NOAA MAriNe OperAtiONs CeNter - pACifiC

1801 Fairview Avenue E, Seattle, Washington
NOAA Marine Operations Center - Pacific
OFFERING MEMORANDUM

Table of Contents
1. The Offering
2. Location
3. Market
4. Property Overview
5. Aerials and Property Photos
6. Contact Information
For information contact
Jason Rosauer
206.296.9608 l jrosauer@gvakm.com
Dave Speers
206.296.9626 l dspeers@gvakm.com
Curt Ghan
206.296.9615 l cghan@gvakm.com
This information supplied herein is from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or
implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material,
including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR.

THE OFFERING
GVA Kidder Mathews has been retained to exclusively
market 1801 Fairview Ave E., Seattle, Washington for
sale – currently operating as the NOAA Marine
Operations Center - Pacific. This large 8.5 acre Lake
Union property, consisting of approximately 2 acres
of upland and approximately 6.4 acres of submerged
land with 870 feet lineal feet of waterfront, offers
a unique opportunity to acquire one of the largest
single parcels on Lake Union. Included with
this property are two commercial piers totaling
nearly 2,500 linear feet and a commercial wharf
of approximately 370 linear feet. The property
is currently leased to the National Oceanic and
Atmospheric Agency (NOAA).
Marketing Process:
The property is offered on a bid basis. A definitive bid date will
be set after commencement of the marketing process.
NOAA Marine Operations Center - Pacific l Offering Memorandum
Pricing:
The property is offered unpriced and accepting offers immediately.
NOAA Marine Operations Center - Pacific
1801 Fairview Avenue East
Seattle, Washington

LOCATION
The NOAA Marine Operations Center is located in the
southeast quarter of Lake Union, in very close proximity
to the vibrant South Lake Union commercial center that
is the home of Amazon.com’s corporate headquarters,
the Fred Hutchinson Cancer Research Center, Bill and
Melinda Gates Foundation world headquarters, and
scores of other technology and life sciences companies.
The property is also conveniently located in close
proximity to a wide variety of restaurants and shops
in the Eastlake and South Lake Union shore area.
1801 Fairview presents a great future development
opportunity and a chance to own a Seattle lakefront
property that can never be duplicated.
NOAA Marine Operations Center - Pacific l Offering Memorandum

MARKET
The Lake Union Market
Lake Union is the freshwater centerpiece between Seattle’s Central
Business District and the thriving close-in neighborhoods of Queen
Anne, Fremont, Capitol Hill and the University of Washington main
campus and adjacent University District commercial area. It’s also
the center of commerce for many companies, marinas, shops and
residential areas that flourish around the lake’s 6 mile circumference.
The lake is connected to Puget Sound and the Pacific Ocean by
the Chittenden Locks to the west and to Lake Washington by the
Montlake Cut and Portage Bay to the east.
Two commercial seaplane services operate on the lake, as well as
several marine tour operations and commercial maritime enterprises,
in addition to the many marinas for pleasure boats and houseboats.
“Sleepless in Seattle” was filmed at one of the Lake Union houseboat
communities. Last September the 12 acre Lake Union Park was
completed at the south end of the lake, which joins an array of public
access amenities around the lake’s perimeter. This wonderful park
opens the waterfront to pedestrians, provides moorage for historic
vessels and is the home of the Maritime Heritage Center, and soon the
new location for the University of Washington’s Museum of History
and Industry.
One of the most vibrant areas of the lake is its south shore – Seattle’s
South Lake Union district. Over the last 10 years South Lake Union
has undergone a major growth period that has transformed the area
from a sleepy industrial and distribution area to the most dynamic and
rapidly developing market areas in the Pacific Northwest, including the
development of over 2,300 residential units, 377,000 square feet of
retail space and 4,200,000 square feet of office, research, laboratory
and hotel space. Much of this growth was spearheaded by Paul Allen’s
Vulcan Real Estate along with other prominent Seattle developers.
Amazon.com, Inc. is currently moving into its Global Headquarters which
will take up 2,000,000 square feet of new office space adjacent to the
southern shores of Lake Union. Other prominent tenants in the area
include Fred Hutchinson Cancer Research Center, Seattle Biomedical
Research Institute, Rosetta Inpharmatics, University of Washington
Medicine and School of Medicine Campus, and the world headquarters for
the Bill and Melinda Gates Foundation (Microsoft’s founder). The area is
also becoming a very desirable residential community because of the very
cutting edge new projects rapidly gentrifying the area, the great small shops
and restaurants and the close proximity to the best Seattle has to offer in
the way of shopping, recreational and residential amenities. Also, the South
Lake Union district is now directly linked to downtown Seattle’s central
shopping district via the South Lake Union Trolley, which runs from the
South Lake Union shore to Westlake Center in downtown.
Mercer Street, the main access to Interstate 5 north and south that
bisects the South Lake Union district, is presently undergoing widening
and reorganization which will result in greatly enhanced vehicle and
pedestrian circulation in the area. In addition, the City of Seattle is
currently considering zoning modifications for the area to allow for more
development and create more density by increasing the allowable height
limit in this district.
The South Lake Union district is the future. . . . It’s where Seattle’s growth is
heading.
NOAA Marine Operations Center - Pacific l Offering Memorandum

PROPERTY OVERVIEW
Zoning:
King County APN: 408880-2460
DNR APN: 40888-2532
Owner:
Total Site Size:
Uplands:
Submerged Land:
Building 1:
Size:
Construction:
Building 2:
Size:
Construction:
IG1 U/45 with Marine Overlay
1801 Fairview Ave E, LLC
369,000 square feet (8.5 acres)*
88,368 square feet (2.0 acres)
915 linear feet or waterfront
280,362 square feet (6.4 acres) consisting
of 200,650 square feet of fee simple
submerged land
79,712 square feet of harbor area leased
from Washington State Department of
Natural Resources (The DNR will require a
new lease with new ownership.)
NOAA office and laboratory
17,100 square feet on 2 floors with
elevator
Wood frame - built 1963, remodeled
1983
NOAA Warehouse
12,000 square feet
Concrete tilt-up - built
Piers, Docks and
Wharves:
Pier 1 & 2:
The property contains approximately 3,170 linear feet of piers,
docks and wharf with approximately 51,030 square feet of
surface area. The pier and wharf areas were extensively damaged
by a fire in the summer of 2006 that rendered them unusable and
they have not been repaired. Permits are in place to complete the
repair work and can be transferred to the new owner.
Construction bids to restore the piers and wharf to exacting
NOAA – US Government standards were in the $7.0 Million
range. Extensive plans and engineering reports are available for
review.
2,400 lineal feet of moorage for large vessels
NOAA Marine Operations Center - Pacific l Offering Memorandum
Other Buildings: 2 other metal buildings totaling 8,223
square feet were on the property, but one
was recently taken down. Active permits
are in place to reconstruct and/or repair
these buildings. Approximately 974
square feet of storage buildings are also
on the site.
Parking:
Approximately 105 spaces with additional
street parking
*All Measurements are approximate and should be verified by purchaser. King County Tax Records show the total
property measurement to be 387,455 square feet (8.9 acres). The property measurements listed above were taken
from the “Site Plan, General Site Data- SP1” prepared by Pacific Engineering, dated 23 Sept. 2009.
Wharf Pier:
Docks:
Depths:
Current Income:
370 lineal feet of moorage for large vessels
400 lineal feet of moorage for small boats
Depth of moorage areas vary from 50 feet to 13 feet
(closest to shore). Depths were taken at low lake level.
NOAA - $47,000/month NNN for the upland portion of the
property. No rent is currently being collected for the piers,
docks and wharves
Lease expiration 6/30/11
Sea and Shore - $1,500/month NNN
Lease expiration 3/2011

NOAA Marine Operations Center - Pacific
NOAA Marine Operations Center - Pacific l Offering Memorandum

NOAA Marine Operations Center - Pacific
NOAA Marine Operations Center - Pacific l Offering Memorandum

NOAA Marine Operations Center - Pacific
NOAA Marine Operations Center - Pacific l Offering Memorandum

NOAA Marine Operations Center - Pacific
NOAA Marine Operations Center - Pacific l Offering Memorandum

NOAA Marine Operations Center - Pacific
NOAA Marine Operations Center - Pacific l Offering Memorandum

CONTACT INFORMATION
Jason Rosauer
Senior Vice President, Partner
206.296.9608
jrosauer@kiddermathews.com
Fax: 206.296.9629
Dave Speers
Senior Vice President, Partner
206.296.9626
dspeers@kiddermathews.com
Fax: 206.296.9629
Curt Ghan
Senior Vice President, Partner
206.296.9615
cghan@kiddermathews.com
Fax: 206.296.9629
NOAA Marine Operations Center - Pacific l Offering Memorandum
Kidder Mathews
601 Union Street, Suite 4720
Seattle, WA 98101-2355
www.kiddermathews.com