FOR SALE. Mt. Bachelor Drive Commercial Land Bend, Oregon. Jenn Limoges JD Ponciano

Transcription

1 FOR SALE Mt. Bachelor Drive Commercial Land Bend, Oregon Walt Ramage JD Ponciano Jenn Limoges limoges@naicascade.com

2 Commercial Development COCC Campus Land Village 1150 SW Mt. Bachelor Drive 2.32 Acres Parcel 2 Tax Lot SW Mt. Bachelor Drive 2.33 Acres Parcel 3 Tax Lot 1802 Walt Ramage wramage@naicascade.com JD Ponciano jponciano@naicascade.com Jenn Limoges jlimoges@naicascade.com 2

3 Commercial Development COCC Campus Land Village Property Features & Location 4.65 Acres of relatively flat Mixed-Urban zoned land along NW Century Drive, the gateway to Mount Bachelor Ski Resort. Two separate tax lots comprising 4.65 Acres East Parcel Acres West Parcel Acres Excellent SE views of Deschutes River, Pilot Butte State Scenic Viewpoint and the Old Mill District Shops. Price $4,580,000 $4,000,000 Address Property Type Map & Tax Lot Zoning Land Area Utilities 1100 & 1150 SW Mt. Bachelor Drive, Bend, Oregon Deschutes County Commercial Development Land D & D Commercial Limited (CL); Approved for Mixed-Use Urban (MU) on the City of Bend Comprehensive Plan 4.65 Acres; Parcel 2 = 2.33 Acres, Parcel 3 = 2.32 Acres All utilities provided to the site Subject Subject Across the street from Oregon State University (OSU) Cascades Campus, a 56-Acre Four-Year Campus. Adjacent to Pine Ridge Inn and Haul Trail, a biking, walking and running trail connecting Riverbend Park to the SW Century Drive United States Forest Service (USFS) Cascades Lakes Welcome Center. A part of the Bend Central Westside Plan, coordinated to fund transportation infrastructure integrating walking, bicycling, driving, and transit transportation. 3

4 OSU COCC COCC Cascades Campus Campus Campus Village Village Subject Property Area Source: OSU Cascades. February 21, 2017 Presentation: Preferred Campus Plan FOR ADDITIONAL OSU INFORMATION VISIT Source: 2/21/2017 Presentation: Preferred Campus Plans 4

5 Mixed-Use Urban (MU) Central Westside COCC Campus Plan & Village Mixed-Use 255 NW Campus Village Urban Zone The Mixed-Use Urban Zone is intended to provide opportunities for vibrant mixed-use centers and districts in areas with high-quality connectivity to and within the area. It is intended to allow for a denser level of development of a variety of commercial and residential uses than in surrounding areas with an emphasis on retail and entertainment uses at the street level. It is intended to provide for development that is supportive of transit by encouraging a pedestrian-friendly environment. The Mixed-Use Districts are intended to provide a balanced mix of residential and employment opportunities to create focal points of activity in the form of mixed-use centers, nodes, or corridors. The Mixed-Use Districts support service commercial, employment, and housing needs of a growing community. The Mixed-Use District standards are based on the following principles: Ensure efficient use of land and public services. Create a mix of housing and employment opportunities. Provide transportation options for employees and customers and reduce reliance on the automobile. Provide business services close to major employment centers. Ensure compatibility of mixed-use developments with the surrounding area and minimize off-site impacts associated with development. Create economically successful mixed-use centers and transit corridors. Source: City of Bend Zone Code. 5

6 Property Photos COCC Campus Property Village Photos 255 NW Campus Village North View- OSU-Cascades Campus East View- Pine Ridge Inn. West View Entering Property. West View- Paved PrivaLIHGOLIUHte Drive to Mt. Bachelor Drive South View- Deschutes River South View- Overlooking the Deschutes River. 6

7 BEND OREGON Bend, Oregon COCC Campus Profile Village 255 NW Campus Village The Lifestyle City Cultivating Tomorrow s Economy As Oregon s largest city east of the Cascade Mountains, Bend is the commercial, recreational, and innovation center of Central Oregon. Renowned for its scenic setting and year-round recreational activities, the city is rapidly becoming known for its growing economy and entrepreneurial spirit. Bend s expanding industries include software and high tech, bioscience, outdoor recreation products, aviation, manufacturing, craft brewing and distilling. Bend s Economy Bend s economy is defined by dynamism, entrepreneurship, and diverse businesses that span many sectors. Manufacturing, long the region s economic core, now shares the limelight with software and high tech, craft brewing, bioscience, recreational products, aviation-related enterprises, distilling operations, food production, and, of course, tourism. Add in Bend s skilled workforce, attractive incentive packages, competitive tax environment, robust infrastructure and you ve got unrivaled quality of life and business opportunity. As a result, Bend-Redmond ranked 8th on the Milken Institute s 2015 list of Best Performing Small Cities. Entrepreneurial Landscape In December 2015, Bend-Redmond climbed 38 spots to finish in eighth place on the Milken Institute s list of Best Performing Small Cities. Led by its vibrant tourism industry, Bend finished third among small metros in one-year job growth ending in 2014, outpacing the national average by 4 percentage points during that period. More recent job momentum points to an expanding economy, with the metro recording the third-fastest overall job gains in the nation over the 12 months ending in August (Source: Milken Institute). The next highest-ranking Oregon small metro was Medford at 28th. Urban Growth Boundary (UGB) As of November 15, 2016, the City and State have approved Bend s Urban Growth Boundary (UGB) expansion process that will bring approximately 2,380 acres of land to the City of Bend for employment and housing. Source: EDCO (Economic Development of Central Oregon) Population 86,470 Median Age QUICK FACTS 5 Mile Radius 40.8 years Labor Force 39,246 Avg. Home Price $317,735 Avg. Household Income $ Median Household Income $52,851 Total Households 35,588 Total Housing Units 40, Bend, OR Notable Press Releases: OSU-Cascades opens as Oregon s first new public university in 50 years: /osu-cascades-opens-oregon%e2%80%99s-firstnew-public-university-50-years New SE Bend St. Charles Hospital Campus: Bend, Ore., Heads The Best Small Cities For Business And Careers Forbes Magazine: /10/19/bend-ore-heads-the-best-small-citiesfor-business-and-careers-2016/#220b1e07d0e0 7

8 NAI Cascade Commercial Local Knowledge. Global Reach. NAI Cascade is the market-leading commercial real estate brokerage company providing exceptional service and expertise in Central Oregon. We work with clients who have multifaceted needs and value our expertise, creativity, and responsiveness. Our clients count on us to tell them what they need to know not what they hope to hear. We are honored by the trust they place in us year after year. Being a member of the NAI Global network keeps us on the cutting edge of real estate and provides worldwide opportunities for our clients. Our strong ties to our local community and our global reach provide a holistic understanding of business cultures and economic environments. COCC Campus Disclaimer COCC Village Campus Village 255 NW Campus Village Way Bend, Oregon (Deschutes County) This Flyer has been prepared by NAI Cascade for use by the principal ( Principal ) to whom NAI Cascade has provided this document. The use of this Flyer and the information provided herein is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by Broker and executed by Principal prior to delivery of this Flyer. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Flyer or any other written or oral communication or information transmitted or made available to the recipient of this Flyer. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Flyer, the information contained herein or any other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made available upon written request by interested and qualified prospective purchasers. Owner expressly reserves the right, exercisable in Owner s sole and absolute discretion, to withdraw the Property from being marketed for purchase at any time and for any reason. Owner and Broker each expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this Flyer or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered and approved by Owner and the other party thereto and any conditions to Owner s obligations hereunder have been satisfied or waived. Experience innovative commercial real estate solutions through consulting, investment sales, leasing, and opinions of value, without pretense. Experience NAI Cascade. Walt Ramage wramage@naicascade.com JD Ponciano jponciano@naicascade.com Jenn Limoges jlimoges@naicascade.com 8

9 FOR SALE $4,580,000 $4,000,000 Commercial Land in Bend, Oregon NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. 9