Admiralty Pointe O: 503.208.9399 | M: 503.806.0507
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PROPERTY HIGHLIGHTS New Construction Well Located in Assisted Living Fee Simple Offering Owner Users to Provide FF&E Near Other New Development Excellent Financing Available Scheduled Completion in May 2017 Close Proximity to Hospitals/Healthcare FOR SALE Carson Halley | Senior Advisor [email protected] O: 503.208.9399 | M: 503.806.0507 ADMIRALTY POINTE 97233 Hugh Holtman | Senior Advisor 1241 NE 6th Street, Gresham, Oregon [email protected] O: 503208.9393 | M: 503.799.0447 Co-Listed with René Nelson, CCIM [email protected] M: 541.912.6583 All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 GRESHAM, OREGON (SUBMARKET) ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON Gresham is a city located in Multnomah County, 109,892 Oregon, United States, immediately east of Portland. According to the United States Census Bureau, the city has a total area of 23.43 square miles, of which, 23.20 square City Population miles is land and 0.23 square miles water. The total area includes parts of Fairview Creek and Johnson Creek. The city's early economy was sustained largely by farming, and by the mid-20th century, experienced a population boom, growing from four-thousand residents to over ten- thousand between 1960 and 1970. The population was $299,400 105,594 at the 2010 census, making Gresham the fourth largest city in Oregon. Median Home Value +21.8% Population Change since 2000 All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 TRIMET ADMIRALTY POINTE | 45 UNITS | GRESHAM, 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. The 3.9-mile 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 All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 PORTLAND INTERNATION AIRPORT (PDX) ADMIRALTY POINTE | 45 UNITS | GRESHAM, 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 within Portland's Annual Passenger city limits just south of the Columbia River in Multnomah County, 6 Traffic (2016) 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. 16,760 #1 45 8.18% Annual Commercial Ranked Airport by Daily Commercial Passenger Traffic Flights Travel + Leisure Flights increase from 2015- 2016 All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON ADMIRALTY POINTE 1241 NE 6th Street, Gresham, Oregon PROPERTY INFORMATION All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 PROPERTY DETAILS ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON This is an opportunity to acquire a 45 unit assisted living complex that is currently under construction and slated for completion in March of 2017. The project is licensed for 71 beds, with 35 units for assisted living, 6 private memory care units, and 4 shared memory care units. The project can either be acquired during construction, or with a certificate of occupancy in place. This is a fee simple offering for sale. Gresham has a need for additional assisted living as its population is aging and needs additional care facilities. Skilled nursing and especially memory care units are in short supply. The property is well positioned for successful operations as many family members of the residents will have easy access to the property. The Max Light Rail provides transportation for workers and family members of tenants, without the burden of parking. Additionally, the property is served by a variety of retail stores, from restaurants, to grocery stores, to large shopping centers. PROPERTY DETAILS Sale Price: $6,400,000 Market: Portland Number of Units: 45 (71 Beds) Submarket: Gresham Lot Size: 0.59 Acres Cross Streets: NE 6th Street & NE Liberty Ave Building Size: 28,549 SF Foundation: Cement Slab Year Built: 2017 Roof: TPO Membrane DTM Brick, Cedar, Hardi Board, Cement Zoning: Siding (Downtown Transit Midrise) Siding APN: R339365 Fire Safety: Sprinkler Systems Type of Fee Simple HVAC: PTAC Units & Cadet Heaters Ownership: Parking Spaces: 14 Lot Shape Rectangular All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 FACILITY AMENTITIES ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 PARCEL MAP ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 OVERALL PROPERTY BLUEPRINT ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 BUILDING CODE SUMMARY ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 OCCUPANT LOADS ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 PROPERTY BLUEPRINT (FIRST FLOOR) ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness. 503.208.9400 PROPERTY BLUEPRINT (SECOND FLOOR) ADMIRALTY POINTE | 45 UNITS | GRESHAM, OREGON All SVN® Offices Independently Owned and Operated www.svnimbrie.com The information listed above has been obtained from sources we believe to be reliable, however, we accept no 1 Lincoln Center - 10300 SW Greenburg Road, Suite 487, Portland, OR 97223 responsibility for its correctness.