11,794 SF STREET LEVEL & BASEMENT RETAIL - 4500 UNIVERSITY WAY NE SEATTLE, WA LEASING CONTACTS
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11 , 794 SF STREET LEVEL & BASEMENT RETAIL
4500 UNIVERSIT Y WAY NE SEAT TLE, WA
LEASING CONTACTS:
ANNE MARIE KOEHLER ERIKA KOEHLER
HISTORIC RETAIL OPPORTUNITY IN THE UNIVERSITY DISTRICT The University National Bank (UNB) Building is located in the heart of the University District at the corner of NE 45th Street and University Way NE (“The Ave”). Remarkably dressed in a white terracotta exterior and marble interior, this historic building stands out as a two-story slice of history amongst a pool of new development. The significant renovation of this historic building, to be completed in 2021, provides for exceptional retail at the ground level and basement level. Renovations include restoration of the building exterior and interior to the original condition, new paint, flooring improvements and more. This highly visible location along a major transportation thoroughfare offers a one-of-a-kind opportunity for first class retail and access for local and regional tenants to the sought after University District.
NEIGHBORHOOD
HIGHLIGHTS
• The University District is home to national and local retail and
has an eclectic, relaxed and youthful feel with lots of dining,
97
shopping and night life options for urban residents, students and
visitors. Nearby anchor tenants include Target, The University of
Washington Book Store, Bartell Drug and Trader Joe’s.
• The region’s premier outdoor life-style shopping destination,
University Village is located to the east of 4500 University Way WALK
NE and is home to more than 120 national and local shops, SCORE
restaurants and more including, Crate & Barrel, Lululemon, Apple,
Peloton, Restoration Hardware, Shake Shack and QFC’s flagship
grocery store.
• One of the nation’s leading State universities, University of
Washington is adjacent to the property and sees more than
87
54,000 students annually. UW is known for its world-renowned
medical research school and school of business. Additionally,
500,000 sporting event attendees visit Husky Stadium each year.
• The University District boasts some of the highest pedestrian
BIKE
counts in the city and growing transportation options, including
SCORE
the new U-District light rail station (opening in 2021)
2020 ESTIMATED DEMOGRAPHICS
DRIVE TIME 3 minutes 5 minutes 10 minutes 15 minutes
RESIDENTIAL
POPULATION 32,468 62,734 231,051 552,632
DAYTIME
POPULATION 32,284 80,894 244,271 664,756
AVERAGE
HH INCOME $62,985 $115,577 $143,985 $135,306
BUILDING HIGHLIGHTS
• 11,794 RSF corner retail space for lease
• A blend of modern commercial space with historical significance
• Located in the heart of the U-District, directly on “the Ave”, adjacent to
the University of Washington campus, and less than 2 blocks from the
new U-District light rail station (opening 2021)
PROJECT DETAILS
6,000 SF Street Level
RETAIL AVAILABLE
5,794 SF Basement Level
ASKING RENT Call for rates
NNN’S ESTIMATE $6.30 PSF (excluding utilities)
TENANT IMPROVEMENTS Negotiable
DELIVERY Spring 2021
STREET
LEVEL
UNIVERSITY WAY NE
6 ,000 R S F
PINE STREET
5,794 RSF
BASEMENT
LEVEL
NORTH
PROPOSED RESIDENTIAL
PROPOSED RESIDENTIAL PROPOSED RESIDENTIAL
PROPOSED OFFICE
PROPOSED RESIDENTIAL
PROPOSED OFFICE
PROPOSED RESIDENTIAL
LIGHT RAIL STATION
PROPOSED RESIDENTIAL
Portage
Bay
LIGHT RAIL STATION PROPOSED DEVELOPMENT
NORTH
A GROWING
URBAN CENTER
The University District has transformed over recent years into a
bustling urban center. Developing high-rise offices and additional
student housing will bring an influx of daytime and nighttime residents
to the neighborhood. Projects within 1 mile of 4500 University Way NE
include over 800k SF of planned office developments and over 3,700
planned or proposed new residential units.
With the arrival of the light rail station in 2021, the U-District will be
open to a new wave of commuters, local residents, and visitors.
The new U-District station will serve the surrounding residential
community, “The Ave” business district, new and existing office
buildings, and the UW campus.
U District Link Light Rail Station
Image Courtesy of Sound Transit
1
ROOSEVELT WAY NE
15TH AVENUE
1 2
3
UNIVERSITY WAY NE
NE 50TH ST 1
4 5
BROOKLYN AVE NE
2 4
6
3
7TH AVE NE
NE 47TH ST
7
5 8 8
9TH AVE NE
7 9 11
10 12
6 2 3 9
13
10 11 12 13
NE 45TH ST
14 14
15 15
12TH AVE NE
16
NE 43RD ST
4 17 18
19
20
11TH AVE NE
21
NE 42ND ST
5 22 23
24 25
26
NE 41ST ST
27
NE CAMPUS PARKWAY
28 29 30 6
BROOKLYN AVE NE
E
VE
EA
AK
STL
EA
NE PACIFIC ST
Portage Union
Bay Bay
LOCAL AMENITIES
1 Block to University of Washington 2 Blocks to Light Rail Station 15 Bus Routes within blocks
RESTAURANTS RETAIL HOTELS
1 Mamma Melina 16 Sweet Alchemy 1 Counterbalance Bicycles 1 Silver Cloud Hotel
2 Zoka Coffee 17 Ugly Mug Cafe 2 University Volkswagen 2 Residence Inn by Marriott
• Crate & Barrel
3 Morsel 18 Flowers Bar 3 Audi Seattle 3 Graduate Seattle • Soul Cycle
4 Broadfork Cafe 19 Chipotle 4 Rudy’s Barbershop 4 Watertown Hotel • Anthropologie
5 Full Tilt Ice Cream 20 Cafe Allegro 5 Trader Joe’s • H&M
5 University Inn
• Athleta
6 Kung Fu Tea 21 MOD Pizza 6 We Yoga 6 College Inn Hotel
• Apple
7 Starbucks 22 Sizzle & Crunch 7 University Mazda • lululemon
8 Sugar + Spoon 23 Starbucks 8 Pure Barre • Peloton
9 Just Burgers 24 Portage Bay Cafe 9 Core Power Yoga • Shake Shack
10 Floating Bridge Brewing 25 Big Time Brewery • Aritzia
10 Target
• Room & Board
11 T12 Social House 26 Cafe Solstice 11 Urban Outfitters • The North Face
12 Qdoba 27 Cultivate 12 QFC • Eileen Fisher
13 Poindexter Coffee 28 Pagliacci 13 Safeway • Ba Bar
14 Slate Coffee Roasters 29 Local Point • Tesla
14 Petco U-DISTRICT STATION (2021)
• Away
15 Earl’s on the Ave 30 Bean & Bagel 15 University Bookstore LINK LIGHT RAIL TUNNEL
4500 UNIVERSITY WAY NE SEATTLE, WA
For Retail Leasing
Opportunities Contact:
ANNE MARIE KOEHLER ERIKA KOEHLER
+1 206 487 5167 +1 206 487 5168
annemarie.koehler@nmrk.com erika.koehler@nmrk.com
1420 5th Avenue, Suite 2150, Seattle, Washington 98101
© 2021 NEWMARK KNIGHT FRANK 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.You can also read
