Rowlock, a newly constructed property in Seattle's Fremont neighborhood, is strategically located just half a block from the retail core and N 36th Street. With occupancy achieving 95%, Rowlock is fully stabilized and completed its initial lease-up phase, while proving rental upside with highest rents setting new benchmarks at 12% above current market rents. The property has set new benchmarks with two-bedroom units renting at $3,650 and one-bedroom units at $2,669. Rowlock is distinguished by its Energy-Efficient, Built Green 4-Star Certification and offers a diverse unit mix, including studios, one-, and two-bedroom units, with 36% of units featuring lofted designs, open floorplans, and 17-foot ceilings. The property is thoughtfully designed with an oversized lobby, separate meeting spaces, and immediate access to the Burke-Gilman Trail. It also features an indoor/outdoor heated rooftop terrace and kitchen. Amenities at Rowlock include air conditioning on the top two floors, in-unit washer/dryers, a shared commercial laundry room, bicycle storage and repair station, paid tenant storage, a pet washroom, and a heated rooftop resident lounge, enhancing the living experience for residents. Investment Highlights: Rowlock’s incredible location in Seattle’s bustling Fremont neighborhood is easily accessible to employers, restaurants, nightlife, and retail stores With high-quality construction and great attention to detail, Rowlock attracts young, working professionals wanting new construction with desirable amenities near employment sectors, while still offering ownership high market rents per square foot; 32% of renters are in the key renter age group of 18 to 35 Strong renewal percentage with 3-5% annual rent increases achieved to date in 2025 Property’s central location supports consistent future rental demand, with 85% of residents employed in white-collar positions compared to 71% in the Seattle Metro The building consists of six floors, ground-level outdoor amenity space, shared laundry facilities, bicycle storage, and a lobby In-unit amenities include floor-to-ceiling windows, stainless steel appliances, quartz countertops in kitchens and baths, high ceilings, undermount sinks, plank flooring, and private decks in select units Strong tenant demographics with the average income at over $110,000 annually Berkadia is offering an SOC of $100,000