14-Unit Divsion Street Trophy Asset April 2021 Contacts Investment Advisors OFFER SUBMISSION Sam Lawhead t 503-575-9550 Offers should be presented in the m 503-707-1971 form of a non-binding Letter of
[email protected] Intent, spelling out the significant terms and conditions of purchaser’s Robert Black offer, including, but not limited to (1) t 503-575-9549 asset pricing, (2) due diligence and m 503-314-7273 closing time frame, (3) earnest money
[email protected] deposit, (4) a description of the debt/ equity structure, and (5) qualifications Lydia Thompson to close. Offers should be delivered t 971-266-4946 m 503-866-4269 to the attention of Sam Lawhead at
[email protected] the email address listed above. 2 CONFIDENTIAL OFFERING MEMORANDUM EXECUTIVE SUMMARY 4 PROPERTY PROFILE 8 MARKET OVERVIEW 14 FINANCIAL ANALYSIS 28 MARKET COMPARABLES 32 APPENDIX 40 NEWMARK 3 EXECUTIVE SUMMARY 4 CONFIDENTIAL OFFERING MEMORANDUM The Franklin Flats ADDRESS: 5166 SE Division Street, Portland, OR 97206 PRICE: $4,750,000 ASSESSOR PARCEL NUMBER: R241343 YEAR BUILT: 2018 NUMBER OF UNITS: 14 PARKING: 7 stalls / 0.5 Ratio AVERAGE UNIT SIZE: 693 SF LOT SIZE: 9,900 SF / 0.23 AC NRA: 9,708 SF AVERAGE MARKET RENT: $1,689 per month / $2.44 per SF AVERAGE IN-PLACE RENT: $1,679 per month / $2.42 per SF NEWMARK 5 NORTHWEST DISTRICT OHSU 18K+ Employees 15K+ Employees CBD SOUTH WATERFRONT 75K+ Employees 26K+ Employees LLOYD DISTRICT 25K+ Employees CENTRAL EASTSIDE 18.5K+ Employees HAWTHORNE RETAIL & DINING DISTRICT SE Hawthorne St Clinton Street Protected Bikeway DIVISION RETAIL & DINING DISTRICT Green Zebra Boutique Grocery Store 50th Ave SE Division St Division St Franklin High School Recently Completed $113M Streetcar Line Renovation Bus Line Max Line Bike Path 6 CONFIDENTIAL OFFERING MEMORANDUM CLINTON CITY PARK Investment Highlights • Amenity-Rich Location on Highly Coveted Southeast Division Street with Numerous Food Carts, Restaurants, Coffee Shops, and Bars LAURELHURST PARK • Walk Score 88 / Bike Score 99 SE Hawthorne St • Half a mile from Mt.