James Tjoa & AssociatesP 206.726.6230F 206.322.7576E james@jamestjoa.com

FOR SALETotem Lake Mixed Use Redevelopment

TOTEM LAKE MIXED USE REDEVELOPMENT

NE 120TH STREET

(EXPANSION PROJECT)

124 TH AVENUE NE

RE/MAX Metro Realty2312 Eastlake Avenue ESeattle, WA 98102www.JamesTjoa.com

EXCLUSIVELY LISTED BY

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Executive SummaryThe Opportunity

Totem Lake Mixed Use Redevelopment Opportunity

James Tjoa & Associates presents the Totem Lake Mixed Use Redevelopment Opportunity. The Subject site is currently anchored by Jiffy Lube and consists of three buildings totaling 16,523 square feet on 52,591 square feet of land. Parcels immediately to the west of the subject (Assemblage A) along 124th Ave NE are not listed for sale individually, but will entertain assemblage offers. The Subject plus the land of Assemblage A brings the total land to 111,569 square feet. More information regarding this additional opportunity may be available upon request.

Traffic counts of 33,618 VPD on NE 124th St, 16,400 VPD on 124th Ave, and 9,337 VPD on NE 120th street provides excellent exposure for ground floor retail developments.

▪ 2-minute walk to transit station

▪ 3-minute drive to Evergreen Hospital

▪ 5-minute walk to the Totem Lake Mall

▪ 7-minute drive to Woodinville tourist district

TOTEM LAKE MIXED USE REDEVELOPMENT

NE 120TH STREET

124 TH AVENUE NE

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Investment OverviewRedevelopment Site Overview

▪ Prime redevelopment site in the Eastside’s highly sought after Kirkland / Totem Lake Submarket

▪ 52,591 square feet of land with access off of 3 streets

▪ Site improvements include 3 buildings totaling 15,000 square feet

▪ Potential development for 228 units on Subject Property

Subject Property Highlights

Assemblage A Property Highlights

Subject & Assemblage A Property Highlights

This map/plat is being furnished as an aid in locating the hereindescribed Land in relation to adjoining streets, natural boundariesand other land, and is not a survey of the land depicted. Except tothe extent a policy of title insurance is expressly modified byendorsement, if any, the Company does not insure dimensions,distances, location of easements, acreage or other matters shownthereon.

ORDER NO.0081139-06

09/26/2016

282605-9163-07APN

PAR A

Legend

PAR B

Item 3 - Ease for Underground ElectricTransmission and/or Distribution Systemrecorded 02/17/1976 # 7602170543 ORItem 4 - Ease for Ingress and Egressrecorded 11/02/1983 # 8311021080 OR

DETAIL

NE 124TH STREET

124T

H A

VE

NE

TOTEM LAKE MIXED USE REDEVELOPMENT

ASSEMBLAGE A

▪ Two corner parcels provide excellent exposure for ground floor retail developments

▪ Traffic counts of 33,618 VPD on NE 124th St,16,400 VPD on 124th Ave and 9,337 VPD on NE 120th street.

▪ Parcels in Assemblage A will only be sold together

▪ Total land square footage of 111, 569 SF for all three parcels

▪ Potential development up to 500 units

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Executive SummaryProperty Summary

PROPERTY SUMMARY

Property Totem Lake Mixed Use Redevelopment Site

Address 12427NE 124th Street Kirkland, WA 98034

Zoning TLBD—Zone TLA-6

Total Buildings Three (3)

Building Total Square Feet 16,523 SF

Net Rentable Square Feet 15,215 SF

Total Site Area 52,591 SF (1.23 acres)

Tax Parcel Number(s) 2826059163

PROPERTY SUMMARY

Address 12350 & 12403 NE 124th Street Kirkland, WA 98034

Zoning TLA-6

Total Buildings Two (2)

Building Total Square Feet 12,693 SF

Net Rentable Square Feet 12,693 SF

Total Site Area 58, 978 SF

Tax Parcel Number(s) 2826059177, 2826059042

Subject Property Overview

Assemblage A Overview

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Village at Totem LakeTotem Lake Mall Redevelopment

Village at Totem Lake Redevelopment

The Village at Totem Lake reimagines an urban oasis. Redevelopment of the current mall features a boutique village showcasing gourmet grocers, village commons, state of the art luxury theaters, high-end retailers, and apartments that will begin leasing September 2017.

Retail tenants for the Village at Totem Lake include Whole Foods Market, Trader Joe’s, Nordstrom Rack, Ross, Auto Zone, Mod Pizza and Chipotle. In total, the development includes more than 550,000 sqft of retail and residential space. The Village at Totem Lake in Kirkland will be the ultimate gathering place for locals to live, shop, dine, and play!

MAJOR TENANTS

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM11

TOTEM LAKETRANSIT CENER

TOTEM LAKE MIXED USE REDEVELOPMENT

124TH STREET PEDESTRIAN/BICYCLE

BRIDGE

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Location OverviewKirkland

Kirkland, Washington

The Totem Lake Mixed Use Redevelopment site, located just north of Kirkland, Washington, offers a convenient location nestled between the bustling technological hubs of Bothell and Bellevue. As a central community fixture, this location provides easy access to highways, education, boutique shops, and restaurants to cater to any lifestyle.

Nearby amenities include the Willows Run Golf Complex, Evergreen Medical Center, Lake Washington institute of Technology, LA Fitness, and Fred Meyer. Conveniently located near I-405 driving to downtown Seattle is a short 20-minute

commute. Nearby is the Totem Lake Transit Center providing access to 7 separate routes traveling to Bothell, Woodinville, Kirkland, Redmond, Bellevue, the University of Washington, and downtown Seattle.

Just one mile from the subject property, is the 318-bed Evergreen Health Medical Center, rated in 2017 as one of America’s 100 Best Hospitals by HealthGrades. It has also been rated by U.S. News and World Report as one of Washington state’s 10 best hospitals for 2016-2017. Additionally, it is home to the award-winning Halvorson Cancer Center, which also partners with the University of Washington Medical Center and the Seattle Cancer Care Alliance.

By David Schott

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Location OverviewTotem Lake Amenities

KINGSGATE PARK & RIDE

TOTEM LAKE MIXED USE REDEVELOPMENT

TOTEM LAKE TRANSIT CENTER

TOTEM LAKE WEST SHOPPING CENTER

20 MIN WALK

20 MIN WALK

TOTEM LAKE MIXED USE REDEVELOPMENT

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM

Location OverviewRegional Major Employers

TOTEM LAKE MIXED USE REDEVELOPMENT

BELLEVUESEATTLE

WEST SEATTLE

ISSAQUAH

MERCER ISLAND

PUGET SOUND

LAKE WASHINGTON

LAKE SAMMAMISH

KIRKLAND

REDMOND

TOTEM LAKE MIXED USE REDEVELOPMENT OFFERING MEMORANDUM15

Location OverviewDrive Times Aerial

TOTEM LAKE MIXED USE REDEVELOPMENT

KINGSGATE PARK & RIDE

1 MILE

WILLOWS RUN GOLF COMPLEX

2.5 MILESLAKE WASHINGTON

LAKE SAMMAMISH

BELLEVUE 8 MILES

10 MINUTES

DOWNTOWN KIRKLAND

4 MILES 6 MINUTES

REDMOND 4.5 MILES

12 MINUTES

SEATTLE 16 MILES

22 MINUTES

WOODINVILLE 5 MILES

10 MINUTES

3.5 MILES

5.9 MILES

1.5 MILES

1 MILES

TOTEM LAKE MIXED USE REDEVELOPMENT

REDMOND

BELLEVUE

KIRKLAND

This marketing flyer is provided for informational purposes only, without representations, warranty, or guarantee, expressed or implied, as to its accuracy. Buyer to verify all information including square footage, development potential, allowed uses, and zoning, to his/her satisfaction