묘사

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire The Terminal at Ballard a 38,490 square foot, neighborhood shopping center located at 907 NW Ballard Way, Seattle, Washington 98107. The Property is currently 100% leased / under LOI to a diverse tenant roster that includes a brand new sublease to HMart, under sublease from Amazon until 2038, with fortress credit representing roughly 62% of the in-place NOI.

The Terminal at Ballard benefits from strong surrounding demographics with average household incomes surpassing $193,000 for 256,202 people in a 3-mile radius. Optimally located off of two main retail corridors, the Ballard Bridge (37,804 VPD) and Leary Way Northwest (14,683 VPD), the Property also benefits from its proximity to tech giants Google and Adobe. Ballard has seen significant growth recently, with 686 new multi-family units delivered in the past 12 months. At less than 10 years old, the Property requires minimal future capital expenditures.

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