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Published by , 2018-05-31 17:11:48

8805 Points Drive OM_v2

8805 Points Drive OM_v2

8805 POINTS DRIVE
CLYDE HILL, WA

Generational

investment
opportunity

IN ONE OF THE

WEALTHIEST Trade Areas

IN THE NATION

PAUL SLEETH billy sleeth Patrick Allen

206.518.9547 206.518.9567 206.858.8434
[email protected] [email protected] [email protected]


POINTS DR

TABLE OF CONTENTS

3INVESTMENT SUMMARY

PROPERTY DESCRIPTION 6

15MARKET DATA

18EXHIBITS

*The building is being offered vacant, 8805 POINTS DRIVE
with no lease encumbrances. Tully’s CLYDE HILL, WA
has closed & vacated.


POINTS DR

1 INVESTMENT SUMMARY


POINTS DR

TERMS OF THE OFFERING

PRICE FINANCING BUILDING AREA LAND AREA

BEST OFFER FREE & CLEAR 4,705 SF 11,100 SF

ADDRESS: 8805 Points Drive NE, Clyde Hill, WA 98004

TENANCY: The building is being offered vacant, with no lease encumbrances. Tully’s has closed & vacated.

PARKING STALLS: 13

ZONING: Commercial - 25ft height limit from grade. Permitted uses include retail stores, clinical types of
buildings for use of physicians, surgeons, dentists, or other professional practitioners, adult family homes,
or family day care.

4 8805 POINTS DRIVE
CLYDE HILL, WA


POINTS DR

CLYDE HILL HIGHLIGHTS

8805 Points Drive is a generational piece of real estate located on the One of the Wealthiest Neighborhoods in the Country – Average incomes
highly coveted “Eastside”. Clyde Hill is one of the wealthiest area codes exceed $260,000 within 1-mile of the site and 15 of the 25 wealthiest zip
in the United States with average incomes exceeding $260,000 within codes in the Puget Sound region are on the Eastside, including Clyde Hill,
a 1-mile radius. This offering presents the rare opportunity to own one Medina, Bellevue, Hunt’s Point and Yarrow Point.
of only four commercially zoned properties in Clyde Hill, Medina, Hunt’s
Point, or Yarrow Point. Bellevue Economy – Bellevue is home to 45+ corporate Headquarters
and multiple Fortune 500 companies have office locations in Bellevue.
Irreplaceable Location: Bellevue is a major regional economic employment center with 140,000
• ¼ mile from two SR 520 interchanges - 180,000 ADT jobs located in the city.
• 2 miles from Bellevue CBD
• 5 ½ miles from Seattle CBD Pride of Ownership – The offering presents the unique opportunity to
• ½ mile from Overlake Golf & Country Club own the only local office or core retail site in all of Clyde Hill, Medina,
• In the heart of the most affluent residential neighborhoods in the Hunt’s Point, or Yarrow Point.

Puget Sound region NO LEASES IN-PLACE
• 2.7 miles from future light rail station scheduled to open in 2020
• 2 miles from major regional SR 520 & I-405 Interchange The building is vacant and being offered without
• 5 miles from I-90 interchange any lease encumbrances providing flexibility for
• Located on Points Drive, one of Clyde Hill’s most traveled arterials investors and or owner-users to utilize or lease all or
a portion of the building.
Impenetrable Barriers To Entry – 8805 Points Drive is one of only four
commercially zoned properties in all of Clyde hill, Medina, Hunt’s Point or
Yarrow Point. Two of the four are established gas stations and one is a
long serving neighborhood nursery; 8805 Points Drive will stand alone as
the premier commercial property in the greater Clyde Hill trade area for
the foreseeable future.

One of a Kind Real Estate – 8805 Points Drive is a well-known, highly 8805 POINTS DRIVE 5
coveted piece of real estate, sought after for years by users and CLYDE HILL, WA
investors alike.


POINTS DR

2 property description


CLYDE HILL aerial 01

BELLEVUE

POINTS DR

8805 POINTS DRIVE 7
CLYDE HILL, WA


CLYDE HILL aerial 02

BELLEVUE

POINTS DR

8 8805 POINTS DRIVE
CLYDE HILL, WA


CLYDE HILL aerial 03

SEATTLE

POINTS DR

8805 POINTS DRIVE 9
CLYDE HILL, WA


CLYDE HILL aerial 04

BELLEVUE

POINTS DR


SEATTLE

8805 POINTS DRIVE 11
CLYDE HILL, WA


property aerial 01

POINTS DR

NE 28TH ST
POINTS DRIVE NE

12 8805 POINTS DRIVE
CLYDE HILL, WA


property aerial 02

BELLEVUE

POINTS DR

8805 POINTS DRIVE 13
CLYDE HILL, WA


POINTS DR


POINTS DR

3 market data


AREA OVERVIEW

THRIVING REGIONAL EMPLOYMENT HUB

The Bellevue-Seattle metro is one of the most vibrant economies in the United States and has established itself as a leading coastal gateway market driven by a diverse
industry base of technology, aerospace, retail, life science and gaming companies with the area boasting an existing 4.7% unemployment rate.
The Puget Sound region serves as the headquarters of ten Fortune 500 companies including Amazon, Costco, Expedia, Microsoft,
Nordstrom, Weyerhaeuser, PACCAR, Expeditors, Alaska Air Group and Starbucks.

C LY D E H I L L - BY T H E N U M B E R S

#22 $2.86 M $260K $2.55 B

Most wealthy Average sale Average household Total assessed
zip code price of a home income within 1 value of
in the U.S. in 2018 mile of property Clyde Hill

16 8805 POINTS DRIVE
CLYDE HILL, WA


BELLEVUE MAJOR EMPLOYERS POINTS DR

The city offers a reliable and well-trained workforce. More than 60% 7,200 EMPLOYEES
of residents over 24 years of age hold a Bachelor’s degree or higher;
making Bellevue one of the most highly educated cities in the U.S. 5,000 EMPLOYEES
More over, approximately 70% hold professional positions. Desirable
and well-connected business districts help attract talent from 3,300 EMPLOYEES
Seattle and the larger Puget Sound region’s 3.6 million person
population. 3,100 EMPLOYEES

Bellevue is known as a center for Information Technology as well as 2,800 EMPLOYEES
Research & Development. Through 2020, technology firms alone will
account for 6,500 new business openings. 2,500 EMPLOYEES

The city holds offices for Amazon, Salesforce, Microsoft, T-Mobile, 2,100 EMPLOYEES
HTC, Expedia, Concur, Paccar, Boeing and Symetra. The latest wave
has come from video game developers, including Bungie, Valve and 1,600 EMPLOYEES
ArenaNet.

Within the past 18 months, China’s largest tech companies
announced plans to open offices in Bellevue. Telecommunications
giant Huawei, followed by Baidu, Alibaba and Tencent, which are
respectively known as the Google, Amazon and Facebook of China.
The new offices coincide with the opening of the Global Innovation
Exchange in Bellevue. The technology graduate program is
a partnership between the University of Washington and China’s
preeminent technology school, Tsinghua University. The influx will
bring new ideas, investment and talent and help strengthen the
region’s connection to the fastest-growing economy in the world.

1,200 EMPLOYEES

1,200 EMPLOYEES

17


POINTS DR

4 exhibits


parcel map

PARCEL #:
054010-0555

8805 POINTS DRIVE 19
CLYDE HILL, WA


DISCLAIMER POINTS DR

Paul Sleeth & Billy Sleeth (“Broker”) have been engaged as the exclusive sales The Seller reserves the right, at its sole and absolute discretion, to withdraw the
representatives for the sale of 8805 Points Drive NE (the “Property”) by Points Property from the market for sale at any time and for any reason without notice,
Drive Corp (the “Seller”). to reject any and all expressions of interest or offers regarding the Property, and/
or to terminate discussions with any entity at any time, with or without notice.
The Property is being offered for sale in an “as-is, where-is” condition, and This Offering Memorandum is made subject to omissions, correction of errors,
the Seller and the Agent make no representations or warranties as to the change of price or other terms, prior sale or withdrawal from the market without
accuracy of the information contained in this Offering Memorandum. The notice. The Agent is not authorized to make any representations or agreements
enclosed materials include confidential information and are being furnished on behalf of the Seller. The Seller shall have no legal commitment or obligation
solely for the purpose of review by prospective purchasers (“Purchasers”) of to any recipient reviewing the enclosed materials, performing additional
the interest described herein for which it shall be fully and solely responsible. investigation, and/or making an offer to purchase the Property unless and until
Neither the enclosed materials, nor any information contained herein, are to a binding written agreement for the purchase of the Property has been fully
be used for any other purpose, or made available to any other person without executed, delivered, and approved by Seller and any conditions required under
the express written consent of the Seller. Each recipient, as a prerequisite the contract for title to pass from the Seller to the buyer have been satisfied or
to receiving the enclosed information, should be registered with the Agent waived.
as a “Registered Potential Investor” or as a “Buyer’s Agent” for an identified
“Registered Potential Investor”. The use of this Offering Memorandum, and the By taking possession of and reviewing the information contained herein, the
information provided herein, is subject to the terms, provisions and limitations recipient agrees that (a) the enclosed materials and their contents will be held
of the Confidentiality Agreement furnished by the Agent prior to delivery of and treated in the strictest of confidence; and (b) the recipient shall not contact
this Offering Memorandum. employees, contractors, sub-contractors or lienholders of the Property directly
or indirectly regarding any aspect of the enclosed materials or the Property
The material contained herein is based on information and sources deemed without the prior written approval of the Seller or the Agent; and (c) no portion of
to be reliable, but no representation or warranty, express or implied, is being the enclosed materials may be copied or otherwise reproduced without the prior
made by the Agent or the Seller or any of their respective representatives, written authorization of the Seller or the Agent or as otherwise provided in the
affiliates, officers, employees, shareholders, partners, and directors, as to Confidentiality Agreement executed and delivered by the recipient(s) to Agent.
its accuracy or completeness. Summaries contained herein of any legal or
other documents are not intended to be comprehensive statements of the The Seller will be responsible for any commission due to the Agent in connection
terms of such documents, but rather only outlines of some of the principal with a sale of the Property. However, any broker engaged by Purchaser
provisions contained therein. Neither the Seller nor the Agent shall have any (“Buyer’s Broker”) shall seek its commission only from the Purchaser. Under no
liability whatsoever for any other written or oral communication or information circumstances will the Agent or the Seller be liable for same and recipient will
transmitted, or made available, or any action taken, or decision made by the indemnify and hold the Agent and the Seller harmless from any claims by any
recipient with respect to the Property. brokers having dealt with recipient other than the Agent. Any Buyer’s Broker
must provide a registration signed by the recipient acknowledging said Buyer’s
Broker’s authority to act on the recipient’s behalf.

8805 POINTS DRIVE 21
CLYDE HILL, WA


8805 POINTS DRIVE
CLYDE HILL, WA

PAUL SLEETH POINTS DR

Executive Managing Director
206.518.9547
[email protected]

billy sleeth

Executive Managing Director
206.518.9567
[email protected]

Patrick Allen

Retail Investments
206.858.8434
[email protected]

NEWMARK KNIGHT FRANK
1420 Fifth Avenue
Suite 2150
Seattle, WA 98101

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee,
warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and
availability are subject to change or withdrawal without notice. 17-1712•05/18


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