· Recently built, new construction located in South Seattle within a frequent transit corridor · Hanford Studios achieves near 100% occupancy as it completes initial lease-up and nears stabilization, with highest rents commanding 5.7% premiums over market rate · The property delivers exceptional value at $170K per unit for 2023 construction · Built-in high returns for new ownership through stabilization by bringing all units to market rent and operating at market rate expenses · Immediate proximity to Mount Baker Light Rail Station within 2 blocks; multiple bus routes to Downtown Seattle and Renton within 4-minute walk or less · Building comprised of 33 SEDUs averaging 247 SF with ground-level lounge, outdoor amenity space, and common laundry facilities · Robust renter pool within one-mile radius (51% of housing units are renter occupied) · Considered Very Walkable with Excellent Transit Scores of 82 and 70, respectively INVESTMENT HIGHLIGHTS Hanford Studios’ ideal location in Seattle’s iconic Central District is anchored by accessible transit, restaurants, nightlife, and retail stores Thoughtfully designed, the property attracts young, working professionals and students seeking lower-rental options near employment sectors while offering ownership high market rents per square foot Property’s central location will support consistent future rental demand with 76% of residents employed in white-collar positions The building consists of 6 floors with ground-level outdoor amenity space, shared laundry facilities, bicycle storage, and a lobby In-unit amenities include granite countertops, stainless steel appliances, vinyl flooring, and vaulted ceilings