DOCSLIB.ORG

Price: $4,830,000 BASTIAN BUILDING

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Price: $4,830,000 BASTIAN BUILDING BASTIAN BUILDING OFFERING MEMORANDUM Price: $4,830,000 BASTIAN BUILDING INVESTMENT CONTACTS APEX REAL ESTATE PARTNERS Irfan Tahir +1 503 757 1960 [email protected] Daren Duke +1 503 499 0056 [email protected] Mike Thomas +1 503 499 0059 [email protected] APEX This Offering Memorandum is intended solely for your limited use and benefit in determining whether you desire to express any further interest in the purchase of the property. Neither Owner REAL ESTATE PARTNERS nor Broker, including any of their respective officers, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of the contents of this Offering Memorandum. The prospective purchaser should perform its own separate and independent due diligence as it relates to the physical, environmental, legal, and all other material attributes that might be considered in the acquisition of the property. T A B L E O F C O N T E N T S Executive Summary .........................4 Property Profile ..............................10 Comparables ..................................18 Market Overview ...........................22 APEX REAL ESTATE PARTNERS Executive Summary Colliers International is offering the uniquely attractive opportunity to purchase the Bastian Building, an office asset located in Portland Oregon’s historic Old Town neighborhood in the heart of downtown. Built in 1925, this multi-tenant building comprises three stories within walking distance of numerous restaurants, shops, services and city parks. The Bastian Building is in the middle of a redevelopment wave that includes 5 million square feet of space under construction or proposed in the Broadway Corridor project. Property Highlights • Classic Portland building located in Old Town Portland, near Downtown and the Pearl District • Conveniently located near MAX stops and Trimet bus lines • Brick interior walls • Private access to common two-story atrium • Elevator served • Air conditioned • Off-street parking available • Recently upgraded mechanical and lobby finishes • Excellent access to downtown Portland, I-405 and I-5, Union Station Train Depot, Portland Streetcar, Broadway Bridge and Steel Bridge • Harvey’s Comedy Club (ground floor) has an A-3 Occupancy Rating • Home to the historic Portland Shanghai Tunnels Price: $4,830,000 4 COLLIERS INTERNATIONAL | PORTLAND EXECUTIVE SUMMARY 5 Neighborhood Overview Old Town/Chinatown was the original urban core of Portland and In a step towards revitalization of the area, the Lan Su Chinese was declared a National Historic Landmark in 1977, its national Garden opened September 14, 2000. The $12.8 million park covers significance based on its historic importance as a major 19th- an entire city block and was built by 65 artisans from Suzhou, century west coast port, and also for its collection of cast-iron China of imported materials (though all plants were grown locally). commercial architecture. More recently, NW 3rd and 4th Avenues received streetscape improvements, including plaques describing historical features. Attractions include the Saturday Market, the Shanghai Tunnels, Two block-long “festival streets” that can easily be used for street Lan Su Chinese Garden, Amtrak’s Union Station, and Ankeny festivals were also created between these streets. Square, site of Portland’s oldest public art work, the Skidmore Fountain. Other major organizations based in Chinatown include the Port of Portland, Oregon Department of Transportation’s Portland offices and NW Natural Gas. Waterfront Park 0.5 miles from Bastian Bldg 6 COLLIERS INTERNATIONAL | PORTLAND Jamison Square Park US Postal Service Steel Bridge BASTIAN BLDG Waterfront Park Waterfront NW 6TH 6TH 6TH NW NW Shanghai Tunnels Portland Portland MAX Green MAX Blue MAX Stop Bus Stop Streetcar Streetcar & Yellow & Red Line Stop Lines Lines EXECUTIVE SUMMARY 7 Broadway Corridor Project Located right outside of Prosper Portland’s Broadway Corridor project, the Bastian Building is poised to benefit immensely from neighborhood improvements, as well as new retail, office, housing, and green spaces. The Broadway Corridor project offers the potential to create 5 million+ square feet of new economic, business, social and community development opportunities. The site is at the heart of a transportation network that includes light rail, streetcar, and bus, with multiple stops of each mode within 1/8 of a mile of the site, as well as Prosper Portland-owned Union Station. The location and size of the Broadway Corridor represents an opportunity to realize Prosper Portland’s vision for an equitable economy by advancing prosperity, creating a vibrant neighborhood, and supporting living wage jobs. BASTIAN BLDG For more information on this ongoing project, visit www.broadwaycorridorpdx.com 8 COLLIERS INTERNATIONAL | PORTLAND Opportunity Zone The Bastian Building is located in one Oregon’s Opportunity Zones. Opportunity Zones can deliver significant tax savings on medium- to long-term investments in economically disadvantaged communities. This new tax incentive pertains to both the capital gains invested initially through a qualified opportunity fund (QOF), as well as future capital gains earned on the original investment in zone-based businesses or projects. Each zone consists of an entire census tract, as established for the decennial U.S. Census. Tracts vary in size but generally align with population density. Oregon has 834 census tracts, more than 300 of which were eligible by meeting the definition of a “low income community” in terms of median family incomes or poverty rates. With the opportunity zone incentive, the capital gains arising from sale to an unrelated person that are then transferred into a qualified opportunity fund within 180 days will have their tax liability delayed or deferred until December 31, 2026, at the latest. The taxpayer decides how much of his/her newly realized gains to invest, when to sell or exit that investment, or even whether to invest other moneys alongside (which would not receive these tax benefits). In addition to deferring income taxes, by the time the investment of tax-deferred capital gains in the opportunity zone is sold or the end of 2026, whichever is earlier: • The amount subject to taxes shrinks by 10% if the investment has been held for at least five years by 2026 (invested by 2021). • The amount subject to taxes also shrinks to the fair market value of the investment if less than its original value. For more information on Opportunity Zones, visit: www.oregon4biz.com/Opportunity-Zones EXECUTIVE SUMMARY 9 PROPERTY PROFILE Property Profile The landmark Bastian Building was originally constructed in 1925, but was seismically updated in 1988. Located in the gateway to the exciting new Broadway Corridor development, the Bastian Building presents a dynamic opportunity. The property is well-known to the community as it has been home to Harvey’s Comedy Club for decades. It is located adjacent to the former Greyhound Station and Post Office site. The two developments represent over 16 acres of land, and over 5 million square feet of development. With the Opportunity Zone benefits, the property represents an excellent opportunity for an investor. With a 6:1 FAR and proximity to the most exciting development in Portland, the property could represent an unique covered land play with atypically high returns for a developer. Address 418-436 NW 6th Avenue Portland, OR Foundation/Structure Reinforced masonry Net Rentable Area 27,600 SF Exterior Walls Reinforced masonry Leased 78% Number of Floors 3 + sprinklered basement Year Built 1925, renovated in 1988 Structural Steel Frame/Superstructure Seismic completed 1988 Site Area 0.23-acres (10,019 square feet) Entrances and Doors 2 Parcel Number R140454 Lobby and Common Area Finishes New floor coverings and exposed brick Historic Registry No Elevators 1 All building areas meet accessibility Opportunity Zone Yes ADA Compliance requirements FAR 9:1 base and 12:1 with bonus Zoning CXD Class B 99 WALK SCORE 91 BIKE SCORE 99 TRANSIT SCORE 12 COLLIERS INTERNATIONAL | PORTLAND THIS MAP WAS PREPARED FOR N.E.1/4 S.W.1/4 SEC.34 T.1N. R.1E. W.M. ASSESSMENT PURPOSE ONLY MULTNOMAH COUNTY 1N 1E 34CA 1" = 100' PORTLAND SEE MAP 1N 1E 34BD APPROX. 418-436 NW 6th Avenue Portland, OR 1/16 COR. Address 60' N.W. (G) GLISAN ST. APPROX. 3' 100' 100' 100' CEN. SEC. 5' 60' 60' 100' 60' 100' 100' 60' 100' 100' W1/2 E1/2 100' 30' Tax Roll COUCHS ADD, BLOCK 37, LOT 6&7 100' 300 5' 5' 200 100' 2100 2000 1600 1500 900 800 7 50' 50' 50' 50' 50' 50' 50' 50' ASSESSED 50' 50' 8 7 8 7 8 700 300 A1 8 7 100 8 50' 1500 A1 8 7 BY D.O.R. 2019 ASSESSMENT 1600 A1 7 W1/2 100' 25' 50' 50' 50' 50' 50' 50' 50' 50' 80000 50' 5 6 5 6 6 5 6 5 6 25' 4' 11 1/8" Improvements $3,574,280 48 37 36 25 5 24 BK. 1000 PG. 687 23 3 OLD 0.66' 4 28' N1/2 1400 N1/2 2200 1900 1701 600 28' 400 50' 50' 50' AVE. 50' 50' 150' 50' 50' 50' 150' AVE. 4 50' 4 3 TOWN 3 4 3 4 Land $1,519,620 AVE. 1300 22' 3 S1/2 S1/2 IN ST. IN ST. 2002-166830 3 4 34'1 3/8" AVE. 500 ORD. 138348 LOFTS VAC. 6-19-74 1800 1700 1200 50' 50' 50' 50' 50' 50' 50' 50' 50' Real Market $4,897,580 1 2 1 2 CONDO. 0.66' 1 50' 2 1 2 1 100' 5' 5' 3' 100' 100' 100' 100' 2 99.33' 100' 100' 100' 5.6' 100' TO 100' VAC. 6-19-74 91' 134' ORD. 138348 IN ST. 2000-126356 PROPERTY TAXES 29.8' 60' N.W. (F) FLANDERS ST. IN ST. 2002-166830 100' IN ST. 2001-024823 30' 2019 $26,802.56 100' 5' 100' 708 100' 100' 100' 100' 100' 95' 34.75' 100' 65' 100' 100' 5' 8 5' 5' 50' 2700 APPROACH 3600 50' 50' 50' 50' 50' 50' 2300 3100 50' 4300 2800 3200 3500 50' 50' 4200 3400 50' PARTY 8 7 8 7 8 7 8 WALL 75' 2018 $26,014.11 7 3700 8 7 8 0.25' 5 2600 34.75' 65' N1/2 50' 50' 50' 50' 50' 50' 50' 50' 50' 50' 2017 $24,932.15 5 6 5 6 5 6 5 BK.
Load more

Recommended publications
  • Thn Lng Folk 2Go
    thN Lng folk 2go thN Lng folk 2go Investigating Future Premoderns™ The Confraternity of Neoflagellants punctum books ! brooklyn, ny thN Lng folk 2go: Investigating Future Premoderns™ © The Confraternity of Neoflagellants [Norman Hogg and Neil Mulholland], 2013. http://creativecommons.org/licenses/by-nc-nd/3.0/ This work is Open Access, which means that you are free to copy, distribute, display, and perform the work as long as you clearly attribute the work to the authors, that you do not use this work for commercial gain in any form whatsoever, and that you in no way alter, transform, or build upon the work outside of its normal use in academic scholarship without express permission of the author and the publisher of this volume. For any reuse or distribution, you must make clear to others the license terms of this work. First published in 2013 by punctum books Brooklyn, New York http://punctumbooks.com punctum books is an independent, open-access publisher dedicated to radically creative modes of intellectual inquiry and writing across a whimsical para-humanities assemblage. We solicit and pimp quixotic, sagely mad engagements with textual thought- bodies. We provide shelters for intellectual vaga- bonds. ISBN-13: 978-0615890258 ISBN-10: 0615890253 All images on cover and inside of book by The Confraternity of Neoflagellants (2013), except for image on p. 125, by Fergus Moore (2013). This book is supported by the Carnegie Trust for the Universities of Scotland. Before you start to read this book, take this moment to think about making a donation to punctum books, an independent non-profit press, @ http://punctumbooks.com/about/ If you’re reading the e-book, you can click on the image below to go directly to our donations site.
    [Show full text]
  • Lease Offering Memorandum
    FOR LEASE 301 NW 4TH AVE. 301 NW 4TH AVE. PORTLAND, OR 97209 Patrice Cook Advisor 503.459.4341 [email protected] Olesya Prokhorova Associate Advisor 503.459.4347 [email protected] Jim Wierson II Senior Advisor 503.459.4376 [email protected] SVN | BLUESTONE & HOCKLEY | 9320 SW BARBUR BLVD., SUITE 300, PORTLAND, OR 97219 OFFERING MEMORANDUM For Lease - 301 NW 4th Ave. OFFERING SUMMARY PROPERTY OVERVIEW Available SF: 6,370 SF The 301 Building was built in 1905 and resides in the heart of Chinatown. This building has the highest walk, ride, bike scores available and is a block from the Chinese garden and Chinese Museum. It used to be an Asian market and Lease Rate: Negotiable more recently a Dim Sum restaurant. The space has exposed brick, high ceilings, street-level cargo door, walk-in Lot Size: 0.23 Acres freezer, conveyor belt, and lots of storage. Old town/Chinatown is being rediscovered as a cultural center with great Year Built: 1905 historical significance It also has great proximity to restaurants, bars, services, and the waterfront. Building Size: 6,370 SF ***************************************************************************** ADDITIONAL GRANTS & SPECIAL LOANS MAY BE AVAILABLE TO TENANT THROUGH PROSPER PORTLAND UNDER THE ACTION PLAN. Zoning: CX ***************************************************************************** AVAILABLE SPACES Market: Portland SPACE LEASE RATE SIZE Submarket: CBD 301 NW 4th Ave. Negotiable 6,370 SF 301 NW 4TH AVE. | 301 NW 4TH AVE., PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 2 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation.
    [Show full text]
  • American Master George Carlson Between Two Worlds with Brad Overton Artists Celebrate the National Park Centennial Architecture in the West: from Texas to California
    JUNE | JULY 2016 From Cowboy to Contemporary American Master George Carlson Between Two Worlds with Brad Overton Artists Celebrate the National Park Centennial Architecture in the West: From Texas to California plus:Master of Light Mark Laguё Perspective: Frida Kahlo [1907 –1954] The Ins and Outs of Absentee Bidding WESTERN VISTA WANDERINGS: ART ESCAPES IN PORTLAND, OREGON In this creative city, art isn’t just easy to find — it’s everywhere you look WRITTEN BY Marla Cimini Photo: Courtesy Portland Art Museum Offering an artistic odyssey, the city of dozens of institutions provide art education, from the Art Portland, Oregon, blends a range of art and Institute of Portland to the Le Cordon Bleu College of architectural styles, dating from thousands Culinary Arts to a recording arts school. of years ago with the tribes of the Pacific The Willamette River divides Portland across its Northwest to more contemporary offerings east and west shores, and Burnside Street splits the city that have inspired the slogan “Keep Portland north and south, respectively. Artful treasures are found Weird.” A diverse destination, the city of throughout each of Portland’s neighborhoods, from elite roughly 600,000 people attracts a melting galleries to DIY artisan festivals and splashes of public art. pot of individuals with varied interests and The city’s mild climate is best from June through earnest passions. September. But, rain or shine, wandering through Portland You’d be hard pressed to find another is delightful. As a pedestrian-friendly city, consider touring American destination with such a lengthy by bicycle on more than 300 miles of paths or travel via list of monikers: Rip City; Little Beirut; public transportation on the light rail or street car systems.
    [Show full text]
  • 0X0a I Don't Know Gregor Weichbrodt FROHMANN
    0x0a I Don’t Know Gregor Weichbrodt FROHMANN I Don’t Know Gregor Weichbrodt 0x0a Contents I Don’t Know .................................................................4 About This Book .......................................................353 Imprint ........................................................................354 I Don’t Know I’m not well-versed in Literature. Sensibility – what is that? What in God’s name is An Afterword? I haven’t the faintest idea. And concerning Book design, I am fully ignorant. What is ‘A Slipcase’ supposed to mean again, and what the heck is Boriswood? The Canons of page construction – I don’t know what that is. I haven’t got a clue. How am I supposed to make sense of Traditional Chinese bookbinding, and what the hell is an Initial? Containers are a mystery to me. And what about A Post box, and what on earth is The Hollow Nickel Case? An Ammunition box – dunno. Couldn’t tell you. I’m not well-versed in Postal systems. And I don’t know what Bulk mail is or what is supposed to be special about A Catcher pouch. I don’t know what people mean by ‘Bags’. What’s the deal with The Arhuaca mochila, and what is the mystery about A Bin bag? Am I supposed to be familiar with A Carpet bag? How should I know? Cradleboard? Come again? Never heard of it. I have no idea. A Changing bag – never heard of it. I’ve never heard of Carriages. A Dogcart – what does that mean? A Ralli car? Doesn’t ring a bell. I have absolutely no idea. And what the hell is Tandem, and what is the deal with the Mail coach? 4 I don’t know the first thing about Postal system of the United Kingdom.
    [Show full text]
  • Welcome to Portland…
    Welcome to Portland… Portland offers the culture, cuisine and atmosphere you’d expect from a major American city, but what makes it truly unique is its setting amid forests, rivers and mountains. Built of distinct communities that stretch beyond the city’s border, the greater Portland region is defined by a sense of independence, creativity and connection to the land. Whether exploring the central city or wine country, Mount Hood or the Columbia River Gorge, you’ll quickly find the qualities that make this place so unique. ACTIVITIES & ATTRACTIONS Not only does University Place Hotel have plenty happening on-site, it also offers easy access to a variety of activities in and around the surrounding Portland Metro area, including dining and nightlife, downtown shopping, museums, natural wonders and many more. Here are a few of our suggestions while you’re in town. Dining Southpark Located downtown in the heart of Portland’s Cultural District, Southpark Seafood Grill and Wine Bar celebrates the best of northwest fishermen, farmers, growers and winemakers. Utilizing fresh local fish, meats and produce, Southpark serves inspired cuisine in a lively urban setting. southparkseafood.com Kenny & Zuke’s Delicatessen New-York style deli adjacent to the Ace Hotel. Hearty sandwiches feature housecured meats on freshly baked breads. 1038 S.W. Stark St.; kennyandzukes.com East India Co. Offers classic Indian cuisine with a contemporary flair, reflecting the food trends in today’s India. The tandoori cuisine is complemented by signature cocktails. 821 S.W. 11th Ave.; eastindiacopdx.com Elephant’s Delicatessan Made from scratch daily offerings, from breakfast muffins and deli sandwiches to light dinners and tasty salads, along with fine beers and wines.
    [Show full text]
  • Picmet Bulletin 07
    TABLE OF CONTENTS Message from the President and CEO of PICMET . .2 Powell’s City of Books . .21 Message from the Governor of Oregon . .4 Tom McCall Waterfront Park . .21 Message from Oregon’s U.S. Senator . .5 Washington Park . .21 Message from Oregon’s U.S. Congress Rep. .6 Oregon Zoo . .21 Japanese Garden . .22 ACKNOWLEDGEMENTS . .7 World Forestry Center . .22 Hoyt Arboretum . .22 PICMET ’07 . .8 International Rose Test Garden . .22 Board of Directors . .8 Willamette Jet Boat Excursions . .22 Executive Committee . .8 Program Committee . .9 SHOPPING . .23 Advisory Council . .10 Shopping Portland’s Downtown . .23 Organizing Committee . .10 Pearl District . .23 Portland’s Mall Scene . .23 PICMET ’07 AWARDS . .11 Student Paper Awards . .11 GUEST PROGRAM . .24 Medal of Excellence . .12 Daily Excursions . .24 Leadership in Technology Management Awards . .13 Best of Portland Walking Tour . .24 Portland Art Museum . .24 GENERAL INFORMATION . .15 Lunch at South Park Restuarant . .25 Conference Focus . .15 Rose Test Garden and Japanese Garden . .25 Who Should Attend . .15 Portland Farmers Market . .25 Program . .15 Publications . .15 SOCIAL EVENTS . .26 Registration Policy . .16 Reception / Buffet . .26 Session and Paper Designations . .16 Dinner in the Park Blocks . .26 Presentation Guidelines . .16 Awards Banquet . .26 Audio/Visual Equipment . .16 Salmon Feast . .27 E-Mail . .16 PICMET Volunteers . .16 SITE VISITS . .28 XEROX . .28 CITY OF ROSES . .17 Freightliner . .28 Getting Around Portland . .17 Airport Transportation . .17 TECHNICAL PROGRAM . .29 Climate . .17 Program Overview . .29 Gratuities . .17 The Papers . .29 Travel Oregon . .17 The Schedule . .29 Events . .18 Monday Schedule . .30 Woodburn Outlet Express . .18 Tuesday Schedule .
    [Show full text]
  • Portland, Oregon
    Portland, Oregon Hints for getting around town: • East and West are divided by the Willamette River. • North and South are divided by Burnside St. • North Portland (NoPo) is on the east side of the river though. • North of Burnside in the NW, the streets are alphabetical, so next is Couch, then Davis, Everett, Flanders, and so on. • The numbers often give you a clue to how many streets north/south you are – 100 for each block (e.g., 650 NW 10th Ave. is on 10th btw. Hoyt & Johnson (remember to start w/Burnside)), or if you are on a name street, the number will correspond with the cross street (e.g., 1250 NW Glisan will be on Glisan btw. 12th & 13th). Easiest in the NW*. • "Downtown" refers to a portion of SW within the boundaries of the Willamette River and I-405, and south of Burnside St. • If you are driving, note that there are a lot of one-way streets. • The Portland Streetcar (goes more North/South) and MAX Light Rail (two lines east/west, and north/south) are free all day, every day within the Free Rail Zone (formerly Fareless Square) that includes downtown (within boundaries of Willamette River, NW Irving, and I-405), the Rose Quarter and the Lloyd District. Look for the Free Rail Zone signs. • FOR PUBLIC TRANSPORTATION, GO TO THE TRIP PLANNER ON HTTP://TRIMET.ORG • TAXIS: Radio Cab = #503.227.1212, and Broadway Cab = #503.227.1234 • Many restaurants in Downtown, the Pearl district, and NW Portland are within walking distance of the Hilton Hotel or a short ride on the Portland Streetcar or MAX Light Rail.
    [Show full text]
  • Glisan Building 112 SW 2Nd Avenue, PORTLAND OR HOME of KELLS IRISH RESTAURANT
    PRICE REDUCEDOPPORTUNITY FOR QUICK SALE ZONE Glisan Building 112 SW 2nd Avenue, PORTLAND OR HOME OF KELLS IRISH RESTAURANT Historic Restaurant Building in Downtown Portland’s Old Town District Ideal Owner / User or Investment • Home of Kells Irish Restaurant & Pub NEW PRICE • $3,200,000 BELOW REPLACEMENT COST! CREATIVE SELLER WILL CONSIDER LEASE-TO-OWN & SELLER CARRY Portland, OR Historic Building Sale Iconic Restaurant Building in PDX Old Town NATIONAL & PORTLAND HISTORIC LANDMARK DESIGNATION IDEAL FOR RESTAURANT, EVENT SPACE OR OFFICE FULL SEISMIC UPGRADE • OWNER / USER OR INVESTMENT SALE John Kohnstamm, SIOR Nicholas G. Diamond George N. Diamond 503.542.4355 503.222.2655 503.222.2178 Licensed [email protected] [email protected] [email protected] in OR & WA 11.08.202011.08.2020 © 2020 Capacity Commercial Group LLC | 805 SW Broadway #700, Portland OR 97205 | 503.326.9000 | capacitycommercial.com Sale Price: $3,200,000 ($253.97 / SF) Historic Property Offering PRICE REDUCED! Property Details Glisan Building Total Gross Building Area 12,600 SF 112 SW 2nd Avenue, Portland OR Glisan Building Total Usable Building Area 10,760 SF Property Lot Area 4,750 SF Construction Date 1889 Seismic Upgrade Yes (2003) Fire Sprinklers Yes (Full Building) Elevator Served Yes (3 Stops) Capacity Commercial Group presents the unique opportunity to acquire a prime location historic property in Downtown Portland, Oregon’s Skidmore / Old Town district. Built in 1889, the property has received a seismic upgrade in 2003 and features fire sprinkler system and elevator service. The building is currently home OFFERING SUMMARY to renowned Kells Irish Restaurant and Pub, configured with restaurant space on the 1st floor, cigar lounge in the basement and event space upstairs.
    [Show full text]
  • Price: $2,000,000 KOLIN BUILDING
    KOLIN BUILDING OFFERING MEMORANDUM Price: $2,000,000 KOLIN BUILDING INVESTMENT CONTACTS APEX REAL ESTATE PARTNERS Irfan Tahir +1 503 757 1960 [email protected] Daren Duke +1 503 499 0056 [email protected] Mike Thomas +1 503 499 0059 [email protected] 405 This Offering Memorandum is intended solely for your limited use and benefit in determining whether you desire to express any further interest in the purchase of the property. Neither Owner nor Broker, including any of their respective officers, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of the contents of this Offering Memorandum. The prospective purchaser should perform its own separate and independent due diligence as it relates to the physical, environmental, legal, and all other material attributes that might be considered in the acquisition of the property. T A B L E O F C O N T E N T S Executive Summary .........................4 Property Profile ..............................10 Comparables ..................................18 Market Overview ...........................22 405 Executive Summary Colliers International is offering the uniquely attractive opportunity to purchase the Kolin Building, an office asset located in Portland Oregon’s historic Old Town neighborhood in the heart of downtown. Built in 1905, this multi-tenant building comprises two stories within walking distance of numerous restaurants, shops, services and city parks. Highlights • Classic Portland building located in Old Town Portland, near Downtown
    [Show full text]
  • For Sale Or Lease
    FOR SALE PORTLAND OLD TOWN OPPORTUNITY OR LEASE TUCK LUNG BUILDING 140 NW 4TH AVENUE | PORTLAND, OR 97209 OLD TOWN TWO-STORY BUILDING, WITH BASEMENT PROPERTY DETAILS The Tuck Lung totals 33,692 square feet of rental space. PROPERTY Tuck Lung Building ADDRESS 140 NW 4th Avenue 2nd floor medical clinic improvements include offices, conference center, exam rooms, reception area, full upgrades to fire sprinkler and potable water service, BUILDING SIZE 33,692 SF, including unfinished basement electric upgrades, new HVAC units, gas meters and service, and 2016 seismic LAND AREA 13,000 SF upgrades to the second story. OCCUPANCY 80% YEAR BUILT 1977 Guardian Real Estate Services completed the ground floor retail tenant CONSTRUCTION Beam and brick improvements in 2018. ELEVATOR Central Service Elevator SUBMARKET Old Town ZONING Central Commercial (CX) HISTORICAL Compatible Non-Contributing Classifcation EXPOSURE Property has exposure on NW Davis & NW 4th Avenue SALE PRICE $10,900,000 The Tuck Lung Building is located in what was originally the center of Chinatown in the late 1800s. Built in 1977 by owners Albert & Vivian Wong. When the building first opened, it was home to the Tuck Lung Co. Grocery and Restaurant, which closed permanently in 1993. SURROUNDING AREA • Shopping: Portland Saturday Market, Orox Leather Goods, Unspoken. Kiriko Made, Laundry, Produce Portland • Hotels: The Society Hotel, The Hoxton Hotel • Activities: Lan Su Chinese Garden, Portland Chinatown Museum, Shanghai Tunnels, Portland Walking Tours, Ground Kontrol, Roseland Theater, Siren Theater, Waterfront Park • Dining: Red Robe Tea House, Taqueria Las Piedritas, Republic Cafe, Theo’s, Charlie’s Deli, Old Town Pizza & Brewing • Creative Art Work Lofts PUBLIC TRANSPORTATION • One block from NW 5th & Couch Max Station - Green/Orange Line • Two blocks from Old Town/Chinatown MAX Station - Blue/Red Line NW Davis Street Davis NW NW 4th Avenue RETAIL FLOOR PLAN Not to Scale WE COOPERATE WITH BROKERS FOR INFORMATION CONTACT TAMARA HOLDEN Guardian Real Estate Services LLC 503.802.3578 [email protected].
    [Show full text]
  • Asian Pacific American Heritage Month
    News & Updates for Members - Spring 2017 Asian Pacific American Heritage Month Lan Su celebrates Asian Pacific American Heritage Month Exciting Membership Updates ������������������������ page 2 this May with cultural performances, talks and more ��� Learn Silk Month ��������������������������������������������������������������� page 3 about these and more beginning on page 2. Volunteer Opportunities �������������������������������������� page 5 Under the Moonlight Tables Remain ������������ page 6 Exciting updates to your membership Artist Membership expansion, sustaining memberships and a two-year membership option After the most recent member survey and based on requests from supporters like you, Lan Su is pleased to announce a series of updates and new events tied to your garden membership� Board of New Two Year Memberships Directors Lan Su is now offering a new, two-year officers membership option� Each membership Terry Smith, President offers all of the same benefits you love, Artist Membership changes Raymond W� Cheng, Vice President but only requires you to purchase every Lan Su’s Artist Membership program Jill Chen, Treasurer two years� Additionally, each membership Betty Jean Lee, Secretary continues to grow in popularity� In order to level offers a discount for the second year� make the program even friendlier to you, Directors Membership just got easier we have expanded the program to offer Connie Hiram ALL members the opportunity with a new Greg Martin Become a sustaining member and make Artist Member Addendum� Helen Ying
    [Show full text]
  • Portland Eastbank Esplanade, OR
    Portland Eastbank Esplanade, OR Directions: Mass Transit – Using the Portland MAX, take the red, yellow, or blue line to the Rose Quarter Transit Center. Trains run about every 5 to 15 minutes. Walk south on NE 1st Ave. Cross NE Oregon St at the traffic light, turn right and cross NE Lloyd Blvd. and walk southwest towards the pedestrian bridge across the Union Pacific Railroad tracks. Take the ramp or stairs to the Eastbank Esplanade. Driving and Parking – Weekdays: All weekday parking near the area requires a payment to park. On weekdays, parking garages near in downtown Portland may be the best choice. Weekends: Traveling southbound on I-5, take exit 300B and follow the brown signs towards OMSI. Follow signs for US-26 and merge onto SE Martin Luther King Jr Blvd. Turn right at SE Salmon St then in .2 mile turn left at SE Water Avenue. In 0.2 mile you will pass the intersection of SE Clay St and SE Water Ave. Turn left into the PCC CLIMB parking. Traveling I-5 northbound, while driving over the Marquam Bridge, take exit 300 to I-84 East towards the Portland Airport and the Dalles. Bear right onto the off-ramp for OMSI/Central Eastside Industrial District. Turn right at SE Water Avenue. In 0.3 mile you will pass the intersection of SE Clay St and SE Water Ave. Turn left into the PCC CLIMB parking. Free parking on weekends is available along the streets in the area of PCC CLIMB. Once you have parked, walk towards the river, then to the right to hook up with the Eastbank Esplanade under the Hawthorne Bridge.
    [Show full text]