2220 NW Market St, Seattle, WA 98107

• Type: Office/Retail Building
• Purchase CAP Rate: 5.92%
• Strategy: 5 year HOLD

The intersection of Ballard Avenue and Market Street is considered the epicenter of the vibrant Ballard sub-market. There is heavy pedestrian and vehicular traffic in addition to explosive population growth occurring in the area. Since the 1980s Ballard has transformed from a boutique Scandinavian fishing village, into an eclectic combination of top-scale restaurants, trendy shops, towering mixed-use developments, and vintage industrial facilities.

The Ballard neighborhood has assumed the unofficial title as the food and beer capital of Seattle. The area holds the distinction of the highest concentration of breweries in the region, and among the highest concentration of restaurants and bars relative to its population. Renown chef, Ethan Stowell, has two long-standing restaurants located along Ballard Avenue. The neighborhood openly celebrates its love for food by hosting one of the city’s largest and longest-running farmers market every Sunday, spanning a 2-block stretch of Ballard Avenue on the historical cobblestone streets.