FOR SALE VINTAGE MUSTANG SITE PROPERTY HIGHLIGHTS SE McLoughlin Boulevard, Milwaukie, Oregon

Transcription

1 FOR SALE VINTAGE MUSTANG SITE SE McLoughlin Boulevard, Milwaukie, Oregon PROPERTY HIGHLIGHTS Conveniently located near Major Thoroughfares Industrial Owner Use or Redevelopment Opportunity Situated Across from Max Orange Line Terminus Potential for Multifamily Development JOY HEINECKE ADVISOR O: M: JEREMIAH WILGUS SENIOR ADVISOR O: M:

2 PROPERTY OVERVIEW VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON PROPERTY DETAILS Sale Price: $1,195,000 Commercial Building Size: Lot Size: Property Type: 4,752 SF 27,007 SF Mixed Use Zoning: C-3 Year Built: 1956 Construction: APN Numbers: Submarket: Masonry Construction , , , Milwaukie Walk Score: 57 Transit Score: 50

3 ADDITIONAL EXTERIOR PROPERTY PHOTOS VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON

4 PROPERTY MAP VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON TriMet - Max Orange Line Terminus Access Point SUBJECT PROPERTY (0.62 Acres) C-3 Zoning Access Point TriMet Parking

5 AERIAL MAP VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON SUBJECT PROPERTY SE 27th Ave SE Park Ave SE 31st Ave

6 PROPERTY MAP VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON SUBJECT PROPERTY

7 PARCEL MAP VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON SUBJECT PROPERTY

8 CLACKAMAS COUNTY ZONING MAP VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON Subject Property

9 CLACKAMAS COUNTY C-3 ALLOWED USES VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON Assembly Facilities, Civic and Cultural Facilities Daycare Services/School Fitness Facilities Hospitality Housing Manufacturing Offices Outpatient Clinics Parking Parks Research Facilities and Laboratories Retailing Services Storage C-3 ZONING ALLOWED USES including auditoriums, churches, community centers, convention facilities, exhibition halls, fraternal organization lodges, senior centers, and theaters for the performing arts, including auditoriums, churches, community centers, convention facilities, exhibition halls, fraternal organization lodges, senior centers, and theaters for the performing arts Adult and Children (Nursing home is not permitted) Including athletic clubs, exercise studios, gymnasiums and health clubs, sports as basketball, dance, gymnastics, martial arts, racquetball, skating, soccer, swimming, and tennis. These facilities may be used for any of the following: general recreation, instruction, practice, and competitions Hotels, Motels, Bed and Breakfast Residences and Inns Single family to multifamily including the mechanical, physical, or chemical transformation of materials, substances, or components into new products; and the assembly of component parts. Primary processing of raw materials is prohibited including administrative, business, corporate, governmental, and professional offices. Examples include offices for the following: accounting services, architectural services, business management services, call centers, employment agencies, engineering services, governmental services, income tax services, insurance services, legal services, manufacturer s representatives, office management services, property management services, real estate agencies, and travel agencies both of which may include associated pharmacies and laboratories for healthcare services, such as acupuncture, chiropractic, counseling, dental, massage therapy, medical, naturopathic, optometric, physical therapy, psychiatric, occupational therapy, and speech therapy. Parking Lots & Parking Structures including amphitheaters; arboreta; arbors, decorative ponds, fountains, gazebos, pergolas, and trellises; ball fields; bicycle and walking trails; bicycle parks and skate parks; boat moorages and ramps; community buildings and grounds; community and ornamental gardens; courtyards and plazas; equine facilities; fitness and recreational facilities, such as exercise equipment, gymnasiums, and swimming pools; miniature golf, putting greens, and sports courts; nature preserves and wildlife sanctuaries; picnic areas and structures; play equipment and playgrounds; tables and seating; and similar recreational uses. Accessory uses to a park may include concessions, maintenance facilities, restrooms, and similar support uses. including medical laboratories, medical research, product design and testing, and product research and development whether by sale, lease, or rent of any of the following new or used products: apparel, appliances, art, art supplies, beverages, bicycle supplies, bicycles, books, cameras, computers, computer supplies, cookware, cosmetics, dry goods, electrical supplies, electronic equipment, firewood, flowers, food, furniture, garden supplies, gun supplies, guns, hardware, hides, interior decorating materials, jewelry, leather, linens, medications, music (whether recorded or printed), musical instruments, nutritional supplements, office supplies, optical goods, paper goods, periodicals, pet supplies, pets, plumbing supplies, photographic supplies, signs, small power equipment, sporting goods, stationery, tableware, tobacco, all-terrain vehicles, automobiles, light trucks, motorcycles, and snowmobiles, boats; heavy trucks such as dump trucks, moving trucks, and truck tractors; large cargo trailers such as semitrailers; large construction equipment such as backhoes and bulldozers; large farm equipment such as tractors and combines; large forestry equipment; large mineral extraction equipment; manufactured dwellings; recreational vehicles; and residential trailers Personal and convenience, studio, information, maintenance and repair, food and beverage, construction, car-wash, business Mini-storage/self-storage facilities, commercial storage of all-terrain vehicles, automobiles, light trucks, motorcycles, and snowmobiles, boats; heavy trucks such as dump trucks, moving trucks, and truck tractors; large cargo trailers such as semitrailers; large construction equipment such as backhoes and bulldozers; large farm equipment such as tractors and combines; large forestry equipment; large mineral extraction equipment; manufactured dwellings; recreational vehicles; and residential trailers

10 DEMOGRAPHICS VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON DEMOGRAPHICS DATA 1 mile 3 miles 5 miles Total Households 5, , ,094 Total Population 11,564 98, ,448 Persons per Household Average Household Income $59,024 $75,486 $74,788 Average House Value $305,582 $360,083 $374,290 Average Age Average Age (Male) Average Age (Female)

11 ABOUT THE CITY OF MILWAUKIE VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON Milwaukie, Oregon is a city in the state of Oregon. As of 2016, there were 20,291 people, 8,561 households, and 5,282 families residing in the city. The population density was 4,256.5 people per square mile. There were 8,988 housing units at an average density of 1,867.1 per square mile. Top Employers Unified Grocers PCC Structural RM International N. Clackamas School District Meggitt OECO Safeway Warn Industries The city is within the TriMet transit district and is served by several TriMet Bus lines. In addition, TriMet's MAX Light Rail service was extended to Milwaukie on September 12, 2015, connecting Portland to Milwaukie via light rail. Currently the downtown area of Milwaukie is undergoing a revival in which new apartments and retail space are under construction and a riverfront park is being developed. Existing attractions include a Sunday farmers' market, restaurants, coffee shops and stores. 11.9% $335,200 20,291 Population Growth ( ) Median Home Value 2016 Population

12 ABOUT CLACKAMAS COUNTY VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON Manufacturing 13% Professional and Business Services 13% Leisure and Hospitality 11% Education and Health Services 15% 2015 Clackamas County Private Industry Employment Construction 8% Financial Activities 5% Other Services 5% Natural Resources and Mining 3% Information 2% Trade, Transportation and Utilities 25% Clackamas County is a county in the U.S. state of Oregon. As of the 2010 census, the population was 375,992, making it Oregon's thirdmost populous county. Its county seat is Oregon City. The county was named after the Native Americans living in the area, the Clackamas Indians, who were part of the Chinookan people. Clackamas County is part of the Portland-Vancouver-Hillsboro, OR-WA Metropolitan Statistical Area. It is in the Willamette Valley. As of the 2010 United States Census, there were 145,790 households, and 100,866 families residing in the county. The population density was inhabitants per square mile. There were 156,945 housing units at an average density of 83.9 per square mile. The median income for a household in the county was $62,007 and the median income for a family was $74,905. Males had a median income of $53,488 versus $39,796 for females. The per capita income for the county was $31,785. About 6.1% of families and 9.0% of the population were below the poverty line, including 11.2% of those under age 18 and 6.2% of those age 65 or over.

13 ABOUT THE CITY OF MILWAUKIE VINTAGE MUSTANG BUILDING MIXED USE MILWAUKIE, OREGON 60 Light Rail Miles TriMet, Portland metro s public transit agency. The Portland metro area is well served by an outstanding public transit system that is centered around light rail lines and buses. The downtown core is served by the Portland Streetcar. The 3.9-mile NS Line runs from Northwest Portland to the South Waterfront via Downtown and the Pearl District. The Loop Service, which opened in September 2012 as the Central Loop (CL Line), runs from Downtown to the Oregon Museum of Science and Industry via the Pearl District, the Broadway Bridge across Willamette River, the Lloyd District, and the Central Eastside Industrial District and added 3.3 miles of route. In September 2015 the line was re branded as the Loop Service, with the A Loop traveling clockwise, and the B Loop traveling counter clockwise. The two-route system serves some 20,000 daily riders. The MAX system are the light rail lines which currently consists of five lines, each line is designated by an unique color. The system currently stretches 60 miles with a total of 97 stations with an average 116,800 riders per day. The Portland Aerial Tram is a public and operated as part of Portland s public transportation network. It is a unique aerial tramway that connects the City of Portland s South Waterfront district to the main Oregon Health & Science University campus Million 17 Bus Routes Commuter Rails Miles Annual Ridership Trips Transit Centers

14 DISCLAIMER VINTAGE MUSTANG BUILDING INDUSTRIAL MILWAUKIE, OREGON The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

15 JOY HEINECKE ADVISOR O: M: JEREMIAH WILGUS SENIOR ADVISOR O: M: Lincoln Tower SW Greenburg Road, Suite 530 Portland, OR ph: