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INVESTMENT HIGHLIGHTS
Stabilized Asset with New Post Alley Lease: Recently secured lease with a confidential distillery for 25% of the Gross Leasable Area (GLA) in the lower-level Post Alley space bringing occupancy to 92%. Contact Northmarq for more information.
Multi-Tenant Commercial Condo: The Property is home to 13 commercial units on three levels with street front access along 1st Ave and lower-level access on Post Alley.
World Famous Pike Place Market: The Property is connected to Seattle’s famous Pike Place Market with high daily foot and vehicle traffic counts and exposure to over 10M annual visitors.
Long-Term Tenancy: 55% of the GLA is leased to 2040 with 34% already occupied for over 10 years.
Established Anchor Tenant: Well-established and committed anchor tenant in Pike Brewing Company who is consistently hitting percentage rent thresholds.
Waterfront Revitalization: The $3 billion waterfront project is nearing completion (est. 2025) and will connect to the Property at Union St.
Walkability and Connectivity: The property benefits from direct access to the main entrance of Pike Place Market, as well as proximity to the Waterfront and Post Alley.
