SW DARTMOUTH & 72 ND

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1 1.69 AC FO SALE I TIGAD O: SW DATMOUTH & 72 D MULTIFAMILY HOTEL OFFICE ETAIL OOTUITY VETICAL HOUSIG TAX CEDIT OTETIAL - ULIMITED FA - WITHI OOTUITY ZOE 1.69 ACES *ET AEA (73,589 SF) $3,300,000 $44.84 per SF LOCATED AT SW DATMOUTH ST & 72D AVE DEVELOMET LAD I THE HEAT OF THE TIGAD TIAGLE - FLEXIBLE ZOIG rincipal Broker 2839 SW 2nd Avenue, ortland O, LEASE COTACT: GEOGE LAMUS (office) glampus@reig.com rincipal Broker Has Ownership Interest in this roperty GEOGE. DIAMOD (office) (cell) gdiamond@reig.com ICHOLAS G. DIAMOD (office) (cell) ndiamond@reig.com Licensed in the State of Oregon

2 1.69 AC DEVELOMET LAD I THE TIGAD TIAGLE EGAL CIEMAS TIGAD 11 EW ETAIL DEVELOMET WALMAT ACHO MEDICAL DEVELOMET FUTUE DELIVEY EDIATIC ASSOCIATES OF THE OTHWEST TUALATI VALLEY FIE & ESCUE EW ETAIL DEVELOMET storefront space IDEAL AATMET, hotel, office or retail OOTUITY Multifamily Housing and Hotels ermitted Vertical Housing Tax Credit otential Unlimited FA - 6 Story Height Limit Located in the Opportunity Zone e-zoned as Tigard Triangle (TT) for Flexible Uses Seconds to ew Walmart, Costco, Office Max, Winco, egal Cinemas & ew etail Close to Main St. in Tigard and Trimet WES Surrounded by I-5, SW HWY 99 Beaverton-Tigard Highway AGE 2

3 1.69 AC DEVELOMET LAD I THE TIGAD TIAGLE MAJO ETAIL ACCESS MAJO ETAIL ACCESS SW 72D AVE SW DATMOUTH ST The City of Tigard has recently approved the Tigard Triangle Lean Code hase II rezoning initiative applicable to most of the land within the Tigard Triangle s nearly 500-acre area. To see details of the new Lean Code hase II, full zoning specifications, zoning maps and overview of the Tigard Triangle Lean Code, please visit: SITE AEIAL AGE 3

4 SW 72D AVE SW DATMOUTH ST TAX LOTS AGE 4

5 SITKA CT 78TH AVE Map B Tigard Triangle Transportation etwork HALL BLVD Tigard Triangle Comprehensive lan and Zoning Designations 85TH AVE LUCILLE CT 84TH AVE STEVE ST THO ST General Commercial (C-G) Zone STEVE ST Triangle Mixed-Use (TMU) Zone 83D AVE 82D AVE Tigard Triangle 81ST AVE FAFFLE ST FAFFLE ST 80TH AVE 79TH AVE SUCE ST 75TH AVE 74TH AVE IE ST SUCE ST 72D AVE ACIFIC HWY 72D AVE 71ST AVE 68TH KWY C OOADO ST ALLAY CT B. Exemptions. 1. The following types of development are exempt from all standards and procedures of this chapter: a. Operation, maintenance, and repair of existing public facilities. b. ublic capital improvement projects undertaken by the city. c. Maintenance and repair of existing buildings or site improvements. d. Improvements to existing buildings or site improvements to bring them into compliance with applicable federal and state accessibility requirements. GADE L 99W S ATLATA ST BAYLO ST 68TH KWY 68TH KWY. CLITO ST CLITO ST ATLATA ST BAYLO ST HAIES ST e. econstruction of a building following partial or total accidental destruction when all of the following criteria are met: iv. The reconstructed building has a gross floor area no larger than the structure that was destroyed. DATMOUTH DATMOUTH ST ST v. The use of the building remains the same as the use that existed before the building was destroyed. GADE L KOLL D HUZIKE D HUZIKE HUZIKE D WALL ST 217 S D 77TH L CESTVIEW ST VAS ST VAS ST HEMOSO WAY ELMHUST ST BEVELAD D GOZAGA ST HAMTO ST 69TH AVE 69TH AVE BEVELAD D HAMTO ST 70TH AVE 68TH AVE FAKLI ST 67TH AVE 66TH AVE 66TH AVE 5 DOUGLAS D SOUTHWOOD D 64TH AVE 63D AVE AMELA ST vi. epairs are commenced within 1 year from the date of destruction. Commencement of repairs occurs when a required development permit has been issued. 2. If a development is not exempt from the standards and procedures of this chapter as described above, it may be exempt from some street design standards as described below. The following types of development are exempt from street frontage improvements where required by Subsection C.4, except where existing frontage improvements do not meet the city s minimum public facility standards for safety and adequacy as required by Subsection B.2.c. This exemption does not apply to right-of-way dedications where required by Subsection B.3.b. a. Construction of a new accessory dwelling unit that is less than 800 square feet in size. This exemption is subject to the limitations provided in Subsection B.3 below. b. Expansion of an existing building or construction of a new building that is less than 800 square feet in size. This exemption is subject to the limitations provided in Subsection B.3 below. CHEY D 76TH AVE FI ST FI LOO c. ew use or change of use that increases the estimated number of vehicle trips by less than 100 trips per day or has temporary impacts on the transportation system as determined by the city engineer. This exemption is for outright permitted uses only. FAOCEEK TECH 75TH L CETE D SADBUG S T 3. Limitation on exemptions. Exemptions allowed by Subsections B.2.a and B.2.b above are limited to one exemption every 3 years. The 3-year period starts from the date the city issues an occupancy permit or final inspection for the expanded, converted, or new buildings exempted under B.2.a and B.2.b above. Subsequent buildings that exceed the square footage threshold within the 3-year timeframe are not exempt. D Tigard Triangle lan District Code Update: 2017 SUBJECT OETY ZOIG & DEVELOMET MAS AGE 5

6 sw corridor max light rail The proposed Trimet MAX light rail route from ortland through the southwest corridor to Bridgeport was recommended as of August 2018 to include a stop on SW 70th and SW Elmhurst - approximately 2 blocks from the subject property. TIGAD TIAGLE SUBJECT OETY AIL STATIO AGE 6

7 Use Category esidential Household Living Group Living Transitional Housing Civic Basic Utilities Colleges Community Service Cultural Institutions Day Care Emergency Services Medical Centers ostal Service eligious Institutions Schools Social/Fraternal Clubs/Lodges Commercial Commercial Lodging Custom Arts and Crafts Eating and Drinking Establishments Major Event Entertainment Outdoor Entertainment Indoor Entertainment Adult Entertainment Sales-Oriented etail ersonal Services epair-oriented etail Bulk Sales Outdoor Sales Animal-elated Commercial Motor Vehicle Sales/ental Motor Vehicle Servicing/epair Vehicle Fuel Sales Office Self-Service Storage on-accessory arking Industrial Industrial Services Light Industrial Table Use Table Use Type C TIAGLE MIXED-USE ZOIG The Tigard City Council voted unanimously on December 12, 2017 to rezone most of the land in the Triangle in a move to accelerate pedestrian-friendly, mixed-use development. The rezoning of this nearly 500-acre area will make it easier for property owners to develop their land. It will also help transform the Triangle into a district with far more housing and small businesses than currently exists. Development of this area with a wide range of uses is critical to Tigard achieving its vision to be a healthy, walkable, and interconnected city. Use Category Industrial (continued) General Industrial Heavy Industrial ailroad Yards esearch and Development Warehouse/Freight Movement Waste-elated Wholesale Sales Other Agriculture / Horticulture Cemeteries Detention Facilities Heliports Mining Wireless Communication Facilities Transportation / Utility Corridors Table Use Table =ermitted =estricted C=Conditional Use =rohibited Use Type Building height. The maximum allowed building height is 6 stories, except for properties shown on Map A that have a maximum allowed building height of 4 stories. Basements, as defined in Chapter 18.30, are not considered stories for purposes of meeting this standard. The height standard for each type of story is provided in Table below. Vertical building projections not used for human habitation such as chimneys, flag poles, and elevator shaft housings are exempt from the building height standards of this chapter, expect for wireless communication facilities, which are subject to the standards in Chapter Type of Story Table Height by Type of Story Height Ground story 12 feet (min.) and 25 feet (max.) Tigard Triangle lan District Code Update: 2017 Middle stories Top story 14 feet (max.) 18 feet (max.) Full Tigard Triangle lan District Document: ZOIG DETAIL AGE 7

8 1.69 AC DEVELOMET LAD Building Type WASHIGTO SQUAE MALL I THE TIGAD TIAGLE 1 Mile adius 3 Mile adius 5 Mile adius etail Space: 435,308 SF 2,069,031 SF 4,295,796 SF Office Space: 1,439,311 SF 6,302,692 SF 8,530,832 SF LICOL CETE COOATE AK ITESTATE I-5 104k SITE 102k KUSE WOODS COOATE AK EGIOAL MA AGE 8

9 1.69 AC DEVELOMET LAD 8k I THE TIGAD TIAGLE 50k SITE 14k ITESTATE I-5 104k BEAVETO-TIGAD HWY Southwest Dartmouth Street Tigard, O min drivetime 10 min drivetime 15 min drivetime 102k OULATIO 2016 Estimated opulation 112, ,363 1,012, rojected opulation 120, ,324 18k 1,078, Census opulation 106, , , Census opulation 101, , ,166 rojected Annual Growth 2016 to % LAKEIDGE 1.3% 1.3% 6k Historical Annual Growth 2000 to % HIGH SCHOOL 1.2% 1.2% 21k 2016 Est. HH Income Under $15, % 10.7% 10.3% 2016 Est. Average Household Income 24k $88,150 $92,668 $88, Est. Median Household Income $70,788 $71,885 $70, Est. er Capita Income $38,000 $40,740 $37, Est. Total Businesses 30k 8,534 31,770 57, Est. Total Employees 87, , ,423 10k Demographic Information, Traffic Counts, and Merchant Locations are rovided by EGIS Online at SitesUSA.com * 5k AEA MA AGE 9