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Lloyd District Blocks Premier Lloyd District Development Opportunity PARCELS SOLD TOGETHER OR INDIVIDUALLY • 78,000 TOTAL SQ

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Lloyd District Blocks Premier Lloyd District Development Opportunity PARCELS SOLD TOGETHER OR INDIVIDUALLY • 78,000 TOTAL SQ Lloyd District Blocks Premier Lloyd District Development Opportunity PARCELS SOLD TOGETHER OR INDIVIDUALLY • 78,000 TOTAL SQ. FT. (1.79 AC) 3 PARCEL 3 - 777 NE 7th 13,310 SF LAND / 4,587 SF BLDG. MUST BE SOLD TOGETHER 2 PARCEL 2 - 720 NE GRAND 4 20,000 SF LAND AREA PARCEL 4 - 701 NE 7th SE 162ND AVE AVAILABLE INDIVIDUALLY 6,690 SF LAND / 1,782 SF BLDG. PARCEL 1 - 720 NE GRAND 1 38,000 SF LAND / 17,747 SF BLDG. AVAILABLE INDIVIDUALLY ZONE 600-KEY NE GRAND AVE OPPORTUNITYTWO BLOCKSHYATT FROM REGENCY NEW HOTEL Great 2 CITY BLOCKS DEVELOPMENT LOTS FOR SALE Location! GEORGE N. DIAMOND NICHOLAS G. DIAMOND Licensed in PLEASE Oregon CONTACT: 503.222.2178 503. 222. 2655 12.30.2019 2839 SW 2nd Avenue, Portland OR, 97201 [email protected] [email protected] 12.30.2019 503.222.1655 - www.REIG.com Lloyd District Blocks REAL ESTATE INVESTMENT GROUP is pleased to offer for sale two whole city blocks on four tax lots for development in the heart of Portland’s eastside. The sale is comprised of four parcels: the existing block and half-block directly to the East owned by Land rover of Portland, and the two parcels directly adjacent to the East, owned by the Oregon Auto Dealers Association. This listing represents an unparalleled opportunity for development in Portland’s close-in eastside. The property sits one block from Portland’s Convention Center in the heart of the Lloyd District and within 5 blocks of the Burnside Bridgehead. The property is also located two blocks away from the new 600-key Hyatt Hotel at the convention center. Located along the Portland streetcar line on the north and west faces and along the city’s proposed ‘Green Loop’ path on the east face, the site is easily linked with downtown, the pearl district and the rest of the east side. Additionally the site has convenient access to major roads and highways, Portland’s Max line (with connection to Hillsboro (Intel), Beaverton (Nike), Downtown, the airport and Gresham), the Lloyd Center shopping mall (under renovation) and has over 65,000 employees within 1 mile. NEARBY: digital OREGON CONVENTION CENTER to sign VISIT WEBPAGE PACKAGE CONVENTION CENTER NDA & VIEW FULL HYATT REGENCY - “Register for Due Diligence” Green Button OREGON SQUARE Offering Information 4-BLOCK DEVELOPMENT SALE PRICE: MARKET PRICING TOTAL AREA: 1.79 AC / 78,000 SF (2 city blocks) CALL GEORGE DIAMOND ( 503.222.2178) OR NICHOLAS DIAMOND (503.222.2655) AVAILABLE INDIVIDUALLY PARCEL 1: 38,000 SF • 720 NE GRAND AVE TOTAL BASE FAR: 9:1 (702,000 SF) AVAILABLE INDIVIDUALLY PARCEL 2: 20,000 SF • 720 NE GRAND AVE HEIGHT LIMIT: 250’ - potential 325’ with bonus PARCEL 3: 13,310 SF • 777 NE 7th AVE ZONING: CX (CENTRAL COMMERCIAL) SEE ZONING TABLE OFFERED TOGETHER PARCEL 4: 6,690 SF • 701 NE 7th AVE NEARBY HIGHLIGHTS: oregon convention center, burnside bridgehead, moda center, convention center max station, AFFORDABLE HOUSING: LLOYD CENTER MALL, NE OREGON & GRAND STREETCAR STOP POSSIBLE M.U.L.T.E. (MULTIPLE UNIT LIMITED TAX EXEMPTION) QUALIFICATION https://www.portlandoregon.gov/phb/74691 PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. PEARL DISTRICT broadway BRIDGE VETERANS MEMORIAL COLISEUM LLOYD HYATT DISTRICT REGENCY 600-KEY PORTLAND, OR OLD TOWN CHINATOWN STEEL BRIDGE OREGON CONVENTION LLOYD PARCELS CENTER WILLAMETTE OREGON SQUARE RIVER REDEVELOPMENT BURNSIDE BRIDGE PORTLAND SATURDAY MARKET BURNSIDE BRIDGEHEAD AREA HIGHLIGHTS Well served by public transportation and MAX light rail, the property location along NE Grand Avenue puts it in the single and multi-tenant retail development core of the Lloyd District. AREA HIGHLIGHTS PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. LLOYD CENTER REMODEL EAST ANCHOR REMODEL MIRACLES CENTRAL WEST ANCHOR REMODEL LLOYD BROADWAY BRIDGE DISTRICT BLOCK 45 MIXED-USE PORTLAND, OR HOTEL EASTLUND CONVENTION CTR. HOTEL HASSALO ON 8th LLOYD CINEMAS REDEVELOPMENT SITE LLOYD CINEMAS PARKING LOT OREGON CONVENTION CENTER STEEL BRIDGE OREGON SQUARE “SLATE” MIXED-USE “SIDEYARD” MIXED-USE AURA BURNSIDE PROJECT STATUS “YARD” MIXED-USE BURNSIDE BRIDGE 5 MLK MIXED-USE PORTLAND STREETCAR TRIMET MAX LIGHT RAIL TRIMET MAX LIGHT RAIL TRIMET MAX LIGHT RAIL TRIMET MAX LIGHT RAIL - A LOOP - - BLUE LINE- - RED LINE- - GREEN LINE- - YELLOW LINE- PEARL - LLOYD - OMSI - PSU HILLSBORO - BEAVERTOn - PIONEER SQ. BEAVERTON - PIONEER SQ. - ROSE QUARTER PSU - PIONEER SQ. - UNION STATION PSU - PIONEER SQ. - UNION STATION ROSE QUARTER - GATEWAY - GRESHAM GATEWAY - PDX INTERNATIONAL AIRPORT ROSE QUARTER - GATEWAY - CLACKAMAS rose quarter - EXPO CENTER PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. OREGON REAL ESTATE INITIAL AGENCY A seller’s agent owes the seller the following affirmative duties; DISCLOSURE PAMPHLET OAR 863-015-215 (4) 1. To exercise reasonable care and diligence; 2. To account in a timely manner for money and property received from or on behalf of the seller; Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and 3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction; principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or 4. To disclose in a timely manner to the seller any conflict of interest, existing or contemplated; principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the 5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent's expertise; pamphlet from another broker. 6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an of the agency relationship; and agency relationship between you and a broker or a principal broker. 7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find a buyer for the property, except that a seller's agent is not required to seek additional offers to purchase the property while the property is subject to a contract for sale. Real Estate Agency Relationships None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived An "agency" relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the "agent"), by written agreement between seller and agent. agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction. Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing Oregon law provides for three types of agency relationships between real estate agents and their clients: properties for sale without breaching any affirmative duty to the seller. Seller's Agent - Represents the seller only; Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise, Buyer's Agent - Represents the buyer only; including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same law. property. This can be done only with the written permission of both clients. Duties and Responsibilities of Buyer’s Agent The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at the time an offer to purchase is made. Please read this pamphlet carefully before entering into an agency relationship with a real An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The buyer’s agent is not representing the seller, estate agent. even if the buyer’s agent is receiving compensation for services rendered, either in full or in part, from the seller or through the seller’s agent. Definition of “Confidential Information” An agent who represents only the buyer owes the following affirmative duties to the buyer, the other parties and the other parties’ agents involved in a real estate transaction: Generally, licensees must maintain confidential information about their clients. “Confidential information” is information communicated to a real estate licensee or the licensee’s agent by the buyer or seller of one to four residential units regarding the 1. To deal honestly and in good faith; real property transaction, including but not limited to price, terms, financial qualifications or motivation to buy or sell. “Confidential 2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard information” does not mean information that: to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and 3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party. a. The buyer instructs the licensee or the licensee’s agent to disclose about the buyer to the seller, or the seller instructs the licensee or the licensee’s agent to disclose about the seller to the buyer; and A buyer’s agent owes the buyer the following affirmative duties: b.
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