DOCSLIB.ORG

For Sale Click Here to Sign Ca for Full Rent Roll Package

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
For Sale Click Here to Sign Ca for Full Rent Roll Package 3612 - 3892 CENTER STREET NE | SALEM OREGON 97301 EVERGREEN PLAZA FOR SALE CLICK HERE TO SIGN CA FOR FULL RENT ROLL PACKAGE RYAN IMBRIE| MANAGING DIRECTOR [email protected] www.svnimbrie.com O: 503.208.9403 | M: 503.705.7352 All SVN® Offices Independently Owned and Operated CLICK HERE FOR PROPERTY VIDEO PROPERTY INFORMATION SALE PRICE $19,850,000 PRICE/SF $227.98 BUILDING SIZE 87,069 SF LOT SIZE 324,957 SF (7.46 AC) TENANCY Multi ZONING CR PARKING RATIO 5.66/1,000 YEAR BUILT 1990-1992 PARCEL NUMBER R24076, R24079, R24077, R24062, R24059 TENANT BREAKDOWN MARKET Salem SVN-Imbrie Realty is proud to present the Evergreen Plaza in Salem, Services Oregon. This 87,069 SF multi-tenant plaza is shadow anchored by Target 23% and benefits from the additional foot traffic created by the 645,000 SF Food regional mall, the Willamette Town Center, to the North. Evergreen Plaza 41% features an attractive mix of national, regional and local tenants that include Buffalo Wild Wings, Cold Stone Creamery, Lenscrafters, Chang’s Mongolian Grill, Great Clips and Subway. Goods 36% Evergreen Plaza was built in 1990-1992 and is well situated near Interstate 5 and is in the heart of the retail corridor of East Salem. Additionally, the property has gone through recent updates. On-site electric car charging stations were recently installed and shadow anchor Target has recently gone through cosmetic updates with fresh paint. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Cold Stone Creamery is an American ice cream Nagoya Japanese Steakhouse & Sushi is a local hibachi style Japanese parlor chain. Headquartered in Scottsdale, Arizona, steakhouse. The extensive menu offers offer a wide variety of the company is owned and operated by Kahala authentic Japanese cuisine including steaks, chicken, seafood, Brands. sushi. With 7 locations in Oregon, Chang’s Mongolian Grill is the largest chain of all you can eat Mongolian KKOKI BBQ is a Korean barbecue restaurant that serves a range style restaurant in State of Oregon. of autentic Korean food and beverage items. At every KKOKI BBQ place, everyone gathers around a grill in the middle of the table. The establisment serves angus prime rib, beef, chicken, pork, shrimp and noodle soup. It additionally serves seafood hot pot & late night special dishes. Subway is an American privately-held restaurant franchise that primarily sells submarine sandwich- es (subs) and salads. It is one of the fastest-growing franchises in the world and, as of October 2019, Sally Beauty is the world's largest retailer of salon-quality hair color, had 41,512 locations in more than 100 countries. hair care, nails, salon, and beauty supplies. Great Clips is a hair salon franchise with over 4,100 Awesome Indoor Playground is Salem, Oregon’s largest indoor play locations across the United States and Canada. structure, serving locally sourced coffee and hand crafted pizza Buffalo Wild Wings is an American casual dining restaurant and Plato's Closet buys and sells gently used clothing sports bar franchise which specializes in Buffalo wings and sauces. for teens and twenty-something boys and girls. Currently there are 1,238 locations in 10 different countries LensCrafters is an international retailer of prescription eyewear and prescription sunglasses. Its stores usually host independent optometrists on-site or in an adjacent store. The company has its corporate headquarters in Mason, Ohio. LensCrafters has been a wholly owned subsidiary of Italy’s Luxottica, the largest eyewear company in the world, since 1995 At the end of 2018, Luxottica operated 1,158 LensCrafters stores FURNITURE GALLERY NW BRIGHT MINDS HEARING TENANT PROFILES The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. PROPERTY FINANCIALS APPROX. IN-PLACE PRO-FORMA EVERGREEN PLAZA TENANTS SQ. FT. ANNUAL INCOME 5% VACANCY 3612-3892 CENTER ST NE Occupied Space Click Here for Rent Roll 87,069 100.0% $1,548,067 $1,548,067 SALEM, OR 97301 Vacant See rent roll for detail 0 0% $0 Price: $19,850,000 Total Building SF 87,069 $1,548,067 $1,548,067 INCOME CURRENT PRO-FORMA Tenant Spaces: 24 Scheduled Gross Annual Income $1,548,067 $1,548,067 Actual CAP Rate: 7.67% Recapture / CAM $381,326 $381,326 Pro-Forma CAP Rate: 7.18% Price/SF: $227.98 Less: Vacancy Valued on in-place income / 5% Vacancy $0 ($96,470) Year Built: 1990/1992 Other Income: $0 $0 Acreage: 7.46 Effective Annual Income $1,929,394 $1,832,924 % EFFECTIVE EXPENSES $/SF/YR CURRENT PRO FORMA ANNUAL INCOME CAM Expenses $1.80 $156,348 $156,348 Real Estate Taxes $2.08 $180,828 $180,828 Property Insurance $0.19 $16,536 $16,536 Management Fees $0.62 $54,000 $54,000 Total Estimated Annual Expenses 30.62% $4.68 $407,712 $407,712 Total Estimate Net Operating Income $1,521,682 $1,425,212 PLACEMENT OF NEW DEBT TYPE: New Debt: 10 year Fixed, 30 year Amortization COMMENTS: Prepayment Penalty Schedule: 5, 5, 4, 4, 3, 3, 2, 2, 1, 1 Interest Amortization of Debt Coverage Ratio % Down: Down Payment Loan Balance: Monthly Payment: Annual Debt Service: Rate: Loan: (DCR) 35.00% $6,947,500 $12,902,500 $4.00% 30 ($61,598.51) ($739,182.10) 2.06 DEBT PLACEMENT OPTIONS IN-PLACE INCOME Debt Placement Quote Provided By: Net Operating Income: $1,521,682 Matthew Paresi | Senior Vice President Less: Loan Payment: ($739,182) Leeson Advisors Before Tax Cash Flow: $782,499 P: 971.645.3980 Cash-on-cash Return: 11.26% [email protected] The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. PROPERTY SITE PLAN Furniture Gallery NW The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. EVERGREEN PLAZA PROPERTY PARCEL MAP 21,240 ADT 25,230 ADT SALEM, OREGON INFORMATION 2018 DEMOGRAPHICS Salem is the capital of the State of Oregon, and the county seat of Marion County. It is located in the center of the Willamette Valley alongside the Willamette River, which runs north 294,994 111,752 5 M 5 M through the city. The river forms the boundary between Marion 132,117 IL 49,051 IL and Polk counties, and the city neighborhood of West Salem is E E 17,407 6,010 in Polk County. Salem was founded in 1842, became the capital 3 3 M M of the Oregon Territory in 1851, and was incorporated in 1857. I I L L E E The city is home to Willamette University, Corban University, 1 1 M M I and Chemeketa Community College. The State of Oregon is I L L E the largest public employer in the city, and Salem Health is E the largest private employer. Transportation includes public transit from Salem-Keizer Transit, Amtrak service, and non-commercial air travel at McNary Field. Major roads include Interstate 5, Oregon Route 99E, and Oregon Route 22, which connects West Salem across the Willamette River via the Marion Street and Center Street bridges. POPULATION HOUSEHOLDS $77,814 $317,774 5 M 5 M I I $69,801 LE $262,764 LE $62,551 $251,844 3 3 M M I I L L E E 1 1 M M I I L L E E AVERAGE HH INCOME AVERAGE HOUSE VALUE DISCLAIMER EXCLUSIVELY LISTED BY The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the RYAN IMBRIE| MANAGING DIRECTOR SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible [email protected] purchase of the Property. O: 503.208.9403 | M: 503.705.7352 The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof.
Load more

Recommended publications
  • 1999 OREGON HIGHWAY PLAN Including Amendments November 1999 Through May 2015
    1999 OREGON HIGHWAY PLAN Including amendments November 1999 through May 2015 An Element of the Oregon Transportation Plan THE OREGON DEPARTMENT OF TRANSPORTATION Copyright © 1999 by the Oregon Department of Transportation Permission is given to quote and reproduce parts of this document if credit is given to the source. A copy of this plan and amendments as the Oregon Transportation Commission adopted them are on file at the Oregon Department of Transportation and online at: https://www.oregon.gov/ODOT/Planning/Pages/Plans.aspx#OHP. Editorial changes for consistency have been made in this document. Amendments Incorporated into May 2015 version of 1999 OHP 99-01: Highway Reclassification (9 November 1999) 00-02: Expressway Classification (11 May 2000) 00-03: Expressway Classifications and Technical Corrections (7 June 2000) 00-04: Alternate Mobility Standards; RVMPO and Metro (13 December 2000) 01-05: Expressway Classifications (11 April 2001) 01-06: Conditional Designation of STAs and Designation of UBAs (9 August 2001) 02-07: Jurisdictional Transfers (November 2002) 03-08: Bypass Policy (16 April 2003) 03-09: Amendment of Appendix E: NHS Intermodal Connectors (18 June 2003) 04-10: Amended Policy 1B (14 January 2004) 04-11: Highway Segment Designations (14 January 2004) 04-11: Highway Segment Designation Maps (14 January 2004) 04-12: Technical Corrections to the Oregon Highway Plan (2 July 2004) 04-13: Technical Corrections to the Oregon Highway Plan (20 December 2004) 05-14: Designation of Special Transportation Areas (10 January 2005)
    [Show full text]
  • First Pacific Corporate Bldg
    FIRST PACIFIC CORPORATE BLDG. Class A Offi ce Investment Salem, Oregon FIRST PACIFIC CORP. BUILDING | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 1 5121 SKYLINE VILLAGE LOOP S | SALEM, OREGON TABLE OF CONTENTS EXECUTIVEEXECUTIVE PROPERTYPROPERTY SUMMARYSUMMARY DESCRIPTIONDESCRIPTION PAGEPAGE 4 PAGEPAGE 6 LOCATIONLOCATION MARKETMARKET OVERVIEWOVERVIEW COMPSCOMPS PAGEPAGE 1212 PAGEPAGE 1414 CONTACTS: CHRIS JOHNSON 503 542 5884 [email protected] BRAD CHRISTIANSEN 503 499 0054 [email protected] NORTH 2.2 Miles to I-5 KKuebleruebler BBlvdlvd Kaiser Permanente Skyline The Doctors’ Clinic Building Country Financial Building S d R e n li y k SSkyline Rd S First Pacifi c Corp. Bldg. EXECUTIVE SUMMARY Colliers International is off ering the uniquely attractive owner/user opportunity to purchase the First Pacifi c Corporation Building, located in Salem, Oregon with easy access to I-5. Built in 2003, the four-story building is 52,993 rentable square feet on 2.23 acres. The property is located in South Salem, approximately ten minutes south of the Central Business District, the Oregon State Capital building and Willamette University. Primary access to the Skyline neighborhood is via I-5, which extends north/south just west of the property. Kaiser Permanente Skyline Medical Offi ce is located directly across Skyline Road from the property and The Doctors Clinic Building is located directly North of the property. Major east-west arterials are Kuebler Boulevard and Mission Street Southeast/Highway 22. The property has excellent freeway access and linkages to the rest of the Salem metro area. NAME: First Pacifi c Corporate Building ADDRESS: 5121 Skyline Village Loop S Salem, Oregon 97306 PARCEL NUMBER: R91047 RENTABLE AREA: 52,933 SF (plus 14,218 SF below grade parking garage) NUMBER OF FLOORS: 4 stories ZONING: CO (Commercial Offi ce) YEAR BUILT: 2003 PARKING: 3.5/1,000 FIRST PACIFIC CORP.
    [Show full text]
  • Bandon Transportation System Plan
    BANDON TRANSPORTATION SYSTEM PLAN VOLUME 7 Citizen In volvement -- October, 2000 VOLUME 1 - CITIZEN INVOLVEMENT Backqround Citizen involvement in the planning process is not just the law, it makes good sense. Without involving the citizenry in the preparation of plans and policies, there will be little support when it comes time to implement the plans. The planning process for the Bandon Transportation System Plan resulted in a significant and sincere effort to involve the citizens of Bandon in the preparation of the Plan. Interagency coordination is also important to any planning effort. The transportation planning program made efforts to assure good communication and coordination with a long list of federal, state, and local agencies. Those agencies were provided with information throughout the planning process, and their input was sought The greatest amount of involvement with and coordination with any agency was with the Oregon Department of Transportation. From the start of the TSP process, the work program was ambitious and the time frame unrealistic. It was anticipated at the start that the planning process would last about seven months. It took nearly three years. This unusually extended planning period has several root causes. Too much time and budget was expended on the inventory process. Too little technical assistance and guidance was provided by the Oregon Department of Transportation in the early phases of the project. The planning consultant was over-committed to other planning projects and was not able to perform on the Bandon project on a timely basis. And, the project was hampered by State and City staff turnover.
    [Show full text]
  • Grant Warehouse Areawide PA Report-6-20-13.Pdf
    PRELIMINARY ASSESSMENT GRANT WAREHOUSE RESIDENTIAL AREA Near 3368 NE Martin Luther King, Jr. Blvd. Portland, Multnomah County, Oregon EPA ID No. ORN June 20, 2013 Prepared by: Sarah Miller Site Assessment Specialist Oregon Department of Environmental Quality Prepared for: Joanne LaBaw (M/S ECL-112) Assessment & Brownfields Unit EPA Region 10, Suite 900 1200 Sixth Avenue, Seattle, WA 98101 GENERAL SITE DATA CERCLIS No.: ORSNF0012090 Site Name: Grant Warehouse Areawide Site Address: near 3368 NE Martin Luther King, Jr. Blvd. Portland, Oregon County: Multnomah County Legal Description: Township 01N, Range 1E, (Willamette Meridian) Section 26bb Tax lots: 4003; 4004; 4005; 4006; 3900; 1800; 1900; 2000; 2100; Latitude: North 45.5477 decimal degrees Longitude: West -122.6611 decimal degrees Congressional District: Oregon’s 3rd District Current Owner(s) Various residential properties Operator(s): inactive-(formerly a metallurgical laboratory) Site Contact(s): Portland Development Commission/ City of Portland Housing Authority Directions to site: The site is located on the east side of NE Martin Luther King, Jr. Blvd between NE Ivy St at NE Cook St. Portland, OR Description of Surrounding Properties and Features: See Section 2.1 Ownership History: See Section 2.2 Grant Warehouse Areawide June 20, 2013 CERCLIS No. ORSNF0012090 Page i TABLE OF CONTENTS Section Page 1.0 INTRODUCTION ............................................................................................................................................................ 1 2.0 SITE
    [Show full text]
  • Albany Old Times Winter 2020 Linn County Settlers, by Cathy Ingalls, Board Member
    A Quarterly Publication Winter 2020 Albany Old Times Bessie Travers Cyrus By Dan Murphy, Volunteer Coordinator Photograph of Albany Garden Club's monument unveiling at the Linn County Courthouse by club's 1st president Marguerite Alderson Burkhart, commemorating member Bessie Cyrus who died in 1946, magnolia tree a gift from Hammerly Garden, Albany. Museum’s Burkhart Collection: 1982-001 -0272 For many years while walking around the Linn County Courthouse grounds I would notice certain memorial plaques. One of those is a fine bronze plaque on the Southeast corner at the base of two Magnolia Grandiflora trees. The plaque is in memory of Bessie Cyrus and reads as follows: Magnolia Grandiflora Planted by The Albany Garden Club In Memory of Bessie Cyrus 1948 I had never heard of Bessie Cyrus. No one I asked seemed to have heard of her either. The more I researched Ms. Cyrus the more I learned about how active she was in the community and the effect she had here. Yet no one I spoke to seemed to know anything about her beyond what I learned from old newspaper accounts. This surprised me because the tree that was planted in her honor is so grand and the plaque is so well made and substantial. Seventy-four years have passed since her death (1946) and I found it remarkable how quickly she had been forgotten. Bessie Cyrus was born on 24 September 1892 in Adelaide, CA. She died 9 September 1946, age 53 at her home in Albany. She was buried at the Masonic Cemetery. She was married to Ward Cyrus.
    [Show full text]
  • Crash Analysis and Coding Manual
    T R A N S P O R T A T I O N D E V E L O P M E N T D I V I S I O N ODOT STATEWIDE CRASH DATA SYSTEM 201 8 MOTOR VEHICLE TRAFFIC CRASH ANALYSIS AND CODE MANUAL Published by Transportation Data Section Crash Analysis and Reporting Unit September 2019 Oregon Statewide Crash Data System MOTOR VEHICLE TRAFFIC CRASH ANALYSIS AND CODE MANUAL Oregon Department of Transportation Transportation Development Division Crash Analysis and Reporting Unit 555 13th Street NE, Suite 2 Salem, OR 97301-4178 Robin Ness Manager Graphics courtesy of ODOT Design Photos courtesy of ODOT Photo and Video Services and Crash Analysis and Reporting Unit The Crash Analysis and Reporting (CAR) Unit compiles data for reported motor vehicle traffic crashes occurring on city streets, county roads and state highways. The data supports various local, county and state traffic safety programs, engineering and planning projects, legislative concepts, and law enforcement services. Legally reportable motor vehicle traffic crashes are those involving death, bodily injury, damage to personal property in excess of $2,500; or damage to any vehicle over $2500 and any vehicle is towed from the scene as a result of damage (effective 1/1/2018). Drivers are required to file an Accident and Insurance Report Form with DMV within 72 hours of a traffic crash. From 1/1/2004 through 12/31/2016, drivers were required to file a report when damage to the driver's vehicle was over $1,500; damage to any vehicle was over $1,500 and any vehicle was towed from the scene as a result of damage; if injury or death resulted from the accident; or if damage to any one person’s property other than a vehicle involved in the accident was over $1,500.
    [Show full text]
  • Canby Square
    Canby square Can by , o r Safeway anchored center highway 99 Visibility 1025-1061 SW 1st Avenue, Canby, Oregon 97013 [ www.CapitalPacific.com ] Investment Highlights CANBY SQUARE IS A 115,701 SQUARE FOOT SAFEWAY ANCHORED SHOPPING CENTER LOCATED IN CANBY, OREGON. Developed in 2 phases, 1976 and 1995, this well maintained property is anchored by Safeway and is co-anchored by Dollar Tree and Ace Hardware, and features a strong mix of tenants. The Property is 67% occupied and is offered significantly below replacement costs and provides a 9.00% going in yield prior to the lease-up of the 37,750 SF of available space. Canby Square is located at the south end of Canby off Highway 99E which is the main retail arterial that runs through Canby and connects to Oregon City and West Linn to the north. Canby, OR is approximately 5 miles east of Interstate 5 which is a major highway connecting to Portland, OR just 20 miles to the north. PRICE: $8,739,000 CAP ON IN-place incoME: 9.00% RENTABLE SF .............. 115,701 SF PRICE PER SF .............. $75 BUILD-TO CAP rate. 12.09% OCCUpancY ............... 67% LAND AREA ................ 7.8 Acres YEAR BUILT ................ 1976/1995 PARKING* ................. 390 (3.37/1,000 SF) ANCHORS ................. Safeway, Dollar Tree, Ace Hardware *Parking is approximate and based on a manual count ADDRESS: 1025-1061 SW 1st Avenue, Canby, OR 97013 CANBY SQUARE | 2 Core Characteristics EXCELLENT IN-PLACE YIELD The Property is underwritten on in-place income with a true going in yield of 9.00%. Once the vacancy is absorbed and lease up costs are incurred the yield is north of 12% at 95% occupancy.
    [Show full text]
  • North Clackamas Parks and Recreation District 150 Beavercreek Road Oregon City, OR 97045
    Scott Archer, Director North Clackamas Parks and Recreation District 150 Beavercreek Road Oregon City, OR 97045 October 18, 2018 Board of County Commissioners Clackamas County Board of North Clackamas Parks and Recreation District Members of the Board: Approval of a Grant Agreement with Oregon Parks and Recreation Department (OPRD) for Development of a Nature Play Area at the Boardman Wetland Property Allows NCPRD to receive Local Government Grant Program (LGGP) funding for the development of the Boardman Wetland Project. This Purpose/Outcomes Project will build a nature play area adjacent to the planned natural area and boardwalk amenities in the Jennings Lodge area, an underserved area within the District. Dollar Amount and Approximately $560,000 of SDC funds as a match Fiscal Impact Funding Source Zone 2 System Development Charges (SDCs) Duration 2 years from date of execution. • 2/15/2018 NCPRD Board Meeting: Approval of Resolution 2018-15 authorizing NCPRD to apply for OPRD grant funds to develop a nature play area at the site • 3/29/18 BCC Business Meeting: Approval of Purchase and Sale Previous Board Agreement with OLWSD for the Boardman Wetland Park site. Action • 9/6/18 BCC Business Meeting: Approval of Assignment of IGA for Metro Nature in Neighborhoods grant from OLWSD to NCPRD. • 9/27/18 BCC Business Meeting: Approval of Assignment of IGA for Metro Nature in Neighborhoods grant from OLWSD to NCPRD. Strategic Plan • Build public trust through good government Alignment • Ensure safe, healthy and secure communities Scott Archer, NCPRD Director, 503-742-4421 Contact Person Tonia Williamson, Natural Areas Coordinator, 503-742-4357 BACKGROUND: North Clackamas Parks and Recreation District (NCPRD) applied for a Local Government Grant Program (LGGP) award from the Oregon Parks and Recreation Department (OPRD) to develop a nature play area at the Boardman Wetland Property.
    [Show full text]
  • 251 3Rd St, Scotts Mills, OR 97375
    ™ OFFERING MEMORANDUM UNITED STATES POST OFFICE ™ 241 3rd St | Scotts Mills, OR 97375 EXCLUSIVELY LISTED BY MICHAEL CHISLOCK Associate Direct +1 949 777 5989 Mobile +1 714 330 2077 [email protected] License No. 02026406 (CA) BILL PEDERSEN Market Leader Direct +1 949 432 4501 Mobile +1 831 246 0646 [email protected] License No. 01975700 (CA) TIM CAMPBELL Broker of Record License No. 200203119 (OR) ™ OFFERING MEMORANDUM . 241 3rd St SCOTTS MILLS, OR 97375 05 07 09 Financial Overview Tenant Overview Area Overview 3 INVESTMENT HIGHLIGHTS LOCATION HIGHLIGHTS • Property is positioned in an affluent local market with average House Hold income of over $94K in the 1, 3, and 5-mile radius. • Mission Critical Location that has remained in operation throughout the coronavirus pandemic. • Strategically positioned site with large service area and virtually no competition. Next closest USPS is eight miles away. • The local area is projecting strong population and House Hold development growth within the 1, 3, and 5-mile radius of the site over the next 5 years. • Single-tenant property leased to the U.S. Federal Government, which is rated Aaa by Moody’s Investor Services. 4 OFFERING OVERVIEW UNITED STATES POST OFFICE 251 3rd St, Scotts Mills, OR 97375 LIST PRICE CAP RATE GLA LOT SIZE YEAR BUILT $605,000 7.00% ± 2,603 SF 0.5 AC 1997 ANNUALIZED OPERATING DATA Annual NOI Monthly NOI NOI PSF CAP Current - 9/18/2022 $42,231.48 $3,519.29 $16.22 7.00% Next Option: 9/19/2022 - 9/18/2027 $42,231.48 $3,519.29 $16.22 7.00% LEASE SUMMARY Tenant USPS Type of Ownership Fee Simple Lease Guarantor United States Postal Service Lease Type Gross FOR A CUSTOM LOAN QUOTE PLEASE REACH OUT TO Roof and Structure Landlord HUGH SEIFERT OF BARRINGTON CAPITAL Lease Expiration Date 9/18/22 Capital Markets Direct 949.873.0271 | Mobile 619.818.4430 Landlord Expenses Roof, Parking and Insurance [email protected] Lic.
    [Show full text]
  • Adopted Transportation Demand Management
    2017 City of Oregon City, Oregon Transportation Demand Management Plan PROJECT SUMMARY AND RECOMMENDATIONS FOR TRANSPORTATION DEMAND MANAGEMENT FINAL REPORT November 2017 TABLE OF CONTENTS I. BACKGROUND ............................................................................................................................... 1 II. PROJECT SIGNIFICANCE ................................................................................................................ 1 III. DECISION-MAKING ELEMENTS ..................................................................................................... 2 City & Regional Improvements ........................................................................................................ 2 Downtown Oregon City Parking Study (2016) ................................................................................. 3 Public Outreach Process (2017) ....................................................................................................... 4 Workshop Schedule ........................................................................................................................ 4 Open House Schedule ..................................................................................................................... 4 IV. INDUSTRY BEST PRACTICES.......................................................................................................... 5 V. APPROACH ....................................................................................................................................17
    [Show full text]
  • Testimony by City of Wilsonville Mayor Tim Knapp
    Testimony by City of Wilsonville Mayor Tim Knapp Supporting SB 1021: Proposed Legislation Advances Critical ODOT Project to Fix and Seismically Retrofit the I-5 Boone Bridge Traffic-Congestion Chokepoint Scheduled for public hearing on May 15, 2019, before the Joint Committee on Transportation Co-Chairs Beyer and McKeown and Members of the Committee: On behalf of the City of Wilsonville City Council, I am testifying in strong support of SB 1021, which directs the Oregon Department of Transportation (ODOT) to advance the critically needed “I-5 Wilsonville Facility Plan” for Boone Bridge Southbound Auxiliary Lane and Seismic Resilience Retrofit Project. I also support a friendly amendment by Representative Courtney Neron to this bill that would appropriate $3.5 million from state gas tax revenues to ODOT for project- acceptance development, including preliminary engineering and design. The I-5 Boone Bridge, which traverses the Willamette River between Portland and Salem at Wilsonville, is one of the most traveled bridges in Oregon. Each day over 130,000 vehicles cross the I-5 Boone Bridge, which carries nearly as much traffic as the “CRC Columbia River Crossing” I-5 Interstate Bridge between Oregon and Washington states but 33% more trucks. The I-5 Boone Bridge, located six miles south of the I-5/I-205 interchange, provides a vital link for commuters, freight commerce, and emergency services throughout the state, region, and the West Coast. However, the I-5 Boone Bridge is inadequate for current, growing traffic patterns and is in critical need of seismic upgrading to withstand a Cascadia 9.0 earthquake.
    [Show full text]
  • 251 3Rd St, Scotts Mills, OR 97375
    OFFERING MEMORANDUM UNITED STATES POST OFFICE 241 3rd St | Scotts Mills, OR 97375 EXCLUSIVELY LISTED BY MICHAEL CHISLOCK Associate Direct +1 949 777 5989 Mobile +1 714 330 2077 [email protected] License No. 02026406 (CA) BILL PEDERSEN Market Leader Direct +1 949 432 4501 Mobile +1 831 246 0646 [email protected] License No. 01975700 (CA) TIM CAMPBELL Broker of Record License No. 200203119 (OR) OFFERING MEMORANDUM . 241 3rd St SCOTTS MILLS, OR 97375 05 07 09 Financial Overview Tenant Overview Area Overview 3 INVESTMENT HIGHLIGHTS LOCATION HIGHLIGHTS • Property is positioned in an affluent local market with average House Hold income of over $94K in the 1, 3, and 5-mile radius. • Mission Critical Location that has remained in operation throughout the coronavirus pandemic. • Strategically positioned site with large service area and limited local competition. Next closest USPS is approximately seven miles away. • The local area is projecting strong population and House Hold development growth within the 1, 3, and 5-mile radius of the site over the next 5 years. • Single-tenant property leased to the U.S. Federal Government, which is rated Aaa by Moody’s Investor Services. 4 OFFERING OVERVIEW UNITED STATES POST OFFICE 251 3rd St, Scotts Mills, OR 97375 LIST PRICE CAP RATE GLA LOT SIZE YEAR BUILT $605,000 7.00% ± 2,603 SF 0.5 AC 1997 ANNUALIZED OPERATING DATA Annual NOI Monthly NOI NOI PSF CAP Current - 9/18/2027 $42,231.48 $3,519.29 $16.22 7.00% LEASE SUMMARY Tenant USPS Type of Ownership Fee Simple Lease Guarantor United States Postal Service Lease Type Gross FOR A CUSTOM LOAN QUOTE PLEASE REACH OUT TO Roof and Structure Landlord HUGH SEIFERT OF BARRINGTON CAPITAL Lease Expiration Date 9/18/2027 Capital Markets Direct 949.873.0271 | Mobile 619.818.4430 Term Remaining ±6 Years [email protected] Lic.
    [Show full text]