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Portland Cordage Company Building Opportunity 1313 Nw Marshall Street, Portland, Oregon 97209

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Portland Cordage Company Building Opportunity 1313 Nw Marshall Street, Portland, Oregon 97209 GROUND LEASE PORTLAND CORDAGE COMPANY BUILDING OPPORTUNITY 1313 NW MARSHALL STREET, PORTLAND, OREGON 97209 MELVIN MARK TABLE OF CONTENTS The Offering.......................................................... 1 Property Overview.................................................. 4 Floor Plans............................................................. 5 - 6 Portland Overview.................................................. 7 - 11 Accessibility........................................................... 11 - 18 Market Overview.................................................... 19 - 26 For lease information please contact: Apex Real Estate Partners Nathan Sasaki Madison Marlton 412 NW Couch St, Ste 201 / Portland, OR 97209 Executive Director Associate Broker p. 503.595.2840 / www.apexcre.com APEXREALESTATE 503.595.2843 503.595.2836 Minority Business Enterprise #10272 PARTNERS [email protected] [email protected] Melvin Mark Capital Group John Petersen, President 111 SW Columbia St, Ste 1380 / Portland, OR 97201 503.223.9203 p. 503.223.4777 / www.melvinmarkcompanies.com MELVIN MARK [email protected] THE PORTLAND CORDAGE COMPANY BUILDING SUMMARY 1313 NW Marshall Street in Portland, Oregon NW OVERTON STREET was built in 1887 and was originally a warehouse for a rope factory. The site is known locally as the Portland Cordage Company Building "Cordage Building". The Cordage Building is PORTLAND CORDAGE approximately 68,000 SF and a collection of COMPANY BUILDING several unreinforced masonry buildings that fill the block. In 1993, the building was added to the National Register of Historic Places, noting the architectural style of the building as Victorian Italianate and Industrial Italianate. The Cordage Building was the former home of Bridgeport Brewing Company, which operated at this location from 1984 until February 2019. The southeast corner of the Cordage Building was renovated in 2004 as part of Bridgeport Brewing Company expansion. NW LOVEJOY STREET NW 14 TH AVENUE LEASE TERMS Please contact broker for ground lease guidance 1 THE CORDAGE BUILDING OVERVIEW PROPERTY OVERVIEW CORDAGE BUILDING BUILDING PROPERTY: 1313 NW Marshall Street, Portland, OR 97209 PROPERTY TYPE: Industrial / Office / Retail TOTAL BUILDING SIZE: Total ± 68,000 SF YEAR BUILT: 1887 LOT SIZE: ± 40,000 SF / ± 0.92 AC OCCUPIED: Partial, all tenants are month-to-month HISTORIC RESOURCE CLASSIFICATION: Individual National Registry Resource TYPE: Historic Landmark INVENTORY RANK: II HISTORIC NAME: Portland Cordage Company Building STYLE: Late Victorian / Italianate (Industrial) LOCATION SUBMARKET: Pearl District HEIGHT: 100’ (390’ with bonus) FAR: 5:1 ZONING: EX(d) - Central Employment with Design Overlay COMP PLAN: EX - Central Employment URBAN RENEWAL AREA: River District PLAN DISTRICT: CC - Central City Plan District 3 PROPERTY OVERVIEW CORDAGE BUILDING NW MARSHALL STREET NW 14 TH AVENUE NW 13 TH AVENUE NW NORTHRUP STREET 4 FLOOR PLAN CORDAGE BUILDING FLOOR PLANS BASEMENT FLOOR PLAN FIRST FLOOR PLAN Grout Company Office and Storage Portland Closet Company LOWER LEVEL FIRST LEVEL NW NORTHRUP STREET FLOOR SUMMARY FLOOR SUMMARY GROSS FLOOR AREA 2,856 SF GROSS FLOOR AREA 31,715 SF VERTICAL PENETRATIONS 0 SF VERTICAL PENETRATIONS 156 SF PORTLAND CLOSET COMPANY GROUT PORTLAND COMPANY CLOSET COMPANY NW 14TH AVENUE BUILDING OUTLINE NW 13TH AVENUE LOADING DOCK NW MARSHALL STREET Scale:1:30 Scale:1:30 0’ 15’ 30’ 60’ 120’ 0’ 15’ 30’ 60’ 120’ N 219291 | Bridgeport Leasing Plans 219291 | Bridgeport Leasing Plans 09.09.2019 09.09.2019 5 FLOOR PLAN CORDAGE BUILDING FLOOR PLANS SECOND FLOOR PLAN THIRD FLOOR PLAN Portland Closet Company / Knopf Brothers Construction L03 Offices / Studios SECOND LEVEL THIRD LEVEL FLOOR SUMMARY FLOOR SUMMARY GROSS FLOOR AREA 18,347 SF GROSS FLOOR AREA 15,062 SF OFFICE STORAGE ROOFVERTICAL PENETRATIONSL03 2,690 SF VERTICAL PENETRATIONS 257 SF OFFICE PORTLAND CLOSET COMPANY BUILDING OUTLINE BUILDING OUTLINE STORAGE CAGES STORAGE CAGES OPEN TO L03 BELOW STUDIO OFFICE STORAGE KNOPF CAGES OPEN TO BELOW OPEN TO KNOPF BELOW OPEN TO OPEN TO STUDIO ROOF BELOW BELOW PHOTO STUDIO Scale:1:30 Scale:1:30 0’ 15’ 30’ 60’ 120’ 0’ 15’ 30’ 60’ 120’ N 219291 | Bridgeport Leasing Plans 219291 | Bridgeport Leasing Plans 09.09.2019 09.09.2019 6 OVERVIEW PORTLAND PORTLAND OVERVIEW PDX Portland is the City of Roses, craft beer, cider, distilleries, locally- grown produce, non-GMO, organic and hand-made goods. We cherish our natural surroundings, with forests, rivers, beaches, and mountains all within an hour’s drive. We bring our dogs to work, bike everywhere, run Hood to Coast and pride ourselves on our public transportation system. We work on reducing our carbon footprint and encourage sustainability. Portland closes down streets for art, embraces our waterfront for festivities to celebrate our culture, holds concerts and movies in the park, and uses the zoo as a music and picnic venue. We are a city of foodies. There are dozens of Farmer’s Markets, hundreds of food carts, and the best microbrews and Pinot Noirs in the country. We have the largest independent book store in the world, Powell’s Books, a destination stop for tourists around the world. Portland is home to the Trailblazers, Timbers, Thorns, Winterhawks, Hops and Pickles. We have the loudest and most devoted fans in the country. Our motto “Keep Portland Weird” means holding on to our independent identity through constant growth and change, and being proud of the unique, diverse, sustainable communities we create. 8 PORTLAND OVERVIEW PDX IS NO. 1 WHY PORTLAND? Portland is thriving: we are ranked 19th on the list of US metro areas with the greatest numbers of new residents, according to OregonMetro.gov. Population has grown over 20% in the past 10 years and is projected to continue that upward trajectory to reach well over 3,000,000 residents in 20 years. VOTED » No. 1 "Most Innovative State" - Bloomberg » No.1 "Best Food City" - The Washington Post PORTLAND » No. 1 “America’s Best Cities for Summer Travel” – Travel + Leisure » No. 1 “The 7 Best Ice Cream Cities in the U.S.” – AFAR » No. 5 "Coziest City in the U.S." - Honeywell » No. 8 “World’s Best Cities for Millennials” – Matador Network » "The Food and Drink Capital of America” – The Telegraph » One of the “Top 10 U.S. Destinations for Solo Travel in 2016” – FlipKey » “Why Portland is the USA’s Coolest City Right Now” – International Traveller » One of the “12 Best U.S. Cities for Food” – The Culture Trip » No. 7 "America's Most Playful Cities" - BestPlaces » Top 5 "Places for Business & Careers" - Forbes 9 PORTLAND OVERVIEW RISE ABOVE THE REST TriMet provides over 101,000,000 million trips per PORTLAND year of public transportation with its buses, MAX and From artisanal coffee and farm-to-table cuisine to a world- WES lines and LIFT Paratransit Service. Our public renowned craft beer scene, bike-friendly transportation, rapidly transportation systems are among the best in the world. growing technology sector and accessibility to coastal Oregon and inland mountains and rivers, Portland has consistently Portland has over 200 miles of designated bike trails ranked among the most creative and livable cities in the nation and lanes for our two (and sometimes one) -wheeled over the past decade. According to the latest figures released commuters. by the Census Bureau, Portland metro (almost 2.5 million residents) ranks among the highest US metro areas in terms of the rate of domestic migration and continues to see rental Almost 55% of residents over the ages of 25 have prices increase at a rate at or near double digit annual growth at least a bachelor's degree1, outpacing the nation over the last five years, making Portland one of the fastest average of 35.6%.2 growing cities in America. Education has a big impact in Portland and as a result the City Portland Metro is the sixth fastest growing state in the boasts a highly educated workforce. Oregon-born millennials US by percentage. Growing by an average of 430 new have a 34.3% education attainment rate which is head-to- residents per week for every year since the last census in 2010, giving us a population of almost 2.5 million head with the national average of 35.6%, while almost 80% of residents are high school graduates. This is due to Portland's strong educational opportunities at every level.3 Oregon is a consistent leader in the US for craft beer including the number of breweries per capita, the With a more recent influx in institutional capital fueling the percentage of money spent on craft beer, and the development of dozens of Class A mixed-use apartment, office economic impact per capita by Oregon’s breweries.2 and retail projects supported by record-breaking rental rates, absorption, and occupancy statistics, Portland Metro is poised for substantial future growth and overall contribution to the Pacific Portland is the Food Cart Mecca of America; the term Northwest region. "Foodie" is underrated. We have over 600 food carts within our city offering cuisine from around the globe. 1 https://statisticalatlas.com/place/Oregon/Portland/Educational-Attainment 2https://www.wweek.com/news/schools/2019/03/11/for-oregon-millennials-a-college-degree-is-a-ticket-out-of-state/ 3 http://oregoncraftbeer.org/facts/ 10 PORTLAND OVERVIEW PLACES TO GO, THINGS TO DO PEARL DISTRICT APPEAL THE FIELDS The Pearl District - aptly named, this electrifying urban neighborhood is an eclectic mix of tradition NW OVERTON STREET and modernity, business and fun, corporate and residential. NW OVERTON STREET The Pearl’s incredible renaissance is possible largely due to its convenient location, positioned CORDAGE BUILDING along the central business district to easily access Portland’s east side by three major bridges, NW NORTHRUP STREET TANNER and near all of the City’s major highways for SPRINGS easy access to the entire metropolitan area and Portland International Airport. Ample recreation NW MARSHALL STREET options from ski slopes to ocean beaches are within a short drive. NW LOVEJOY STREET The Cordage Building sits in the Northern heart of the Pearl District, the epitome of a Live-Work-Play neighborhood attractive to top talent.
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