427 Unit Multi-Family Investment Portfolio
For Sale—$29,000,000 ($67,916/Unit)
Pullman, WA and Moscow, ID
The Aegis
Apartments
The Cougar Apartments
The Laurel
Apartments
The Elysian
Four-Plexes
The Valley View
Apartments
The Notus
Apartments
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black CCIM, SIOR
The Hayes Street
Apartments
The Washington
Duplex
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
509 622 3535
[email protected]
Black Commercial, Inc.
107 S. Howard, Suite 500
Spokane, WA 99201
direct 509 623 1000
fax 509 622 3500
www.naiblack.com
427 Unit Multi-Family Investment Portfolio
For Sale—$29,000,000 ($67,916/Unit)
Pullman, WA and Moscow, ID
See list on Page 4 for
addresses
The information contained herein has been given to us by the owner of the property or other
sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee
it. All information should be verified prior to purchase or lease.
427 Unit Multi-Family Investment Portfolio
For Sale—$29,000,000 ($67,916/Unit)
Pullman, WA and Moscow, ID
See list on Page 4 for
addresses
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black CCIM, SIOR
509 622 3535
[email protected]
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
Black Commercial, Inc.
107 S. Howard, #500, Spokane, WA 99201
direct 509 623 1000 fax 509 622 3500
www.naiblack.com
427 Unit Multi-Family Investment Portfolio
For Sale—$29,000,000 ($67,916/Unit)
Pullman, WA and Moscow, ID
PULLMAN, WA 99163
The Aegis Apartments, 1610 Wheatland Drive NE
The Cougar Apartments, 205 Larry Street NW
The Eos Apartments, 1235 Hillside Drive NE
The Lamont One Apartments, 1830 Lamont Street NW
The Lamont Two Apartments, 1810 Lamont Street NW
The Laurel Apartments, 1585 Turner Drive NW
The Lethe I Apartments, 1605 Valley Road NE
The Lethe II Apartments, 1635 Valley Road NE 99163
The Loft and Studio Apartments, 1215 Stadium Way NE
The Morton Street Apartments, 545 Morton Street NE
The Olympus Plus Apartments, 1200 Hillside Circle NE
The Triplex on Wheatland Drive Apartments, 1510 Wheatland Drive NE
The Valley View Apartments, 1325 - 1425 Valley Road NE
The West View Apartments, 1130 - 1146 Markley Drive NE
The Duplex Apartments, 1270 Hillside Drive NE
The House on Hillside Drive, 1260 Hillside Drive NE
MOSCOW, ID 83843
THE ELYSIAN FOURPLEXES, 1122 E. Third Street
The Hayes Street Apartments, 118 S. Hayes Street
The Lilly Apartments, 410 S. Lilly Street
The Notus Apartments, 200 Lauder Avenue
The Spotswood Apartments, 317 Spotswood Street
The House on 117 N. Asbury, 117 N. Asbury Street
The House on Garfield, 206 Garfield Street
The House on 207 N. Asbury, 207 N. Asbury Street
The House on 303 Styner, 303 Styner Avenue
The House on 309 Styner, 309 Styner Avenue
The House on Fourth Street, 416 W. Fourth Street
The House on Washington, 428 N. Washington Street
The Washington Duplex, 420-422 N. Washington Street
The Cottage on Hawthorne Drive, 1413 Hawthorne Drive
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black CCIM, SIOR
509 622 3535
[email protected]
Black Commercial, Inc.
107 S. Howard, Suite 500
Spokane, WA 99201
direct 509 623 1000
fax 509 622 3500
www.naiblack.com
Pullman & Moscow
Regional Data
Pullman is located in the southeastern part of Whitman County, Washington. The city is composed of four
quadrants divided by Grand Avenue and Main Street. Washington State University (WSU) is located in the northeast
quadrant named College Hill. The northwest area is called Military Hill, comprised mostly of single family residential
and apartments. The southwest quadrant is Sunnyside Hill, which contains mostly single family residential. The
southeast quadrant is called Pioneer Hill and contains multiple commercial developments.
Pullman’s population is estimated at 31,000, with a median resident age of 22.3 (Source: US Census Bureau).
WSU students make up approximately 63% of Pullman’s population. WSU is the engine that drives the Pullman
community, economically, socially, environmentally, and politically. WSU claims to have 4,114 people employed on
the Pullman campus as of Fall 2013.
According to the Moscow Chamber of Commerce, five of the ten biggest employers in the region are located in
Pullman: WSU, Schweitzer Engineering (SEL Inc), the City of Pullman, Pullman Regional Hospital, and Pullman School
District.
Approximately 65% of households in Pullman are non-family households (Source: US Census Bureau, 2010 Census of
Population and Housing). Non-family households are defined as an individual living alone or with other non-related
individuals. Among housing units in Pullman, 62.5% of them are renter-occupied (Source: US Census Bureau).
Moscow, located just east of Pullman across the Washington-Idaho border, is home to the University of Idaho. Within
a 3 mile radius of the city, Moscow’s population is about 24,500. The median Moscow resident age is 24.2 years. For
the population of Moscow 25 years or older, 96.2% hold a high school diploma or higher while at least 52.7% have
earned a bachelor’s degree or higher (Source: US Census Bureau).
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black CCIM, SIOR
509 622 3535
[email protected]
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
Black Commercial, Inc.
107 S. Howard, #500, Spokane, WA 99201
direct 509 623 1000 fax 509 622 3500
www.naiblack.com
WSU is among the nation's top 60 public research universities, according to the U.S. News and World Report 2011 rankings
(published 2010).
CAMPUS LOCATIONS AND ENROLLMENT (2013)
Enrollment by campus:
Pullman:
19,446
Spokane:
1,367
Vancouver:
3,097
Tri-Cities:
WSU Online:
Total:
1,347
2,376
27,642
* Students enroll at multiple campuses; the sum of all campuses does not equal the total.
STUDENT PROFILE
Average student age (all campuses):
Gender (all campuses):
Undergraduate:
23
Graduate:
31
Men:
49%
Women:
51%
International students at Pullman: 1,799
ACADEMIC PROGRAMS
Academic majors: More than 200 fields of study
Colleges: 10 colleges
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black CCIM, SIOR
509 622 3535
[email protected]
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
Black Commercial, Inc.
107 S. Howard, #500, Spokane, WA 99201
direct 509 623 1000 fax 509 622 3500
www.naiblack.com
University Facts
Founded: 1889
Location: Moscow, Idaho (pop. 23,800)
Enrollment: 12,493
Faculty & Staff: 2,464 ±
President: Chuck Staben
Nickname: Vandals
School Colors: Silver and Vandal Gold
Athletics: NCAA Division I; Western Athletic Conference
Students:
Enrolled from all 44 Idaho counties, 50 states (plus the District of Columbia and Puerto Rico) and 74 foreign countries.
Student population is 54 percent male and 46 percent female
Student/Faculty Ratio: 18 to 1
Fall Freshman Profile:




Total enrollment: 1,631
47 percent boast a grade point average of 3.5 or greater
3.38 was the average GPA
23.2 was the average ACT Composite
Graduation Rate:
The University's six-year graduation rate is 56%
Annual Student Fees/Tuition (FY 2014-2015)
Resident Undergraduate: $6,212
Graduate: $7,162
Law: $15,036
Nonresident Undergraduate: $19,000
Nonresident Graduate: $19,950
Nonresident Law: $27,824
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black CCIM, SIOR
509 622 3535
[email protected]
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
Black Commercial, Inc.
107 S. Howard, #500, Spokane, WA 99201
direct 509 623 1000 fax 509 622 3500
www.naiblack.com
427 Unit Multi-Family Investment Portfolio
For Sale—$29,000,000 ($67,916/Unit)
Pullman, WA and Moscow, ID
Pullman, WA
Demographics:
Population
Within 1 Mile: 18,045
Within 3 Miles: 30,751
Within 5 Miles: 31,402
Average Household Income
Within 1 Mile: $45,871
Within 3 Miles: $46,728
Moscow, ID Demographics:
Population
Within 1 Mile: 17,055
Within 3 Miles: 25,759
Within 5 Miles: 26,801
Average Household Income
Within 1 Mile: $41,421
Within 3 Miles: $47,581
Contact Information:
Mitch Swenson, CCIM
509 623 1000
[email protected]
Dave Black, CCIM, SIOR
509 622 3535
[email protected]
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to
doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
Black Commercial, Inc.
107 S. Howard, Suite 500
Spokane, WA 99201
direct 509 623 1000
fax 509 622 3500
www.naiblack.com
427 Unit Multi-Family Investment Portfolio
For Sale—$29,000,000 ($67,916/Unit)
Pullman, WA and Moscow, ID
Investment Proforma Analysis
Prepared by Mitch Swenson with Black Commercial, Inc., an NAI Black company.
ALL INFORMATION IS BELIEVED TO BE ACCURATE; HOWEVER, IT IS THE RESPONSIBILITY OF THE BUYER TO VERIFY ALL INFORMATION PRIOR TO PURCHASE.
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED
SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF
ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY
HAZARDS CONTAINED THEREIN OR ANY TO BE IMPLIED.