Berkadia Seattle presents Chinook Ballard, a brand new 56-unit apartment building located in one of Seattle’s most sought-after neighborhoods. The building is comprised of SEDUs, EDUs, and one-bedroom lofts and qualifies for a 12-year property tax exemption with 14 affordable units. Amenities include a ground-floor lobby and common area, controlled access, as well as in-unit washers and dryers and the property’s location offers near-perfect Walk and Bike Scores of 96 and 98, respectively. With current easy access to South Lake Union and the University District, Chinook Ballard will benefit from proximity to Sound Transit options as the proposed extension will feature a Ballard Station just a few steps away. Investment Highlights Building comprised of 56 residential units: 41% SEDUs, 43% EDUs, and 16% one-bed lofts Amenities include ground-floor lobby and common area, controlled access, and in-unit washers and dryers Qualifies for 12-year property tax exemption with 14 affordable units Average effective rent was $2,249 per month in 3Q24 Sound Transit’s Ballard Link Light Rail Extension proposes station options within 5-minute walk from Chinook Ballard Median household income within 1-mile radius is slated to surpass $148,110 over the next 5 years, equating to a 29.6% increase Near-perfect Walk and Bike Scores of 96 and 98, respectively Robust renter pool within one-mile radius (49% of population)