King County Summit Site Asset Disposition Strategies
Maple Valley, WA
Project Description
The property is a 156 acre site owned by King County (KC) and located in the City of Maple Valley. The County wished to consider the possibility of relocating its regional roads maintenance facility and selling the property.
Project Responsibilities
- Identified stakeholder needs and develop weighted replacement site selection review criteria
- Conducted site analysis and due diligence
- Analyzed appraisals and create feasibility models to establish value and highest and best use
- Project Manager for the disposition of the property
- Facilitated to build consensus between stakeholders
- Real Estate Advisor for KC Facilities Management Division to the KC Executive Office and Council Staff
- Seller's representative in the land use consensus efforts with the City of Maple Valley
Project Results
- Selected best site for relocation of current facility
- Determined that direct sales negotiation may not produce highest offer for property
- Creation of the RFP
- Development of Purchase and Sale Agreement
- Negotiated on behalf of KC a Joint Plan Agreement between the City of Maple Valley and King County guiding the development of the property
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