downtown post office. Approx 2560 SF with 2 bathrooms and 2 large garage bay doors. Listing includes vacant lot to the North. Terrific investment opportunity with instant cash flow and expansion possible. The market is headed to higher number and this will not last. $249,000 CBA# Contact Mike Kent (360) N Hill Blvd, Burlington - 41,768sf building w/ 3,768sf of Executive Office space and 38,000sf of Industrial/Distribution space. 3 minutes from I-5 exit 231 w/5 dock high and 3 grade level doors. 2,000 Amp 480V service. 22' ceiling height at eaves and 33' at roof peak with clearstory windows. Air conditioning in 26,600sf of building and entire building sprinkled. Many additional features. $3,495,000 CBA# Contact John Mitzel (360) Main St, Concrete - The Concrete U.S. Post Office is a strong income property located in Concrete, WA, that is offered at an 8% CAP Rate. The USPS is a long term national Tenant that has just renewed their Lease for an additional 5 year term. Built in 1960, this well maintained retail location is 4,018 SF on a 0.25 acre lot. The USPS generates $30,000 in annual rental income and is responsible for utilities. Take advantage of this great opportunity to own a turn-key income property with and ideal Tenant. $300,000 CBA# Contact Michael Reams (360) Windermere Commercial Skagit County (360) Page 9 Windermere Commercial Skagit County (360) Page 2

4 BUILDINGS: FOR SALE Seafarer s Way, Anacortes - The Cannery Building is located in Anacortes fronting on the South side of the Cap Sante Marina. This Building is the East Building of a two building project with a connecting/shared entry Atrium. The West Building is listed for sale by a separate Listing Agreement. $2,450,000 CBA# Contact John Mitzel (360) State Rt 20, Sedro Woolley - I-502 approved and permitted tier 3 site with 3-phase power & water. Located in Skagit County, this property is approximately 9 acres of flat and usable land that comes equipped with a 6,000 SF warehouse and permits waiting to be picked up for 90,000 SF of total buildings. Take advantage of this great opportunity to own a turn-key I -502 property that is private and easily accessed from I-5. Possible seller financing. $550,000 CBA# Contact KC Coonc, Ryan Martin or Michael Reams (360) State Rt 532, Camano Island acres development opportunity at the Gateway of Camano Island. Rural Village Commercial Zoning allows for a variety of uses from but not limited to, gas stations, hotels, mini-storages, day cares, restaurants, offices, and other retail uses. There are 5 separate tax parcels in the offering with opportunity for easy lot line adjustments. Current tenants give excellent monthly rental income through development or holding as an investment. Bank owned property. $1,115,000 CBA# Contact KC Coonc or Ryan Martin (360) S Walnut St, Burlington- The Walnut Street Business Park, located in Burlington, WA is a fully leased income property offered at a 7% CAP Rate, with strong Tenants and long term leases in place. This portfolio consists of 3 individual buildings, that are approx. 15,000 SF on 2.75 acres, with 3- phase power, 22 Ft clear-span, ample parking and city water and sewer services. Located 1/2 mile from I-5, this property is easily accessible and is ideal for industrial, distribution, retail and recreational (etc.) uses. $5,500,000 CBA# Contact Michael Reams (360) Windermere Commercial Skagit County (360) Page 3 Windermere Commercial Skagit County (360) Page 8

5 BUILDINGS: FOR LEASE VACANT LAND: FOR SALE W Stewart Rd #6, Mt Vernon - NE facing suite in a building kitty corner to the new Super Wal-Mart building in Mount Vernon, WA. One of 10 suites in this building which completely refurbished including parking along frontage, high monument signage, and architecturally designed elevations. This suite benefits from high traffic and a pattern of cars stopping directly in front of the suite. Join Anytime Fitness and MultiMed in the NE corner of this terrific new site th St, Anacortes- Attention developers & investors. Market is shifting and strengthening. Very rare opportunity to acquire entire 1/2 block in downtown Anacortes. Outstanding views from East portion overlooking beautiful inner harbor and marina. Environmental studies are completed and plans are available for 9616 sf of commercial space and 24 apartments. Recent height change to 65' (6 stories) adds even more. $12.00 SF NNN CBA# Contact Jason Loeb (360) $2,960,000 CBA# Contact Mike Kent (360) W Stewart Rd #9A, Mt Vernon - Northwest facing corner suite in a building kitty corner to the new Super Wal-Mart building in Mount Vernon, WA. Also near the new Skagit Valley Regional Medical center. One of 10 suites in this building which completely refurbished including parking along frontage, high monument signage, and architecturally designed elevations. This suite benefits from high traffic and a pattern of cars stopping directly in front of the suite. Join Anytime Fitness and MultiMed in this terrific new site Alder Lane, Mt Vernon - 71,438 sq. ft. site with I-5 frontage for under $5 per sq. ft. Wetlands Site Reconnaissance completed January 2008 with Zero Wetlands documented. Planning Dept. for the City of Mt. Vernon recommends this property be rezoned to M-1 Light Manufacturing / M-2 Industrial District or C-2 General Commercial. Current zoning is R-1, 5.0 Single Family Residential with min. lot size of 6k sq. ft. Huge I-5 north & south & local traffic exposure once frontage road on the West side of property is completed. $12.00 SF NNN CBA# Contact Jason Loeb (360) $350,000 CBA# Contact KC Coonc or Ryan Martin (360) Sunset Park Dr, Sedro Woolley - 5,100 SF of Warehouse / Distribution / Manufacturing space located in the Sunset Business Park. 609 Sunset Park Drive on the west side of Sedro Woolley WA just off of HWY 20. This building is 12 minutes from I-5 via Cook Road. Building is well taken care of with good parking and a 14 ft. roll up door SE Bayshore Dr, Oak Harbor - Prime development site with 414` of waterfront in the City of Oak Harbor. All utilities in the street. Ideal for a mixed use project commercial/residential. Entitlements in place for 119 units and 15,867 S.F. of retail office over 179 units of structured parking. $6.00 SF/ NNN CBA# Contact John Mitzel (360) $1,650,000 CBA# Contact Bill Henshaw (360) S Burlington Blvd, Burlington - 4 acre parcel zoned C-1 Commercial that was formerly used as a manufactured home sales yard. The location would serve a broad range of commercial uses that include multifamily with commercial element, hotel, or other commercial sales type uses. Centrally located with easy access to services and I-5. One of the few larger parcels not yet developed along Burlington Blvd. Seller is pursuing a contract rezone for high density multifamily. $1,500,000 CBA# Contact KC Coonc or Ryan Martin (360) Cedardale Rd, Mt. Vernon acre sales yard that is highly visible from I-5 with huge double sided pylon signage! C-2 Commercial Zoning with a former use as a manufactured home sales yard. The location would serve a broad range of commercial uses where the user is looking for high visibility and easy I-5 access off Anderson Road Exit 225. Turnkey sales office is move in ready. $999,900 CBA# Contact KC Coonc or Ryan Martin (360) S. Goldenrod Rd, Burlington - For Sale Commercial Lot/Pad as part of approved Binding Site Plan located on west frontage road of I-5 in Burlington, WA. Great visibility from I-5 with 68,000+ cars per day. Next to new Tacoma Screw Products building. Lot has 33,207 SF of usable area with all Utilities at Lot including Fire Sprinkler service in Lot and Strom Water and Mitigation approved. Lot is 42 miles to Canadian Border and 64 miles to downtown Seattle. Easy access to I-5 exits 229 & 230 and State Hwy. 20. $555,000 CBA# Contact John Mitzel (360) Windermere Commercial Skagit County (360) Page 7 Windermere Commercial Skagit County (360) Page 4

6 VACANT LAND: FOR SALE BUILDINGS: FOR LEASE Old Hwy 99S, Mount Vernon - Prime Commercial / Industrial Zoned site. Largest site in south Mt. Vernon. Located in south Mt. Vernon 61 miles north of downtown Seattle and 44 miles south of the Canadian U.S. Border. Visibility from I-5 with excellent freeway access. Exit 225/Anderson Road from both north and south. All utilities available to site. Lot may be subdivided. $2,350,000 CBA# Contact John Mitzel (360) S Burlington Blvd, Burlington - Signage on Burlington Blvd. Two 1,418 sf spaces W/ overhead door, man door, and a shared loading dock. Each space includes approx. 150 sf office and a ADA bathroom. Great access from I5. Available now. Two spaces can be combined into one 2,836 S.F. $0.83 SF NNN CBA# Contact John Mitzel (360) Reservation Rd, Anacortes - Single family home provides cash flow on this prime commercial site during holding period. 4 bedroom, 1 bath with 1502 SF of living space. Total Cascade Pl, Burlington - Built out Storefront office space can be remodeled to suit. Great location with signage on Burlington Boulevard. Great access from Burlington Blvd. with site is approx 3.72 acres of developable land on corner location with access to both abundant parking. Easy access to I-5. Reservation & Stevenson Road. Only 1/4 mile to Hwy 20. Myriad of development possibilities and priced to sell. $15.00 SF NNN CBA# Contact John Mitzel (360) $599,000 CBA# Contact Mike Kent (360) State Rt 532, Camano Island acres short platted into 4 fully serviced lots at the Gateway of Camano Island. Rural Village Commercial Zoning allows for a variety of uses from but not limited to, gas stations, hotels, mini-storages, day cares, restaurants, offices, and other retail uses. The lots are pad ready with lighting, 18 water shares paid for along with offsite sewer. Priced below acquisition and development costs making this an excellent opportunity for a developer or user to take advantage of this rare opportunity. Bank owned property. $1,300,000 CBA# Contact KC Coonc or Ryan Martin (360) Cedardale Ave, Mount Vernon - First floor office space in modern building 2 blocks south of downtown Mt. Vernon. Off street parking and meets all access Codes. Easy access to I-5. Can be remolded to suit Tenant. $14.00 SF NNN CBA# Contact John Mitzel (360) Suzanne Lane, Mount Vernon Acre Commercial/Light Industrial Lot adjacent to I - 5. Lot is Filled and the Environmental Impact Statement is completed. Off Site Strom Water approved and all Mitigation approved and completed. Most ready to build Lot in South Mount Vernon adjacent to I N Hill Blvd, Burlington - 26,500S.F. Industrial/Distribution building 3 minutes from I-5 exit 231 w/ 5 dock high and 2 grade level doors Amp 480V electric service. 22` ceiling height at eaves and 33` at roof peak with clearstory windows. Air conditioning in 18,200 S.F. of plant and entire building sprinklered. Many additional features. $2,061,000 CBA# Contact John Mitzel (360) $0.50 NNN CBA# Contact John Mitzel (360) Tolt Avenue, Carnation - The subject property is a 21,780 square foot corner property located in Carnation, Washington on the main Highway thru town State Route 203. The property has approximately 140 feet of frontage on Highway 203 and is 200 feet deep along Eugene Street, with McKinney Rd running along the back of the site. The property is flat, has been surveyed, and a soils test is completed. All utilities are available. Across the street from the main shopping center in Carnation. A growing suburb of Redmond. $600,000 CBA# Contact Kevin Geraghty, CCIM (360) Seafarers Way, Anacortes - 1,549 +/- sf first floor Office Suite in the Cannery Building adjacent to the Cap Sante Marina. Moorage is available for Tenant on A Dock. High quality finishes in this Award Winning Building. Convenient access to Hwy 20 and 18 minutes to I-5. One of a kind building in a unique Community. $18.00 SF NNN CBA# Contact John Mitzel (360) W Stewart Rd #5, Mt Vernon - Great freeway visibility and complete TIs characterize this east facing suite in a the Riverbend Building, kitty corner to the new Super Wal-Mart in Mount Vernon, WA. One of 10 suites in this building which completely refurbished including parking along frontage, high monument signage, and architecturally designed elevations. This suite benefits from high traffic and a pattern of cars stopping directly in front of the main building. Anchored by Anytime Fitness, medical, and religious organizations. $14.00 SF NNN CBA# Contact Jason Loeb (360) Windermere Commercial Skagit County (360) Page 5 Windermere Commercial Skagit County (360) Page 6

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