Lofty 2820 Rucker Ave

Pawsome Dog Lounge: A Retail Use Property

Offering Details

• Chris R. transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
• Tokens represent direct ownership in the LLC that owns the property. Chris will maintain at least 10% ownership in the LLC indefinitely.
• View proof of Chris's ownership prior to the title transfer here. View proof of the title transfer here. View the LLC documents here

Property Details

• Strategic downtown location in a rapidly upzoning corridor of Everett—steps from future transit, services, and new development.
• Main tenant on a Triple Net Lease (NNN): Pawsome Park and Lodge, providing reliable lease revenue and increased building activation; highly popular among local pet owners, driving daily foot traffic and community engagement.
• The tenant pays for all repairs, property taxes, and insurance. The lease contract starts at $12,500/month on NNN terms, and escalates to $25,000/month over the next two years.
• Other local businesses and nearby residential make this a stable, diversified income property with upside as the area densifies.
• Zoning: High-density “Mixed Urban” (MU-15/Center City or similar)—supports 15 to potentially 25 stories, subject to design review and incentives.
• Density: No explicit dwelling unit cap; massing, FAR, and parking drive maximum unit count.
• Potential:
• Continue stable cashflow from tenancy and escalating rents—plus daily Lofty distributions.
• Entitlement for significant redevelopment: apartment/mixed-use, mid-rise or tower, retail, and office, all possible within up-to-date city frameworks.
• Everett’s current code and planning emphasize transit-oriented development and allow for flexibility far above traditional neighborhood scales; bonus heights possible for affordable or mixed-income projects.
• Sale, redevelopment, or joint venture in the future would unlock further value for all equity token holders.
• Why Invest in 2820 Rucker Ave?
• Strong, growing cashflow backed by a blue-chip anchor tenant and pro management
• True urban development play: rare upzoned/high-rise potential in the heart of a growing city
• Daily income: rent distributed directly to your account—no lockup, peer-to-peer liquidity
• Documented transparency: every report and contract available for review
• Professional oversight with Barkside Management LLC and locally active, proven tenants
• Fractional access: Own a piece of the next major node in Everett’s real estate evolution starting at just $50 per token
• Below are the rent & yield projections (next 5 years) - All figures are annualized rent, net of 12% property management fee, distributed only to equity token holders. Tenant is on a 10-year lease, with rent adjusting to market rate in year 6.

More About the Seller

• View Chris's Bio

Property Management and Insurance

• Managed by Barkside Management LLC
• Property Management Agreement
• Insurance Policy

Occupancy Status

• 10-year NNN lease with built-in annual rent increases until year 3:
• Year 1: Monthly Gross Rent: $12,500
• Year 2: Monthly Gross Rent: $19,500
• Year 3: Monthly Gross Rent: $25,000
• Lease Agreement
• The tenant paid $5,000 for the first month of the lease. Chris is applying a $7,500 rent credit for that month, and the monthly rent going forward will be $12,500.

Property Leverage

• This property has a loan balance of $1,463,400 View the loan documents here.
• As the seller, Chris R. pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Location Data

• "B" Rating for Zip Code on Niche

Due Diligence Documents

• Title Report
• Appraisal
• Inspection Report
• Operating Agreement
• View All Documents