FOR SALE VETERINARY OR DENTAL OFFICE 6323 SE King Road, Portland, OR 97222 www.svnimbrie.com
PROPERTY HIGHLIGHTS JR Weiss | Senior Advisor • Fully-Equipped, Turn Key Veterinary Clinic [email protected] • Excellent Location with High Barrier to Entry O: 503.208.9408 | M: 503.780.8964 • Suitable for Dental Office (Med-Gas Ready)
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
VETERINARY OR DENTAL OFFICE Portland, Oregon
PROPERTY INFORMATION
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
PROPERTY OVERVIEW | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Property Description JR Weiss and SVN-Imbrie Realty, LLC are pleased to present to market this full- service, turn-key veterinary clinic. The offering includes examination rooms, fully-equipped surgical rooms including materials and supplies, and fully- furnished office space and lobby areas, The current owner is a well-respected local veterinary dermatologist, and the location has been operated as a veterinary clinic continuously since 2002. Prior to 2002, the building operated as a fully operational dental office for 7 years.
This property is situated on a well-landscaped corner lot, the 11,675 SF parcel holds an approximately 2,400 SF building, along with ample off-street parking. The building was constructed in 1995 originally as a dental practice, and was converted to a veterinary clinic in 2002. It is suitable for conversion Commute to Downtown Milwaukie, Oregon back to a dental practice as all the required electrical, water and sewer infrastructure remains in place.
9 Mins 14 Mins 16 Mins The property has been impeccably maintained. Service contracts can be assigned to minimize disruption to a new owner. The current owner has operated an animal dermatology veterinary referral center in this location for Investment Overview over 15 years. SALE PRICE $895,000 The neighborhood contains a diverse mix of retail, office and residential CAP RATE 5.91% properties. This property fits well within the area. Due to the area having been fully developed decades ago, there are significant barriers to entry for an LOT SIZE 0.27 Acres additional veterinary clinic or dental practice within close proximity. Traffic BUILDING SIZE 2,400 SF counts directly in front of this property are 12,635/day.
YEAR BUILT 1995 This offering is for sale as a turn-key practice for a new veterinary owner/ ZONING Commercial C-2 operator, or as a dental practice conversion. It is also offered as an investment asset through a potential sale lease-back with the current situation. Parcel ID 01345672 SUB MARKET Clackamas
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
PARCEL MAP | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
AERIAL | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Exterior Features
• Concrete Tile Roof
• Mature Landscaping
• Large Parking Lot with Handicap Access
• Fenced Outdoor Area
• Well Lit Exterior
6323 SE King Road
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ADDITIONAL PHOTOS | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Interior Features • 4 large examination rooms - each with hands free sinks, built-in examination tables, and cabinets • Kennel room with 7 cages and ventilation
• Pharmacy with storage and sink
• Kitchen and break room with built-In Lockers
• Two reception work areas
• Oxygen and nitrogen outlets
• “Med-Gas” Ready for Dental Facility
• Suction Lines connected to central suction pump
• Vaulted ceiling and skylights
• Wired for sound and alarm system with motion detectors
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ADDITIONAL PHOTOS | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ADDITIONAL PHOTOS | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ADDITIONAL PHOTOS | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ADDITIONAL PHOTOS | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
SURROUNDING BUSINESSES | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
VETERINARY OR DENTAL OFFICE Portland, Oregon
DEMOGRAPHICS
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
DEMOGRAPHICS | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Demographics Data 1 mile 3 miles 5 miles Total households 6,598 53.601 141,476 Total population 16,714 134,358 345,265 Persons per household 2.5 2.5 2.4 Average household income $53,465 $61,590 $63,710 Average house value $243,006 $299,484 $327,754 Average age 35.5 36.4 37.2 Average age male 35.5 35.9 36.6 Average age female 36.0 37.0 37.9
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ABOUT CITY OF PORTLAND | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Portland, Oregon’s largest city, is near the confluence of the Willamette and Columbia Rivers. The Portland-Vancouver MSA consists of four counties: Multnomah, Washington, Clackamas, and Clark County, Washington —On clear days, Mt. Hood towers over Portland, with its striking snow-capped peak. That breathtaking view is one aspect of what makes the area so unique. It’s a stunning place that brings together the rugged natural beauty of the Cascades with metropolitan culture and class.
#1 #2 $406,200 2,389,228
Moving Destination Nationally in Annual Median Home Value Population Rent Growth
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
CLACKAMAS (SUBMARKET) | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Clackamas County is a county in the U.S. state of Oregon. As of the 2010 census, the population was 375,992, making it Oregon's third-most populous county. Its county seat is Oregon City. The county was named after the Native Americans living in the area, the Clackamas Indians, who were part of the Chinookan people.
Clackamas County is part of the Portland-Vancouver-Hillsboro, OR-WA Metropolitan Statistical Area. It is in the Willamette Valley.
As of the 2010 United States Census, there were 145,790 households, and 100,866 families residing in the county. The population density was 201.0 inhabitants per square mile. There were 156,945 housing units at an average density of 83.9 per square mile. The median income for a household in the county was $62,007 and the median income for a family was $74,905. Males had a median income of $53,488 versus $39,796 for females. The per capita income for the county was $31,785. About 6.1% of families and 9.0% of the population were below the poverty line, including 11.2% of those under age 18 and 6.2% of those age 65 or over.
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
ABOUT PORTLAND INTERNATIONAL AIRPORT | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
Portland International Airport, 18,352,767 (PDX) s a joint civil-military airport and the largest airport in the U.S. state of Oregon, accounting for 90 percent of passenger travel and more than 95 percent of air cargo of the state. It is located Annual Passenger within Portland's city limits just south of the Columbia Traffic (2016) River in Multnomah County, 6 miles by air and 12 miles by highway northeast of Downtown Portland.
Portland International Airport has direct connections to some major airport hubs throughout the United States, and non-stop international flights to Canada, Germany, Iceland, Japan, Mexico, the Netherlands and the United Kingdom. The airport is a secondary hub for Alaska Airlines and Horizon Air. The airport also serves as a maintenance facility for Horizon Air.
The airport is served by the MAX Red Line light rail, which takes passengers between PDX and Downtown Portland, as well as farther west to Beaverton, Oregon.
In 2016, Travel + Leisure magazine named PDX as the best US airport, based on its on-time record, dining, shopping, and mass transportation into the main parts of the city.
14,534 #1 39 8.18%
Annual Commercial Ranked Airport by Daily Commercial Passenger Traffic Flights Travel + Leisure Flights increase from 2015 to 2016
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
TRIMET | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
60 TriMet, the Portland metro’s public transit agency. The Portland metro area is well served by an outstanding public transit system that is centered around light rail lines and buses. Light Rail Miles The downtown core is served by the Portland Streetcar. he 3.9-mile (6.3 km) NS Line runs from Northwest Portland to the South Waterfront via Downtown and the Pearl District. The Loop Service, which opened in September 2012 as the Central Loop (CL Line), runs from Downtown to the Oregon Museum of Science and Industry via the Pearl District, the Broadway Bridge across Willamette River, the Lloyd District, and the Central Eastside Industrial District and added 3.3 miles (5.3 km) of route. In September 2015 the line was re branded as the Loop Service, with the A Loop traveling clockwise, and the B Loop traveling counter clockwise. The two-route system serves some 20,000 daily riders. The MAX system are the light rail lines which currently consists of five lines, each line is designated by an unique color. The system currently stretches 60 miles with a total of 97 stations with an average 116,800 riders per day. The Portland Aerial Tram is a public and operated as part of Portland’s public transportation network. It is a unique aerial tramway that connects the City of Portland’s South Waterfront district to the main Oregon Health & Science University campus.
78 14.7 100+ Million 17
Bus Routes Commuter Rails Annual Ridership Transit Centers Miles Trips
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
DISCLAIMER | VETERINARY OR DENTAL OFFICE| OFFICE| PORTLAND, OREGON
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 SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. 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. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400
JR Weiss | Senior Advisor [email protected] O: 503.208.9408 | M: 503.539.9641 www.svnimbrie.com
Lincoln Tower 10260 SW Greenburg Road, Suite 530 Portland, OR 97223 ph: 503.208.9400
All SVN® Offices Independently Owned and Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.