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Varns Office Building Owner/User Opportunity with Immediate Access to Highway 217 and Interstate 5 in Tigard, Oregon

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Varns Office Building Owner/User Opportunity with Immediate Access to Highway 217 and Interstate 5 in Tigard, Oregon VARNS OFFICE BUILDING OWNER/USER OPPORTUNITY WITH IMMEDIATE ACCESS TO HIGHWAY 217 AND INTERSTATE 5 IN TIGARD, OREGON JUSTIN POOR / [email protected] / OR#200705229 WA#109251 BRAD MACOMBER / [email protected] / OR#200908061 (503) 218-4380 commercialintegritynw.com LEGAL DISCLAIMER THE INFORMATION CONTAINED IN THIS MARKETING BROCHURE IS PROPRIETARY AND STRICTLY CONFIDENTIAL. IT IS INTENDED TO BE REVIEWED ONLY BY THE PARTY RECEIVING IT FROM COMMERCIAL INTEGRITY, NW AND SHOULD NOT BE MADE AVAILABLE TO ANY OTHER PERSONS OR ENTITIES WITHOUT WRITTEN CONSENT OF COMMERCIAL INTEGRITY, NW. THE INFORMATION CONTAINED HEREIN HAS BEEN PREPARED TO PROVIDE SUMMARY, UNVERIFIED FINANCIAL AND PHYSICAL INFORMATION TO PROSPECTIVE PURCHASERS TO ESTABLISH A PRELIMINARY LEVEL OF INTEREST IN THE SUBJECT PROPERTY. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION. COMMERCIAL INTEGRITY, NW HAS NOT MADE ANY INVESTIGATION, AND MAKES NO WARRANTY OR REPRESENTATION WITH RESPECT TO THE INCOME OR EXPENSE FOR THE SUBJECT PROPERTY, THE FUTURE PROJECTED FINANCIAL PERFORMANCE OF THE SUBJECT PROPERTY, THE SIZE OR SQUARE FOOTAGE AND IMPROVEMENTS, THE PRESENCE OR ABSENCE OF CONTAMINATING SUBSTANCES, PCBS OR ASBESTOS, THE COMPLIANCE WITH LOCAL, STATE AND FEDERAL REGULATIONS, THE PHYSICAL CONDITION OF THE IMPROVEMENTS THEREON, OR FINANCIAL CONDITION OR BUSINESS PROSPECTS OF ANY TENANT, OR ANY TENANT’S PLAN OR INTENTIONS TO CONTINUE TO OCCUPY THE SUBJECT PROPERTY. THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES WE BELIEVE TO BE RELIABLE; HOWEVER, COMMERCIAL INTEGRITY, NW HAS NOT VERIFIED AND WILL NOT VERIFY, ANY OF THE INFORMATION CONTAINED HEREIN, NOR HAS COMMERCIAL INTEGRITY, NW CONDUCTED ANY INVESTIGATION REGARDING THESE MATTERS AND MAKES NO WARRANTY OR REPRESENTATION WHATSOEVER REGARDING THE ACCURACY OR COMPLETENESS OF THE INFORMATION PROVIDED. ALL POTENTIAL PURCHASERS MUST TAKE APPROPRIATE MEASURES TO VERIFY ALL OF THE INFORMATION SET FORTH HEREIN. .2 Varns Office Building CONTENT .04 THE SYNOPSIS .05 FINANCIAL SYNOPSIS .06 PROPERTY SYNOPSIS .08 THE DETAILS .10 SITE PLAN .11 AERIAL .12 AREA OVERVIEW .13 DEMOGRAPHICS Varns Office Building .3 THE SYNOPSIS VARNS OFFICE BUILDING | TIGARD, OR | $778,240 | $190 PSF .4 Varns Office Building FINANCIAL SYNOPSIS VARNS OFFICE BUILDING 6980 SOUTHWEST VARNS STREET, TIGARD OR 97223 $778,240 Building . 4,096 SF # of Stories . 2 Land . 25,700 SF Parking Stalls . 16 (3.9/1,000) $190 PSF Acres . 0.59 Average HH Income (3-Mile) . $102,746 Built . 1979 # Of Parcels . 1 Varns Office Building .5 PROPERTY SYNOPSIS Varns Office Building is an excellent OWNER-USER OPPORTUNITY LOCATED IN TIGARD, OREGON - A SOUTHERN SUBURB OF PORTLAND. The 4,096-SQUARE FOOT BUILDING OCCUPIES A LARGE 0.59-ACRE LOT, offers multiple private offices, two bathrooms, a kitchen, garage, ample storage and is ideally-suited for an owner-user. Situated in a PROMINENT BUSINESS PARK near the Tigard Triangle, the Subject Property offers accessibility from Interstate 5, Highway 217 and Highway 99, three MAJOR PORTLAND MSA THOROUGHFARES. AMPLE ON-SITE PARKING AVAILABLE: 16 parking stalls equals approx. 3.9 spaces per 1,000-square feet. Immediate access to INTERSTATE 5, THE MAJOR NORTH/SOUTH INTERSTATE HIGHWAY in Oregon that travels through Portland, Salem, Eugene and Medford. Trimet’s SW 72nd Avenue bus stop connects Varns Office Building with BOTH TUALATIN TO THE SOUTH AND PORTLAND CITY CENTER TO THE NORTH via Bus 38 THE TIGARD TRIANGLE IS LOCATED SOUTH OF DOWNTOWN Boones Ferry Road. PORTLAND AND IS BORDERED BY THREE MAJOR METRO ROADWAYS: INTERSTATE 5, HIGHWAY 217 AND PACIFIC HIGHWAY (99W) .6 Varns Office Building THE TIGARD TRIANGLE IS LOCATED SOUTH OF DOWNTOWN PORTLAND AND IS BORDERED BY THREE MAJOR METRO ROADWAYS: INTERSTATE 5, HIGHWAY 217 AND PACIFIC HIGHWAY (99W) Varns Office Building .7 THE DETAILS VARNS OFFICE BUILDING | TIGARD, OR | 4,096 SF .8 Varns Office Building STRONG NEIGHBORING DEMOGRAPHICS: OVER 112,000 PEOPLE WITHIN THREE MILES WITH AN AVERAGE HH INCOME OF $109,322 Varns Office Building .9 SITE PLAN 4,096 BUILDING SF 1 Parcel on 0.59 Acres Land . 25,700 SF Year Built . 1979 Number Of Stories . 1 Zoning Type . C-P Parking Surface . Asphalt 16 Parking Spaces 1 Building .10 Varns Office Building SITE PLAN NOT EXACT. BUYER MUST VERIFY. AERIAL DOWNTOWN PORTLAND 8.8 MILES VARNS OFFICE BUILDING BEAVERTON PCC 6 MILES Sylvania Campus LAKE OSWEGO 2.5 MILES 217 99W 5 BRIDGEPORT VILLAGE TIGARD HIGH SCHOOL BOONES FERRY RD Varns Office Building .11 AREA OVERVIEW ABOUT TIGARD, OR Portland, Oregon is the second largest city in the Pacific Northwest, just three hours south by car of leader Seattle, Washingon. With projections of population and wage growth at 1.66% and 4.68% respectively, the ‘City of Roses’ ranked Number 17 on Forbes’ List of America’s Fastest-Growing Cities in 2018. The Portland Metropolitan VANCOUVER PORTLAND Area now represents more than one-half of Oregon’s population. Steady booming growth in recent years has allowed for a significant uptick of construction, both commercial and residential, within the Portland Metropolitan Area. BEAVERTON Tigard, incorporated in 1961, is a city located in Washington County, Oregon. Washington County is the state’s most second populous county and Tigard is Oregon’s I5 twelth largest city. Tigard is approximately 10 miles South of Portland’s city center along Interstate 5, the major North/South freeway connecting Washington and PORTLAND California. Other major freeways traveling through the city of Tigard include Highway 217 and Oregon Route 99W (Pacific Highway) and connect Tigard to the neighboring cities including Beaverton, Lake Oswego and Tualatin. Major Tigard employers include: BEAVERTON Nordstrom, Capital One, Costco and Oregon PERS. Companies headquartered in Tigard include: Stash Tea and Consumer Cellular. TIGARD LAKE OSWEGO The City of Tigard is moving ahead to implement a new zoning district for the HAPPY VALLEY mixed-use zoning at Tigard Triangle, the 500-acre parcel bound by Highway 99W, LAKE OSWEGO Highway 217 and Interstate 5. The zoning referred to as the “lean code” will make it easier for developers to receive approval for their projects. I5 .12 Varns Office Building DEMOGRAPHICS 1 Mile 3 Miles 5 Miles AVG HOUSEHOLD INCOME $102,746 $109,322 $108,987 # OF HOUSEHOLDS 4,647 47,021 115,403 2019 POPULATION 11,338 112,461 279,435 DISTANCE TO DOWNTOWN PORTLAND Approx 8.8 Miles DISTANCE TO VANCOUVER, WA Approx 17 Miles TRAFFIC COUNTS 13,000 Vehicles Per Day Along SW 72nd Ave & SW Varns St COUNTY Washington METROPOLITAN Portland MSA TIGARD 53,148 (2017 Population Estimate) WASHINGTON COUNTY 588,957 (2017 Population Estimate) PORTLAND MSA 2.4 Million People (2017 Population Estimate) Varns Office Building .13 .14 Varns Office Building VARNS OFFICE BUILDING OWNER/USER OPPORTUNITY WITH IMMEDIATE ACCESS TO HIGHWAY 217 AND INTERSTATE 5 IN TIGARD, OREGON JUSTIN POOR / [email protected] / OR#200705229 WA#109251 BRAD MACOMBER / [email protected] / OR#200908061 (503) 218-4380 commercialintegritynw.com.
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