Sisters Forest Service Property Offering 66.57 Acres

Home , Central Oregon, Suttle Lake (Oregon)

Sisters Forest Service Property Offering 66.57 Acres | $8,000,000 Memorandum

Robert Raimondi, CCIM | Graham Dent, Broker 600 SW Columbia St., Ste. 6100 | Bend, OR 97702 541.383.2444 | www.compasscommercial.com Table of Contents

Page Property Overview Location Overview 03 11 Sisters Demographics Regional Map Property Offering 04 Offering Details Parcel Breakdown Regional Overview Building Inventory 14 Sisters, Oregon Profile Central Oregon Profile

Zoning Overview 07 Current Zoning Map Notices Zoning Change Options 16

2 Property Sisters Forest Service Property Overview A 66.57-acre land parcel fronting Highway 20 in Downtown Sisters, Oregon.

Compass Commercial is proud to present an THE SUBJECT PROPERTY extremely rare development opportunity in downtown Sisters, Oregon. This 66.57-acre parcel This parcel is currently used for administrative and employee has over 2,000 feet of Highway 20 frontage and is residential purposes for the operations of the Sisters the connector between downtown Sisters to the Ranger District of the Deschutes National Forest. The city’s east and the commercial strip to the west. comprehensive plan for this area was revised in 2012 to include a number of options as to how this site could be developed. These revisions allow for a variety of approved zones including SISTERS, OREGON commercial, residential and industrial.

Sisters is a city in Deschutes County, Oregon, 136 miles southeast This is a rare opportunity to shape the look, feel and personality of Portland and just 20 miles west of both Bend and Redmond. of a community for generations to come. The population was 1,196 at the 2000 census, but nearly doubled to 2,038 as of the 2010 census. Sisters is the 4th fastest growing city in Oregon and the gateway between Central Oregon and the large metro areas along Interstate 5. With 4.5 million cars passing through this town annually, the western-themed Sisters downtown draws a high amount of tourism with its unique shops, galleries and restaurants. Sisters is home to several nationally renowned events which attract a large amount of people to this small city: Sisters Rodeo, Sisters Outdoor Quilt Show, 4 Peaks Music Festival and the Sisters Folk Festival.

The city and surrounding country is full of natural beauty with uninhibited Cascade Mountain views and nearby to great attractions such as Suttle Lake, Black Butte, Hoodoo Ski Area and the panoramic Pacific Crest Trail. With an expanding and well- organized forest trail system, there is ready access to a diverse array of outdoor recreation activities including hiking, biking, skiing, fishing, and equestrian.

3 Property Offering Attachment 3 Offering Details Vicinity Map Sisters Administrative Site Name: Sisters Forest Service Land Deschutes National Forest Land Size: 66.57 acres

No. of Bldgs.: 20

Bldg. Gross SF: 35,626 rive D ay Along Hwy 20 in downtown Sisters, arcl Location: . B approximately 18 miles NW of Bend. W U The site straddles Hwy 20 through S 2 downtown, is bound by Pine Street to 0 t the east and partially bound by Barclay S e a e

n r

t Drive to the North. ti a S m e H n

i County: Deschutes w

P y .

Current Public Facility (PF) N T.15S., Zoning: Open Space (OS) R.10E., 33 Urban Area Reserve (UAR)

Future The City of Sisters has approved and Zoning: adopted a Development Plan for this area within their larger City of Sisters Comprehensive Plan. Future zoning includes a mixture of Commercial, Residential and Industrial (see pages 8-10 for more information). W. Cascade Ave. Inside City Limits: Yes OR 242 McKenzie Hwy

Elevation: 3,182 ft. Legal: T15S,R10E, W.M. Deschutes County, OR Sec. 5, Govt. Lots 6, 7 and a portion of the NE1/4SE1/4.

Utilities: Fully serviced Legend Scale: 1:5,000 ± 0 0.03 0.06 0.12 0.18 0.24 Terms: Cash Sisters Sale Parcel Miles Deschutes National Forest This GIS product maybe modified by the Forest Service at any time in accordance with applicable rules and regulations. Price: $8,000,000 USDA is an equal opportunity provider. JS 5/3/2016

4 Property Parcel Breakdown Offering

GROSS ROW NET PARCEL LOCATION ACRES ACRES ACRES Parcel 1 Triangle East Portal 14.61 7.05 7.56

Main Admin Site between Hwy 20 Parcel 2 47.06 5.24 41.82 and W. Barclay Drive

North of W. Barclay Drive Parcel 3 4.90* 0.90* 4.00* (east portion of Parcel 3)

SALE ACRES 66.57 13.19 53.38 North of W. Barclay Drive Parcel 4 (west portion of Parcel 3, to be 13.21* 0.42* 12.79* retained by the forest service) TOTAL ACRES 79.78 13.61 66.17 *Note: Parcel 3 and 4 have not been rezoned, partitioned and surveyed yet, so acres are approximate.

5 Property Offering Building Inventory Building Inventory Parcel 1 - Triangle Parcel 2 - Admin

BUILD. BUILD.NAME BUILD. GROSS YEAR BUILD. BUILD.NAME BUILD. GROSS YEAR ID TYPE SF CONST. ID TYPE SF CONST. EP1 Public Service 604 1998 1011 Residence Housing 1,344 1961 Restroom 1023 Residence Housing 2,254 1957 EPK1 East Portal Kiosk Service 490 1998 1025 Residence Housing 1,002 1958 TOTAL SQ FT 1,094 1037 Residence Housing 1,751 1962 Note: The parcel is primarily flat, with no streams, and 1038 Residence Housing 1,397 1962 timbered with ponderosa pine. Approximately 29 acres of the 1041 Residence Housing 1,323 1963 sale parcel is not developed with buildings and is timbered 1324 Bunkhouse Housing 1,056 1960 with large ponderosa pine. 1326 Bunkhouse Housing 1,056 1960 2002 Main office Office 7,410 1962-1990 2007 Fire Office Office 3,000 1957, 1990’s 2220 Warehouse/ Storage 2,112 1950/1973 shop 2223 Tree Cooler Storage 3,500 1979 2236 Engine Garage Storage 2,000 2001 2303 Storage Storage 96 1964 2306 Saw Storage Storage 96 1968 2338 Fire warehouse Storage 4,800 1964 2603 Evidence Locker Storage 117 1964 2624 Paint Storage Storage 218 2001 TOTAL SQ FT 34,532

6 Zoning Current Zoning Map Overview

L L Y RD A Y E D CROOK HO D ED ES S H RS A O WAGON WHEEL I I L G A

TAPIDERO T O Y D L S K A C W R Y IA U O T S L A L E L E

City of Sisters Zoning Map Y BIG VIEW DR VIEW BIG

MARTINGALE [ 1" = 1500’ PILOT DR

PINEST

TRA PPER POIN D T R LN WK HA TY KIT

HWY 20 A BARCLAY DR

B A R MCKIN

SUBJECT SRR C

R Y

N MFR C E RANCH D T Y UN R S R E A W LUNDGREN MILL DR N 2058 100 C FS H R NSBP D

W WILLIAMSON AVE A

Y TC W LAMBERT AVE T I E BAR N CL I W RAIL WAY AY DR OS R UAR T W BARCLAY DR PF N MFR R W HILL AVE HC D LI K 8 080 R N N FREEMONT ST 5 A 0 P W CARSON AVE T 2 N AM S POLKRDCAMP HWY 242 W HWY 20 R R S TE IM F W SIS W MCKINNEY BUTTE RD E PARK PL N LARCHST D R N PINE ST E BLACK BUTTE AVE P PF O E BLACK BUTTE AVE O MFR L E ASPENWOOD AVE L FS 15 R T P

E S E L

D NMAPLE LN O E HORSE BACK TRL P

0 O HEE O 03 N N BROOKS RDCAMP 8 W H R N 05 LN LOCUST N S 2 S W ADAMS AVE E ADAMS AVE N

F T

N FIR N ST FIR UAR S E RANCH AVE GTON RD Y IN NROPE ST

N MAPLE ST MAPLE N T

O N N LOCUST ST N

N TAMARACK ST TAMARACK N U W MAIN AVE B H E MAIN AVE IT OS W R E O R P

MFR C

W MCKENZIE HWY N CEDARST

N W CASCADE AVE DC N SPRUCE ST E CASCADE AVE

N COTTAGELN

S OS R

D D W HOOD AVE

O E HOOD AVE E TIMBER PINE DR K

O E

E W PF R FS 1505 N S S LARCHST C O W WASHINGTON AVE S SPRUCE ST Legend T R

T E

O B

C TI M S S CEDARST S E CT S ID T S Sisters City Limit JEFFERSON AVE PF E K S W MFRE JEFFERSON AV E E CRE

S S FIR ST

S S CREEKSIDE DR

Sisters Urban Growth Boundary D

A W ST HELENS AVE

E E ST HELENS AVE Sisters Zoning M E HWY 20 HWY 126

N S LOCUST S ST OS D I

R P

A - Airport N S O E TYEE DR T G E R-PMV R S D N E I SP DC - Downtown CommercialG B E

S PINE ST PINE S P R U D FP O A O D R

C E L MFR O O K T T R HC - Highway Commercial W HOPE AVE A A L

S S OAK ST P R S ASHST S A S S ELMST W O E E CO O R YO T TC - Tourist Commercial T E S R PRINGS RD L HC FP - Flood Plain OS - Open Space HWY 20

PF - PublicFS 1505 Facility 100 LI - Light Industrial PF NSBP - North Sisters Business Park UAR10 MFR - Multi-Family Residential R - Residential SRR - Sun Ranch Residential R-PMV - Pine Meadow Village Residential PF

UAR - Urban Area Reserve THREECREEKS RD

WILDWING RD UAR10 - Urban Area Reserve 10 Acre Minimum BROOKS SCANLON LOGGING RD August 08, 2016 7 Zoning Option A Zoning Change Overview

8 Zoning Option B Zoning Change Overview

9 Zoning Option C Zoning Change Overview

10 Location Location Overview Overview

Well Positioned Location Every year, over 4.5 million cars pass through Sisters, Oregon. This city acts as a funnel for passage from Central Oregon (Bend, Redmond, Prineville, Madras and Sunriver) to the main metro cities of Portland, Corvallis and Eugene as well as the Oregon Coast. With over 2,000 feet of highway frontage, the Forest Service land is ideal for new development with high visibility.

REPLACE

11 Location Overview

Site Map

Sisters City, OR Prepared by Esri Sisters City, OR (4167950) Sisters Demographics Geography: Place

2000 POPULATION: 1,196 2010 POPULATION: 2,038 SUBJECT 2016 POPULATION: 2,509 2016 DAYTIME POPULATION: 3,150 CITY OF SISTERS 2021 POPULATION: 2,889 GROWTH 2000-2010: 5.47%

POPULATION GROWTH 2010-2016: 3.38% GROWTH 2016-2021: 2.86% 2016 MEDIAN AGE: 44.8 2016 HOUSEHOLDS (HH): 1,390 2016 OWNER OCCUPIED: 561 2016 RENTER OCCUPIED: 483 2016 VACANT HOUSING: 345 HOUSING MEDIAN HOME VALUE: $339,063 2016 MED HH INCOME: $50,439 2016 AVG HH INCOME: $63,587

INCOME 2016 EST PER CAPITA INCOME: $26,937 2016 POP. AGE 18+: 1,948 BACHELOR’S DEGREE: 22.11% GRADUATE DEGREE: 16.00% LABOR FORCE: 1,067 EDUCATION TOTAL BUSINESSES: 374

January 23, 2017

97 Spokane Seattle W a s h i n g t o n ,-90 Olympia

,-5 Yakima ,-82 Pasco 97

Portland ,-84

,-84 97 Salem 26 Albany

Prineville 26 Eugene  Redmond ,-84 Bend Boise Burns 20 ,-5

97 O r e g o n Medford REPLACE Klamath Falls

97 N e v a d a 26 97 22 Warm ,-5 Springs 22 Redding Madras 26

26 126 20 20 Terrebonne 126 242 Sisters 126 Prineville  Redmond Metro Area Populations (2015) Distance From Sisters (Miles) 126 Bend BEND/REDMOND: 175,268 BEND/REDMOND: 22/20 ,-80 Sunriver Sacramento EUGENE: 362,895 EUGENE: 106 La Pine 20 80 ,- 97 PORTLAND: 2,314,554 PORTLAND: 154 ,-5

ALBANY/CORVALLIS: 208,119 ALBANY/CORVALLIS: 103/106 San Francisco

United States Census Bureau 2000 TIGER/Line Files 13 Regional Sisters, Oregon Profile Overview

Sisters, Oregon is located on the east side of the Cascade Mountains in vistas, clean air and star filled Central Oregon, 136 miles southeast of Portland. Sisters is just 20 miles nights. Choose from rustic cabins, west of both Bend and Redmond accessible via highways 20 and 126. simple campgrounds or rub shoulders More than 4.5 million cars pass through Sisters annually. with world class resorts, all within minutes of downtown Sisters, Oregon. The town of Sisters takes its name from the iconic Three Sisters SOURCES: http://www.edcoinfo.com/communities/sisters/ Mountains that dominate its western skyline. Each of the three http://www.sisterscountry.com/ volcanic peaks — North Sister, Middle Sister and South Sister (Faith, Hope and Charity are their respective Native American names) — exceed 10,000 feet.

Sisters is a modern, western community that honors its heritage known for its village setting and western themed downtown with unique shops, galleries and restaurants. Experience world-renowned events such as The Sisters Outdoor Quilt Show, The Sisters Rodeo and The Sisters Folk Festival – all of which attract growing audiences of new visitors each year.

The charming town of Sisters is just next door to great attractions such as Camp Sherman, Suttle Lake, Black Butte, Hoodoo Ski Area and the panoramic Pacific Crest Trail. On the edge of town, the Deschutes National Forest offers a 1.6 million-acre playground laced with miles and miles of trails, rivers, lakes, wilderness areas, scenic drives and Sisters Rodeo

Three Sisters 14 Regional Central Oregon Profile Overview

The cities and communities that comprise Central Oregon are Bend, Redmond, Sisters, Sunriver, Prineville, La Pine, Madras and Warm Springs.

Central Oregon has led the state’s population growth over the last two decades; in fact, Deschutes County continues to be one of the fastest growing areas of the country. A lesser known fact is that our region has also topped the state in job growth over the past ten years, creating a region that’s characterized by dynamic Sisters Downtown small businesses and entrepreneurial activity. The region boasts strong clusters in high technology (software, hardware and energy), advanced manufacturing, biosciences, renewable energy, brewing & distilling, value-added food products, and recreation equipment.

For most new residents, Central Oregon is a lifestyle choice, offering a friendly environment, year-round recreation options, and world class amenities — all with a hassle-free, small town feel. From a ranch in Prineville to an upscale urban condo in Bend, the region presents a rare diversity of places to live.

The region is served by Roberts Field, a commercial airport offering service at Redmond Municipal Airport (RDM, www.flyrdm.com) provided by American Airlines, Alaska Airlines, Delta and United. Bend Downtown and Mt. Bachelor These carriers offer approximately 30 arriving and departing flights daily to and from San Francisco, Portland, Seattle, Los Angeles, Salt Lake City, Phoenix and Denver.

Six major public school districts serve over 32,000 students; there are also 30 private schools in the region. The region is also home to Central Oregon Community College (COCC) and Oregon State University – Cascades, a four-year university by 2015.

SOURCE: http://www.edcoinfo.com/communities/

Redmond Airport 15 Notices

DISCLAIMER: The information contained herein has been given to us by the owners of the property or obtained from sources that we deem reliable or are based on assumptions that are considered reasonable and accurate. Although the broker has used reasonable care in obtaining data and making estimates and the projections based upon this data, this material is submitted without representation or warranty.

This brochure has been prepared solely for informational purposes to assist a potential purchaser in determining if there is a desire to proceed with an in-depth investigation of the property. Neither the Sellers nor representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information set forth in this Offering Package or any aspect of the property of improvements herein. Interested parties are expected to review, independently, all documents and other matters relating to the property and improvements in order to verify the accuracy and completeness of the information contained herein.

EXCLUSIVE: The property represented herein is exclusively listed for sale by Compass Commercial Real Estate Services. All negotiations for the purchase shall be conducted through Compass Commercial Real Estate Services.

Please do not disturb the owners.

Questions concerning this offering should be directed to:

www.compasscommercial.com 541.383.2444

GRAHAM DENT, BROKER | [email protected] ROBERT RAIMONDI, CCIM | [email protected] Brokers are licensed in the state of Oregon