FOR SALE > Pacific Medical Building 545 SE OAK STREET, SUITE C HILLSBORO, OR 97123 Irfan Tahir Senior Vice President +1 503 499 0098 NOW ACCEPTING OFFERS! [email protected] table of contents INVESTMENT HIGHLIGHTS / 3 THE PROPERTY / 6 MARKET OVERVIEW / 9 OFFERING PROCEDURE / 16 FOR SALE > 545 SE OAK STREET 2 investment highlights FOR SALE > 545 SE OAK STREET 3 INVESTMENT SUMMARY Colliers International is pleased to present the opportunity to purchase 545 SE Oak Street, Suite C (“the Property) in downtown Hillsboro, Oregon This medical condominium is situated just a block from Tuality Healthcare’s Community Hospital with over 160 beds. Tuality, an OHSU partner, is a flourishing not-for-profit, independent, community- governed health care system serving the general western Washington County ADD’L SE Baseline Street community. Tuality owns many of the PARKING neighboring properties, of which many are currently used for surface parking but will eventually be developed. SUBJECT In addition to its proximity to this SE Oak Street prominent hospital, the property is one block away from a City of Hillsboro proposed mixed-use development. • One block away from City of Hillsboro full block mixed use development • Two blocks from the Pacific University SE 5th Street Health Profession campus. FOR SALE > 545 SE OAK STREET 4 PROPERTY SUMMARY Location 545 SE Oak Street Hillsboro, OR 97123 Direct Offering Direct ownership of parcel #1S206BA-90003 comprising approximately 3,344 SF medical offices on a 3,450 SF lot. Common Area Offering includes tenancy in common interest in additional ±13,721 square feet of adjacent and auxiliary parking area. Zoning SCC-DT - Station Community Commercial Downtown Number of Stories 1 SCC-DT Zoning The SCC-DT zone is a mixed use zone intended to create a downtown core that is a vibrant and active place, with shopping, dining, entertainment Year Built 1986 venues, arts and cultural experiences, civic activities and spaces and public gathering places supported by existing and new residents, employees and students living and working in and around the historic core. FOR SALE > 545 SE OAK STREET 5 the property FOR SALE > 545 SE OAK STREET 6 PROPERTY SUMMARY FOR SALE > 545 SE OAK STREET 7 FLOORPLAN LUNCH RECEP- WAITING BOOK- TION KEEPING OFFICE TRANSCR- IPTION X-RAY EKG OFFICE NURSES OFFICE EXAM EXAM EXAM EXAM FOR SALE > 545 SE OAK STREET 8 about hillsboro FOR SALE > 545 SE OAK STREET 9 THE PORTLAND ADVANTAGE #1 Moving Destination 4.3% Unemployment 95,000 + of all US states Rate (MSA) Tech Employees Highest % of Bike 530+ Square Miles 45.5% with a Bachelor’s Commuters of Any Served by Public Degree or Higher US City Transport FOR SALE > 545 SE OAK STREET 10 ECONOMY Nestled at the confluence of the Willamette and Columbia Rivers in northwestern Oregon, lies the city of Portland, nicknamed the Rose City, The City of Roses, and Portland Stats “Beervana” because it has more micro-breweries inside the city limits than any other city in the world. #1 Named the “food and drink capital of Once reliant on timber, fishing and agriculture, Portland’s diversified economy America” - The Telegraph (2016) now includes technology, healthcare and education with a special emphasis on clean technology, advanced manufacturing, software and active wear. Fortune 1,000 companies Nike (#115), Precision Castparts (#322), Stancorp Financial Group (#755) and Schnitzer Steel (#803) call Portland home. Providence, #2 Legacy and Kaiser support a combined 33,863 jobs, underscoring the importance Nationally in High-Tech GDP Con- of the healthcare industry to the Portland-Vancouver-Hillsboro MSA. And centration straddling the healthcare and education sectors is the Oregon Health & Science University (OHSU). With over 13,000 employees and approximately 3,000 students, this nationally renowned public university is one of the nation’s top 20 #3 biomedical research facilities. on ULI’s Overall Real Estate Markets to Watch in 2017 POPULATION The City of Portland accounts for more than one quarter of the PMSA’s #8 approximately 2.3 million residents. It is the 29th largest city in the country. “World’s best cities for Millennials” - Matador Network (2016) The metro area’s median age is 37, a year younger than both San Francisco’s and Philadelphia’s. TOP 10 Population is projected to reach 2.8 million by 2025. U.S. Destinations for Solo Travel - FlipKey (2016) FOR SALE > 545 SE OAK STREET 11 EMPLOYMENT The Brookings Institutes’s January 2017 Metro Monitor composite index ranks the 100 largest MSA’s across job growth, unemployment, gross product range and home prices. Portland ranked 30th for overall growth and also compares favorably to other top metropolitan areas. 6th in net inbound population growth (Allied Van Lines 2016). 7th in employment rate with a 8.1% increase over the past five years. 8th in average wage with a 8.5% increase over the past five years. 14th in jobs at young firms with a 15.3% increase over the past five years. 28th in jobs with a 13% increase over the past five years. Portland’s Largest Employers 8,500 Employees 17,400 Employees 19,500 Employees 4,400 Employees 15,400 Employees 11,200 Employees 10,300 Employees 3,900 Employees FOR SALE > 545 SE OAK STREET 12 A HIGHLY DESIRABLE GATEWAY CITY DIVERSE TENANT BASE WELL EDUCATED “ We looked at a number of WORKFORCE cities across the US and chose Portland for several reasons, including its talent pool and proximity 45.5% of workers have a to our headquarters in BA or higher San Francisco.” 12.8% of workers have WHO IS MOVING TO PORTLAND? graduate degrees EDUCATION WHO IS MOVING TO PORTLAND 4.3% Unemployment Rate 12,000 10,000 9,720 41% are Millennials Median Household income of 8,000 $60,300/year 6,122 6,000 4,516 3,809 4,108 45.5% 4,000 3,206 2,416 3.0% YOY Job Growth OF WORKERS HAVE A 2,000 10% increase over 2007 in terms of # of residents BACHELORS DEGREE OR 0 HIGHER with BA or higher – a Portland Metro Estimated Population pace that is faster than San Francisco, Seattle, Growth of 725,000 residents by 2035 and San Jose. 12.8% Children (0-17) Retirees (65+) College Age (18-24) Late Career (55-64) Root-Setting (25-34) OF WORKERS HAVE A Peak Working Peak(35-44) Earning (45-54) GRADUATE DEGREE UNEMPLOYMENT RATE MEDIAN HOUSEHOLD INCOME 56 10% INCREASE 4.3% $60,300 OVER 2007 IN TERMS OF YOY JOB GROWTH PORTLAND METRO ESTIMATED # OF RESIDENTS WITH POPULATION GROWTH BY 2035 BA OR HIGHER - A PACE THAT IS FASTER THAN SAN FRANCISCO, SEAT- TLE AND SAN JOSE. 3.0% 725,000 FOR SALE > 545 SE OAK STREET 13 AWARD-WINNING TRANSIT “PORTLAND MIGHT BE THE MOST WALKING, BIKING, AND PUBLIC TRANSIT FRIENDLY CITY 11.9% OF ON THE WEST COAST.” COMMUTERS - WALKSCORE.COM TAKE PUBLIC TRANSPORTATION (Ranked Top 10 Transit Friendly City by WalkScore.com) 7.2% OF COMMUTERS BIKE TO 5.7% OF WORK COMMUTERS (Highest in the Nation) WALK TO WORK (U.S. average of 2.9%) NEARLY 60 MILES OF MAX LIGHT RAIL THROUGHOUT THE REGION #1 AIRPORT IN AVERAGE COMMUTE TIME THE NATION OF 24.2 MINUTES (Ranked by Travel + (Below National Average) Leisure - 2013-2015) FOR SALE > 545 SE OAK STREET 14 LOCAL DEMOGRAPHICS DISTANCE TO/FROM PROPERTY 1 MILE 3 MILE 5 MILE 2017 Total Population: 20,051 70,918 130,810 2022 Population: 21,431 75,870 140,330 Pop Growth 2017-2022: 6.88% 6.98% 7.28% Average Age: 34.6 35.6 35.5 HOUSEHOLDS 2017 Total Households: 6,300 23,521 45,645 HH Growth 2017-2022: 6.94% 7.01% 7.46% Median Household Inc: $44,587 $72,568 $70,556 Avg Household Size: 3 2.9 2.8 CONSUMER EXPENDITURES 545 SE Oak Street Median Home Value: $239,016 $275,312 $265,956 Median Year Built: 1974 1986 1991 FOR SALE > 545 SE OAK STREET 15 offering procedure FOR SALE > 545 SE OAK STREET 16 OFFERING PROCEDURE 851 S.W. Sixth Ave., Suite 1200 Portland, Oregon 97204 OFFERING TERMS 503.223.3123 The offering of 545 SE Oak Street in Hillsboro, Oregon is being conducted exclusively by Colliers International. All questions and inquiries should be directed to the Colliers representative listed in this memorandum. The property is being PROPERTY TOURS AND offered without an asking price. Colliers will be available to assist prospective ADDITIONAL INFORMATION investors with their review of the offering. On-site inspections of the property and tours of the market area can be arranged directly with Colliers. For additional information and a tour of the property contact: OFFER DATE The due date for initial offers is to be determined. Interested parties will receive a IRFAN TAHIR “Call for Offers” email. Senior Vice President 503 499 0098 [email protected] OFFER PROCESS We request that interested parties submit a formal Letter of Intent (“LOI”) to the offices of the Exclusive Advisor Irfan Tahir of Colliers International on the Offer Date, outlining the relevant points by which they intend to purchase the Property including: • Purchase Price • Closing Period • Due Diligence Period and Contingencies • Internal Approvals • Deposit • Company Background and • Terms - All Cash or Subject to Financing Financial Capacity FOR SALE > 545 SE OAK STREET 17 FOR FURTHER INFORMATION CONTACT 851 S.W. Sixth Ave., IRFAN TAHIR Suite 1200 Senior Vice President Portland, Oregon 97204 [email protected] 503.223.3123 +1 503 499 0098 FOR SALE > 545 SE OAK STREET 18.