Bror Elmquist - Offering Memorandum (400 Winslow Way, Bainbridge Island)

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ELMQUIST COMMERCIAL

The Winslow

All Commercial Ground-Floor Units 400 WINSLOW WAY EAST BAINBRIDGE ISLAND, WA 98110


Listing Summary

This listing is a part of a large mixed-use building, including retail, office and residential.

Unit A (Suites 100 & 110)

Unit B (Suites 115 & 120)

• 3,113 Square Feet • Listing Price per Square Foot: $261.81 • Cap Rate: 5.04% • Priced at $815,000

• 2,156 Square Feet • Listing Price per Square Foot: $252.78 • Cap Rate: 5.07% • Priced at $545,000

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Units C/D (Suites 140, 160 & 170)

Unit E (Suites 180 & 190)

• 4,788 Square Feet • Listing Price per Square Foot: $216.79 • Cap Rate: 5.05% • Priced at $1,038,000

• 4,788 Square Feet • Listing Price per Square Foot: $216.79 • Cap Rate: 5.05% • Priced at $1,038,000

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Tenant Summary

Unit A Furnish Bainbridge: 5-year gross lease with annual escalations

Unit B Eagle Harbor Winery: 3-year base lease + NNN with annual escalations Wilder Grace Women’s Clothing: 5-year gross lease with annual escalations

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Units C/D

Unit E

Island Renew Day Spa: 5-year gross lease with annual escalations

Morgan Stanley: 5-year base lease + NNN with annual escalations Evergreen Mortgage: 5-year gross lease with annual escalations

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The Courtyard

RENEW DAY SPA MORGAN STANLEY

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EVERGREEN MORTGAGE

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Plaza Entry

EAGLE HARBOR WINERY

WILDER GRACE

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FURNISH BAINBRIDGE

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Leasing Plan

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Street Map

400 Winslow Way East

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Plaza Side Floor Plan Northwest 1/4, Southwest 1/4, Section 26, Township 25 North, Range 2 East, W.M. Bainbridge Island, Kitsap County, Washington

Legend RLCE

Residential limited common element

CLCE

Commercial limited common element

LCE

Limited common element

CE

Common element

197.58

Elevation of level ceiling

198.58

Elevation of level break line Level ceiling breakline

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Courtyard Side

Unit C

Unit D

Unit E

Unit B

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Building Specifications

NUMBER OF UNITS: 4. This listing is a part of a large mixed-use, including retail, office and residential with every suite and unit a condominium. This listing is for commercial units with ongoing leases. • This commercial condo is being sold with an ongoing lease that lasts another 4.5 years at set rental rates. • Essentially this is an “investment product” with a guaranteed rate of return and ownership of the space that can be sold at a later date. YEAR BUILT: 2004 BUILDING SIZE AND NUMBER OF UNITS: • Total: 31,698 SF • Commercial: 17,260 SF including 7 condominium suites • Residential: 14,438 SF including 9 condominium units FLOOR DETAILS: • First floor with access direct to the street sidewalk • Bathrooms: 4 (common) ZONING: • Mixed-use downtown core AMENITIES: • Located on the downtown central shopping street • Suites open onto public plaza and courtyard • Complex also has a separate plaza gardens and fountain • Elevator access • Common area door-access system • Fully fire sprinklered • Underground parking LISTING START: September 12, 2023

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Site Plan

N 88°39’03”W

25’

14.32’

Northwest 1/4, Southwest 1/4, Section 26, Township 25 North, Range 2 East, W.M. Bainbridge Island, Kitsap County, Washington

191.39’

N43°39’05”W 11.45’

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999.92’

N1°20’16”E 44.50’

60.71’ 22.03’

95.99’

21.92

N1°20’16”E

N88°39’22”W

N89°29’30”W 20.0’

N1°21’42”E

0.33’ clearance

7.25’

0.33’ clearance

41.44’

N88°39’44”W 2.43’

81.75’

WINS

24’

20.0’ N0°32’40”E

999.00’

N46°22’29”E 11.48’

’ .90 23 6’ 6.0 ”W W 3 ” ’54 18 8’40 2° N3 33°0 N

Masonry nail with brass ring inscribed “City of B.I Survey Marker” set by MacLearnsberry, Inc.

N89°29’30”E

N1°21’42”E

N88°39’44”W 2.44’

This area is within the public right-of-way and is subject to Airspace Use Permit from the City of Bainbridge Island.

ERICKSON AVENUE

112.75’

Public ingress & egress easement to the City of Bainbridge Island per this amendment.

N88°39’44”W

2623.4

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22”W

34.36’

99.98’

N 88°34’19”W

N1°20’16”E

40.09’

N1°25’41”E

N0°24’35”W

Legend Foundation footprint Exterior of concrete foundation wall Building cantilever on upper level

96.28’

1 8°2

N2 ”W

’00

INSLOW WAY

623.49’ Found concrete monument in case (11/10/89)

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Street View

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Downtown Winslow Shopping

HITCHCOCK BAINBRIDGE ARTS AND CRAFTS COLUMBIA BANK USPS

ELEVEN WINERY

TOWN & COUNTRY

STREAMLINER DINER

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WINSLOW MALL SHOPPING CENTER ISLA BONITA RESTAURANT

VIRGINIA MASON WINSLOW

THE WINSLOW

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The Winslow

All Commercial Ground-Floor Units 400 WINSLOW WAY EAST BAINBRIDGE ISLAND, WA 98110

ELMQUIST COMMERCIAL Bror Elmquist 206.841.5091 brorelmquist.rsir.com bror.elmquist@rsir.com Each Office Is Independently Owned And Operated.


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