FOR SALE. The Friedman Building th Avenue South, Seattle Nicholas T. Gill Allan Friedman

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1 FOR SALE FOR MORE INFORMATION PLEASE CONTACT: The Friedman Building th Avenue South, Seattle PRICE: $4,800,000 FEATURES: LAND SF: 40,000 SF + Fantastic Large Townhome Site BUILDING SF: 33,332 SF + Ripe for Development ZONING: L2 + Former Recovery Centers of YEAR BUILT: 1966 King County Group Care Home gill@ westlakeassociates.com Site Location allanf@ westlakeassociates.com

2 Property Description Seattle, WA th Avenue South, Site Location Westlake Associates is pleased to present the Friedman Building for sale. The building is currently occupied by the owner Recovery Center of King County. The property is perfect for an owner user looking to be located in the up and coming Beacon Hill area or the forty thousand square foot lot zoned L2 is also a great opportunity for a town home or multi-family developer to get a large block located in close-in Seattle.

3 Property Description Seattle, WA th Avenue South, NAME OF SUBJECT PROPERTY: Recovery Centers of King County - Beacon Hill ADDRESS: MUNICIPALITY: th Avenue South King County, Washington KING COUNTY PARCEL NO: PROPERTY DESCRIPTION: LAND SIZE: BUILDING SIZE: The property is an inpatient recovery center for chemical dependency. The facility contains residential rooms, a commercial kitchen, dining hall, meeting rooms, and private offices. 40,000 SF on two floors 33,332 SF on two floors

4 Site Description Seattle, WA th Avenue South, LAND AREA AND SHAPE: ACCESS, STREETS AND FRONTAGE: The property site is a single, square-shaped parcel that measures 40,000 SF or about 0.92 acres. The property has approximately 200 feet of frontage on 18th Avenue South, 17th Avenue South, South Massachusetts and South State Streets. Vehicular access is via South State Street as cars enter the property s paved parking lot, and via South Massachusetts Street as cars exit. TOPOGRAPHY: UTILITIES: ZONING: The property slopes gently downward to the east. All public utilities are available. The property is zoned LR-2, a residential low-rise zoning designation in the City of Seattle. Permitted uses include single-family homes, multifamily units, congregate residences, nursing homes, assisted living, institutions, including education and religious facilities, public facilities, and parks/ open space. Residential density is allowed up to a maximum of 1 dwelling unit per 1,200 SF of lot area for apartments, 1 du per 1,600 sf for SFRs and townhouses, and there is no limit for rowhouse developments. Townhome developments may achieve higher densities if the development complies with certain requirements. The maximum height for cottage house developments in 18 while it is 30 for rowhouse, townhouse, and apartment developments. Setback requirements vary by use. Front setbacks are typically 5, rear setbacks range from 0 to 15, and side setbacks range from 0 to 5 typically. FAR limits range from 1.0 to 1.3 depending on use and whether additional bonuses are met.

5 Site Description Seattle, WA th Avenue South, The following description of the improvements is based on our inspection of the property, public records, and plans provided to us by the property owner. The property is a two-story building currently used as an inpatient detoxification center. The building is rectangular in shape with the main entrance on the lower level. Residence rooms are double loaded along the central building-length corridors on both floors. The upper floor has separate entrances and is used for very short term (3-5 day) detoxification. The lower floor is used for longer term (28 day) inpatient treatment programs. BUILDING AREA: CONSTRUCTION: AGE: ROOF: HVAC: SPRINKLERS: 33,332 SF The building is of masonry construction on a concrete foundation. The building was constructed in 1966, giving it an age of 48 years. The roof is flat, built-up surface, approximately 15 years old. Heat is provided with a gas-fired water circulation system, and the hot water system is also gas. These systems are reported to be in average condition. The building is sprinklered. SITE IMPROVEMENTS AND PARKING: In addition to the building, the site is improved with a paved driveway and canopied entrance area on the east side of the building. There are 20 striped stalls on the property for a parking ratio of 0.75/1,000 SF. Additional parking is readily available on the surrounding streets. The property is fully fenced and includes mature landscaping including small trees, shrubs, garden beds, lawns and walkways around the perimeter of the building. The west side of the building has a lawn and paved patio area, which is directly accessible from the second floor dining area.

6 The Friedman Building Recovery Centers of King County Neighborhood Description & Market Analysis Regional Overview The Friedman Building is located in the city of Seattle, in King County. The Seattle Metropolitan Area encompasses all of the urbanized areas within King County and is located in the middle of a 5-county area ofter referred to as the Central Puget Sound Region. The Seattle metro area is the central focus of economic activity for the entire Western Washington region and is the largest metropolitan area in the state. The Seattle Metropolitan Area boundaries extend from Everett in the north to Tacoma in the south with Puget Sound to the west and the Cascade Mountains to the east. In general, the Seattle area has a reputation as a desirable place to live and work. Beacon Hill The Beacon Hill neighborhood is generally defined as the area bounded by I-5 to the west, I-90 to the north, to the east by Rainier Avenue South, and by the Seattle City line to the south. Other surrounding neighborhoods are Capitol Hill to the north, Georgetown to the southwest, and the Rainier Valley to the south. Beacon Hill is mostly a residential neighborhood with commerical uses along the arterials. The region s Veteran s Administration Hospital and a Pacific Medical Center location are also located in Beacon Hill. The Beacon Hill neighborhood has experienced significant economic and cultural revitalization over the past decade, bringing in an influx of home buyers and shop owners. This has led to the creation of a livable, mixed income community with new shops, restaurants, parks and diverse housing options. One major contributer to the neighborhood s revitalization is the Rainier Vista project taking place just south of Beacon Hill in the Columbia City neighborhood. There are plans to break ground on El Centro de la Raza for the Plaza Roberto Maestas condominium project this year. The development expects to provide the Beacon Hill community with 112 units of low income one-, two- and three-bedroom housing, a child development center, retail/office space and a multicultural community center. This project reflects a strong development trend in the neighborhood, particularly in areas near the light rail. Sound Transit Light Rail The property is located less than a mile north of the Beacon Hill station that serves Sound Transit s Link Light Rail. The mass transit line runs from Westlake Station in downtown Seattle to SeaTac Airport, with stops at 13 stations along the way. it runs 4.4 miles on elevated tracks, 2.5 miles in tunnels and 8.7 miles at grade. Further plans include an extension fo the central segment connecting downtown to the University of Washington, an extension of the south segment to Federal Way and Tacoma, and a northern route from Northgate to Lynnwood. Initial operations began in 2009, and by 2020 the north-link segment connecting downtown to the University of Washington will be complete.

7 The Friedman Building Recovery Centers of King County Building Floor Plan

8 The Friedman Building Recovery Centers of King County Survey