Investment Highlights
- Best-in-Class Community: Institutional-quality asset with superior physical plant spanning nearly 50 acres, offering a low-density, wooded, park-like setting adjacent to a protected nature reserve.
- Resort-Style Amenities: Exceptional amenity package including a renovated central clubhouse and resident lounge, expansive fitness center with yoga studio, oversized swimming pool and spa.
- Partial Value-Add Opportunity: Significant upside potential through cosmetic upgrades in the remaining 57% of units.
- Balanced Unit Mix: The community offers a balanced mix of one-, two-, and three-bedroom homes averaging ±835 square feet. All homes include private decks or patios, with greenbelt views from most units. Built-in bookshelves and desks enhance functionality in most homes.
- Excellent Bothell Location: Prime location in Bothell's thriving tech and biomedical corridor on Seattle's Eastside. Affluent neighborhood demographics with average household income of $173,765 within a two-mile radius. Served by the top-rated Northshore School District.
- Affordability Compared to Homeownership: With median home prices in Bothell exceeding $1 million, barriers to homeownership remain high despite the city's strong disposable incomes compared to other West Coast tech markets. Griffis North Creek offers residents a cost-effective rental alternative, with savings of approximately 70% compared to owning a home in this sought-after submarket.
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