FOR SALE $3,800,000. Southeast Martin Luther King Central Eastside INVESTMENT REDEVELOPMENT OPPORTUNITY

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1 FOR SALE Southeast Martin Luther King Central Eastside INVESTMENT REDEVELOPMENT OPPORTUNITY $3,800, SE MLK JR BLVD, OREGON SALE PRICE: $3,800,000 LEASE RATE: $1.00 PSF, NNN 30,000 TOTAL SF 10,000 SF 1ST FLOOR, 2ND FLOOR AND BASEMENT. 10,000 SF EX ZONED LAND PARCEL 34,000 CARS PER DAY TRAFFIC COUNTS ON MLK TODD DENEFFE SE 14th Avenue, Portland, Oregon 97202

2 PROPERTY INFO: This 30,000 SF multi-story has many possibilities for an owner/user or developer looking to add value. Located in one of the most rapidly gentrifying and dynamic commercial MALLORY SAFETY SUPPLY CO. WELLS FARGO HILTI PLATT SIGNS NOW SIGN WIZARDS NEW DIMENSION COLLISON REPAIR REJUVENATION FIGLIA AMERICANA PAULSON S FLOOR COVERINGS MR. FORMAL ACME WELDING BODY SHOP sub-markets in the city and arguably on the west coast the Central Eastside where over $600 million of commercial real estate investment has and is taking place. The Central Eastside is quickly becoming a vibrant 24-7 neighborhood PRATT & LARSON TILE & STONE SRM ARCHITECTURE & MARKETING ACME CONSTRUCTION SUPPLY CO SITE COLUMBIA BANK MR. FORMAL GENZE SPARTAN SHOP WILDFANG KNEZ BUILDING MATERIALS TIGHT TACOS BEE LOCAL JACOBSEN SALT CO. A1 SELF STORAGE with over 3000 apartments and 650,000 SF of new offices. With open 10,000 SF floorplates and the city s best zoning of General Employment; 200 height limits and a 6:1 floor TAPPEN STUDIOS CENTER FOR THE ARTS PDX TANAMI PORTALND INDOOR SOCCER TOY MUSEUM COAVA COFFEE THE WORKS URBAN TIMBERWORKS DENALI FURNITURE RENATA ANCIENT HERITAGE DAIRY ALMA TRAINING FOR WARRIORS to area ration, this building could accommodate a wide array of uses from smaller maker spaces; pure office or loft residential. Located in the desirable area between the HAWTHORNE BRIDGE ON-RAMP Hawthorne and Morrison Bridgeheads with great access to downtown, this property lies along the best commercial corridor of the Central Eastside ; Martin Luther King Boulevard. It has a mix of flexible occupancy classifications. Ownership is flexible to allow a straight sale; seller- WHAT 1206 SE MLK COULD BE... TRAFFIC COUNTS (2017) SE GRAND AVE 33,600 VPD SE MLK JR BLVD 33,600 VPD financing or a long term lease with options to purchase during the lease term. Owner is willing to spend TI dollars for strong long-term tenant.

3 NEARBY DEVELOPMENTS/INVESTMENTS IN CENTRAL EASTSIDE PROPERTY PROJECT DEVELOPER STATUS ESTIMATED VALUE District Office 555 SE MLK 90,000 SF Creative Office Beam Development & UDP Under Construction $30 Million Grand / Belmont 514 SE Belmont 131 Apartments Ground Floor Retail Urban Asset Advisors Under Construction $40 Million Platform 1111 SE MLK 140,000 SF Offices Project ^ Planning $45 Million Weatherly Building 516 SE Morrison 70,000 SF Offices Renovation Unico Planning $30 Million

4 AERIAL & DEMOGRAPHICS RUNNING & WALKING PUFFLE WAFFLE GRAND CENTRAL BOWLING PIPS & BOUNCE PEPPER BOX CAFE CASCADE BREWING BARREL HOUSE HAIR OF THE DOG BREWING TERRAMAI PDX RIVER CITY BICYCLES MODERN TIMES BREWERY AFURI ROGUE EASTSIDE PUB MARKET OF CHOICE EAST BANK COMMERCE CENTER WATER AVE COFFEE BOKE BOWL PLAZA DEL TORO GUARDIAN GAMES RODDA PAINT URBANITE SPEAKEASY TAVERN DOSHA NATIONAL BUILDERS HARDWARE ANIMAL TRAFFIC WELLS FARGO SIGN WIZARDS REJUVENATION MR. FORMAL NEW FOODS KITCHEN FOOD CORPS CROSSFIT MAGNUS RATIO COFFEE BABYGIRL BOUTIQUE PRATT & LARSON TILE & STONE SITE ACME CONSTRUCTION GENZE WILDFANG TIGHT TACOS BEE LOCAL KOKIYO TERIYAKI GUITAR ACADEMY NEW DEAL DISTILLERY COAVA HOOK AND NAIL TANAMI COAVA DENALI FURNITURE RENATA WHITE OWL SOCIAL CLUB APPAREL LAB SUGAR STREET BAKERY NORANEKO DENNIS UNIFORM EASTSIDE GRAPPLING MULTNOMAH COUNTY OFFICES DEMOGRAPHICS (2018) 0.5 MILE 1 MILE 3 MILE TAQUERIA LA MERCED COMMUNITY COLLEGE CLIMB CENTER SIMPLE STACKED SANDWICH SHOP BURGER KING MARION S CARPETS O REILLYS POPULATION 2,110 20, ,795 HOUSEHOLDS 1,236 10, ,849 MEDIAN AGE AVERAGE HOUSEHOLD INCOME $52,199 $75,383 $104,570 TOTAL EMPLOYEES 12,022 87, ,780

5 CENTRAL EASTSIDE, AT A GLANCE... TWO LARGE TECHNOLOGY COMMITMENTS: SIMPLE- 70,000 SF AUTODESK-100,000 SF 650,000 SF OF OFFICES PLANNED OR UNDER CONSTRUCTION OVER $600 MILLION IN NEW DEVELOPMENT FROM LOWEST VACANCY RATE IN CITY FOR OFFICE/INDUSTRIAL 2,000 JOBS ADDED SINCE 2012 FASTEST RISING LAND/BUILDING VALUES IN THE CITY ,750 APARTMENTS BUILT WITH 1,400 UNITS UNDER CONSTRUCTION

6 CENTRAL EASTSIDE The Central Eastside is undergoing a steady and sustained renaissance mixing the boundless energy of technology, design, engineering, food/beverage and makers and creators of all types to quickly become one of most dynamic and emergent commercial neighborhoods on the West Coast. Having added over 2000 jobs in the last 6 years to 15,000 who already live, work, create, build and innovate, the Central Eastside is full of potential and just hitting its stride. With 3000 new apartments and 500,000 SF office and creative space completed or under construction it is place of phenomenal opportunity. Portland s Central Eastside is the place to be. Paying homage to its industrial roots and smartly using its vintage warehouse building stock mixed with cutting edge and eclectic new development, the Central Eastside is attracting some of the best and brightest (and more fun) aspects of the creative class. It would be hard to find more diverse mix of entrepreneurship, culture and energy in such a compact and accessible area of a major city. New York Times 2017.