NEXT TO VOODOOOPPORTUNITY DOUGHNUT! ZONE Paris Theatre 6 SW 3rd Avenue, PORTLAND OR Event / Entertainment Venue Landmark in Downtown PDX’s Old Town District Ideal Owner / User or Investment • Immediately Adjacent to Voodoo Doughnut FOR SALE • $1,500,000 LEASE OPTION / SELLER CARRY ALSO EVENT PHOTO ICONIC PDX THEATRE PRIME DOWNTOWN PORTLAND OPPORTUNITY Old Town Entertainment / Event Venue Iconic Theater Building in Downtown Portland OPPORTUNITY TO PURCHASE URBAN PORTLAND LANDMARK IDEAL FOR OWNER-USER OR INVESTMENT SCENARIO NEW ROOF AND PARTIAL SEISMIC UPGRADE • GREAT LOCATION George N. Diamond Nicholas G. Diamond 503.222.2178 503.222.2655 Licensed [email protected] [email protected] in OR & WA 12.04.202012.04.2020 © 2020 Capacity Commercial Group LLC | 805 SW Broadway #700, Portland OR 97205 | 503.326.9000 | capacitycommercial.com Sale Price: $1,500,000 ($526.32 / SF) Entertainment / Event Venue Property Details Paris Theatre Total Gross Building Area 2,850 SF 6 SW 3rd Avenue, Portland OR Paris Theatre Total Lot Area 2,850 SF Construction Date 1890 Zoning Designation CXd Seismic Upgrade Partial (2020) Opportunity Zone Yes Capacity Commercial Group presents the unique opportunity to acquire a prime location urban property in Downtown Portland, Oregon’s Skidmore / Old Town dis- trict. Built in 1890, the property operated originally as a live entertainment venue, later as a movie theatre in the mid-1900s and most recently a concert / live music venue. Ideally located next to Voodoo Doughnuts, the property enjoys prime expo- sure on both W Burnside and SW 3rd Avenue. In 2020 the building received a new OFFERING SUMMARY roof and roof-wall seismic connection. Excellent opportunity for entertainment, event, concert or nightlife owner-user or also as an investment scenario. IDEAL LOCATION DIRECTLY OFF W BURNSIDE ST AND IMMEDIATELY NEXT TO VOODOO DOUGHNUT CENTRALLY LOCATED EVENT VENUE PROPERTY 1890 Portland Entertainment / Event Venue • Ideal for Owner / User or Investment • Iconic ‘Paris Theatre’ for Sale in • Ideal for Entertainment Venue, Event Space, Concert, Nightclub Sale Offering Downtown Portland’s Iconic Old Town • 1 Story with Mezz. for Sound Booth + Basement (Not in Sq. Ft.) OWNER / USER OR INVESTMENT • Ideal Property for Owner / User or Investor • Great Visibility with Marquee Signage and Exposure on SW 3rd Presented Exclusively by Capacity Commercial Group • 1890 Construction with Partial 2020 Seismic Upgrade including Roof-Wall Anchoring and Entire New Roof Contact Broker for Full Info • Lobby / Ticketing Area, Outdoor Patio, Full Bar, Dance Floor, Raised Stage, High Ceilings with Lighting • Creative Seller Willing to Consider Lease-to-Own or Seller Financing / Seller Carry Arrangements • Bustling Historic Skidmore / Old Town District of Downtown Portland - In the Oregon Opportunity Zone • Retail / Cultural Highlights within 3 Blocks include Voodoo Doughnut (adjacent), Stumptown, Coffee, Shanghai Tunnels, Saturday Market, Pine St Market, Portland White Stag Sign SALE HIGHLIGHTS PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Entertainment / Event Venue Paris Theatre BUILDING HIGHLIGHTS 2,850 SF Gross Building • 1890 Original Construction • Next to Voodoo Doughnut • Illuminated Theatre Sign • Marquee Event Signage • Outdoor Patio / Waiting Area • Double Entrance with Lobby • Full Bar and Table Area • Stage with PA System • Mezzanine and Basement • PROPERTY DETAILS PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Entertainment / Event Venue Paris Theatre Owner User Scenario Paris Theater: 6 SW 3rd Ave Purchase $1,500,000 Loan Amount 80% $1,200,000 Portland, OR 97204 Down Payment 20% $300,000 Paris Theater: 6 SW 3rd Ave Interest rate 4.50% Amortization 25 Market Proforma Portland, OR 97204 Annual Mortgage Payment $28.08 -$80,040 Net Operating Income $32.00 $91,200 Cash Flow for Owner/User $3.92 $11,160 Market Proforma Cash on Cash Return 3.72% Building 2,850 $91,200 p/sf - NNN $32.00 Owner User Scenario -SBA Loan Annual Base Rent Rent 2,850 $91,200 averageBuilding p/sf 2,850 $91,200$32.00 Purchase $1,500,000 p/sf - NNN $32.00 Loan Amount 100% $1,500,000 VacancyAnnual Base Factor Rent Rent 2,8500% $91,200$0 Down Payment 0% $0 Totalaverage NNN p/sf Reimbursement $0.00 $32.00$0 Interest rate 4.50% Amortization 25 Annual Mortgage Payment $35.11 -$100,050 AnnualVacancy Gross Factor Rent 0% $91,200$0 Total NNN Reimbursement $0.00 $0 Net Operating Income $32.00 $91,200 Cash Flow for Owner/User $3.11 -$8,850 Cash on Cash Return #DIV/0! NetAnnual Operating Gross Rent Income $32.00 $91,200 Investor Scenario Sales Price - Building Only $1,500,000 Price/sfNet Operating Income $32.00 $91,200$526.32 Purchase $1,500,000 Market Cap Rate 6.08% Loan Amount 65% $975,000 Sales Price - Building Only $1,500,000 Building Sf 2,850 Down Payment 35% $525,000 Price/sf $526.32 Land SF 2,850 Interest rate 4.00% Market Cap Rate 6.08% Amortization 25 Building Sf 2,850 Annual Mortgage Payment -$61,757 Land SF 2,850 Net Operating Income $91,200 Cash Flow $29,443 Cash on Cash Return 5.61% The information herein presented is based on rental and cost assumptions. Neither Broker nor Owner represent or warrantee the accuracy of these assumptions. Buyer shall rely solely on their own due diligence. OWNER-USER AND INVESTOR PROFORMAS PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Entertainment / Event Venue Paris Theatre SW 3RD AVE W BURNSIDE ST Map No. 1N1E34CD 00700 CHICAGO TITLE COMPANY 10151 S.E. SUNNYSIDE ROAD Suite 300 CLACKAMAS, OREGON 97015 SW 2ND AVE This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company SW 3RD AVE 3RD SW does not insure dimensions, distances, location of easements, acreage or other matters shown thereon. SW ANKENY ST TAX LOT MAPS PAGE 5 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Map No. 1N1E34CD 00700 CHICAGO TITLE COMPANY 10151 S.E. SUNNYSIDE ROAD Suite 300 CLACKAMAS, OREGON 97015 This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon. Entertainment / Event Venue Paris Theatre 27,526 VPD @ SW 3RD PROPERTY AREA HIGHLIGHTS PAGE 6 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Entertainment / Event Venue FULL PROFILE FULL PROFILE 2000-2010 Census, 2020 Estimates with2000-2010 2025 Projections Census, 2020 Estimates with 2025 Projections Calculated using Weighted Block Centroid fromCalculated Block Groups using Weighted Block Centroid from Block Groups PORTLANDParis TheatreGOOSE SOUTH STATE HOLLOW Lat/Lon: 45.5229/-122.6729 Lat/Lon:WATERFRONT 45.5229/-122.6729 RF1 RF1 6 SW 3rd Ave 6 SW 3rd Ave 1 mi radius 3 mi radius 5 mi radius1 mi radius 3 mi radius 5 mi radius NW Portland, OR 97204 Portland, OR 97204 DOWNTOWN DISTRICT PORTLAND 2020 Estimated Population 2020 Estimated Population 0 T 38,428 205,740 0 T445,779 38,428 205,740 445,779 2025 Projected Population 2025 Projected Population 0 T 39,520 212,326 0 T458,745 39,520 212,326 458,745 2010 Census Population 2010 Census Population 0 T 27,228 166,112 0 T387,416 27,228 166,112 387,416 2000 Census Population 2000 Census Population 0 T 18,401 148,908 0 T361,431 18,401 148,908 361,431 PROPERTY Projected Annual Growth 2020 to 2025Projected Annual Growth 2020 to 2025 - 0.6% 0.6% - 0.6% 0.6% 0.6% 0.6% SLABTOWN POPULATION POPULATION Historical Annual Growth 2000 to 2020Historical Annual Growth 2000 to 2020 - 5.4% 1.9% - 1.2% 5.4% 1.9% 1.2% 2020 Estimated Households 2020 Estimated Households 0 T 25,596 109,295 0 T212,650 25,596 109,295 212,650 PEARL 2025 Projected Households 2025 Projected Households 0 T 27,185 116,270 0 T226,291 27,185 116,270 226,291 DISTRICT 2010 Census Households 2010 Census Households 0 T 16,882 83,775 0 T177,235 16,882 83,775 177,235 OLD TOWN 2000 Census Households 2000 Census Households 0 T 11,541 73,859 0 T161,506 11,541 73,859 161,506 CHINATOWN Projected Annual Growth 2020 to 2025Projected Annual Growth 2020 to 2025 - 1.2% 1.3% - 1.3% 1.2% 1.3% 1.3% HOUSEHOLDS Historical Annual Growth 2000 to 2020HOUSEHOLDS Historical Annual Growth 2000 to 2020 - 6.1% 2.4% - 1.6% 6.1% 2.4% 1.6% 2020 Est. Population Under 10 Years 2020 Est. Population Under 10 Years - 5.7% CENTRAL9.0% - 9.3% 5.7% 9.0% 9.3% 2020 Est. Population 10 to 19 Years 2020 Est. Population 10 to 19 Years - 6.0% EAST 7.7%SIDE - 8.4% 6.0% 7.7% 8.4% 2020 Est. Population 20 to 29 Years 2020 Est. Population 20 to 29 Years - 22.7% 18.0% - 15.5% 22.7% 18.0% 15.5% 2020 Est. Population 30 to 44 Years 2020 Est.