[ FOR MORE INFORMATION ] VCC Office Condo 3669 NE John Olsen Avenue, Hillsboro, OR Un i t Feat u re s of VC C...

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Charleen Wiggins
5 years ago
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Un i t 3669 [ ] VCC Office Condo 3669 NE John Olsen Avenue, Hillsboro, OR 97124 Un i t 366 9 Feat u re s of VC C.

Fantastic location in Tanasbourne next to Highway 26 between the 185th and Cornelius Pass exits.

Tanasbourne, and the new Kaiser Hospital. Ample parking (Ratio: 3.1/1000).

ClassA building design, steelreinforced concrete walls, extensive glass. W hy le a s e w h e n yo u ca n o w n fo r le ss?

1 Un i t 3669 [ ] VCC Office Condo 3669 NE John Olsen Avenue, Hillsboro, OR Un i t Feat u re s of VC C... Venture Commerce Center (VCC) consists of 36 highquality commercial condos in 5 separate buildings. Fantastic location in Tanasbourne next to Highway 26 between the 185th and Cornelius Pass exits. In the heart of the Silicon Forest near Intel, Genentech, Verizon, Nike, easy access to great restaurants, Streets of Tanasbourne, and the new Kaiser Hospital. Ample parking (Ratio: 3.1/1000). Un i t : $759,000 Size: 2,462 SF (100% office on upper and lower level) Bui lt to la s t : 2008, full remodel ClassA building design, steelreinforced concrete walls, extensive glass. W hy le a s e w h e n yo u ca n o w n fo r le ss? Owners enjoy tax benefits, equity growth, future flexibility to lease it out as an income property. Great loan options available to OwnerUsers with as little as $10,000 down via a SBA financing. NICK BALDWIN C nick@haydengroup.com [ FOR MORE INFORMATION ]

2 [ FLOOR PLAN ] Zoning: (MP) Industrial Park, City of Hillsboro Ideal Uses: office, lab, medical, dental, processing, manufacturing, distribution, support services, & more... Full remodel completed in 2016 Layout consists of (lower level) reception, open work area, conference room, break room with kitchenette, copy area, 2 ADA restrooms, network hub, (upper level) storage room, private office, large executive office. More Upgrades: Energy efficient lighting, Luxury Vinyl Tile, carpet, cove base, interior paint, solar window shades. Features: Large windows on north & south sides, professional landscaping, pleasant views from private offices. Full heating/cooling via rooftopmounted HVAC units. 10 foot ceilings on ground floor, 9 foot on second floor. Exterior signage opportunity. Ground Floor Second Floor This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy or the information.

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4 [ SITE PLAN ] Condo Association = Low Stress Ownership VCC owners enjoy very few management and maintenance responsibilities. The condo association takes care of all common areas, allowing you more time to focus on your business. Association Dues: $ per month. Dues Include: Water/sewer, garbage, landscaping, parking lot sweeping, day porter, pest control, winter services, fire monitor, exterior lighting, pressure washing, window washing, roof maintenance & repair, management fee, insurance. Also includes reserves for parking lot/asphalt restripe and sealcoat, reserves for exterior paint and roof replacement. Owner Responsibilities: Property taxes, liability insurance, PGE, NW Natural Gas, phone/data, HVAC maintenance. Owner takes care of the interior of the unit. Parking: 4 reserved spaces (see red spaces below) plus undesignated parking stalls along the perimiter of the complex. Access: Unit 3669 is one of the most visible and easy for clients/staff to find. Located right at the entrance of VCC. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy or the information.

[ COMPARABLE SALES ] Note: For comparison purposes, the asking price for VCC Unit 3669 is $308/SF ($759,000).

90 Built 2014 Age: 1 2,520 SF Pro Forma Cap Comp ID: 3444837 Parcel No: Sale Conditions: R2186859 2 4570 SW WATSON Ave SOLD Beaverton, OR 97005 10/25/2017 (482 days on mkt) Bldg

00 RetailFreestanding 2,500 SF Pro Forma Cap Parcel No: Comp ID: 4039962 Sale Conditions: Research Status: 3 7110 SW Beveland Rd Building 3 SOLD 12/29/2014 Bldg Type: $799,000

06 Built 2014 2,520 SF Pro Forma Cap Parcel No: r2186860 Comp ID: 3205238 Sale Conditions: 4 7080 SW Beveland Rd Building 1 SOLD 08/29/2014 (382 days on mkt) Bldg Type: $749,000

5 [ COMPARABLE SALES ] Note: For comparison purposes, the asking price for VCC Unit 3669 is $308/SF ($759,000) SW Beveland Rd Building 2 SOLD 11/12/2015 (87 days on mkt) Bldg Type: $849,000 Confirmed Year Built/Age: $ Built 2014 Age: 1 2,520 SF Pro Forma Cap Comp ID: Parcel No: Sale Conditions: R SW WATSON Ave SOLD Beaverton, OR /25/2017 (482 days on mkt) Bldg Type: $795,000 Year Built/Age: $ RetailFreestanding 2,500 SF Pro Forma Cap Parcel No: Comp ID: Sale Conditions: Research Status: SW Beveland Rd Building 3 SOLD 12/29/2014 Bldg Type: $799,000 Confirmed Year Built/Age: $ Built ,520 SF Pro Forma Cap Parcel No: r Comp ID: Sale Conditions: SW Beveland Rd Building 1 SOLD 08/29/2014 (382 days on mkt) Bldg Type: $749,000 Confirmed Year Built/Age: $ Built ,520 SF Pro Forma Cap Parcel No: r Comp ID: Sale Conditions: SW Millikan Way Bldg H SOLD Beaverton, OR /26/2018 Bldg Type: $1,495,000 Confirmed Year Built/Age: $ Built 2007 Age: 11 5,380 SF Pro Forma Cap Parcel No: R Comp ID: Sale Conditions: SW 67th Ave SMB Financial Services, Inc. SOLD 10/25/2017 (84 days on mkt) Bldg Type: $950,000 Confirmed Year Built/Age: $ Medical Built 1986 Age: 31 3,500 SF Pro Forma Cap 0.00% Comp ID: Parcel No: Sale Conditions: R

6 [ FINANCING ] Real Estate Purchase Scenario 3669 NE John Olsen Avenue Purchase Price: Financing Offered By: CapitalSource Bank $759,000 Brad Benson: SBA Loan Structure Building Purchase $759,000 Building Improvements (opt) $0 Appraisal & Phase 1 $5,500 Escrow, Title, Legal, Etc $15,500 Total Project Costs $780,000 Borrower DownPayment: * As little as $10,000 CapitalSource Loan Amount $770,000 LOAN TERMS & CONDITIONS Loan Term 25 Years Fully Amortized Interest Rate: 6.25% Monthly Loan Payment $5,079 Prepayment Fee 3 Yrs only5%, 3%, 1% OWNERSHIP BENEFIT ANALYSIS Assuming 35% combined Tax Bracket Net Rental Income from tenants: est $0 Tax Benefit Depreciation ($568) Average Monthly Principal Reduction (5 yrs) ($1,498) Effective Monthly Ownership Costs $1.22 /SF NNN $3,013 Equity in Investment after 5 years: 3% Appreciation $199,795 *The information on this sheet is not a commitment to lend. These are estimates based on basic information provided. Rates and structure subject to change as parameters are defined. Please consult your tax advisor For more info please contact: Brad Benson bbenson@capitalsource.com Financing Note: The above scenario assumes that with only a $10,000 down payment, effective ownership costs would be about $14.50/SF Triple Net per year... A smart move when you compare this to similar buildings for lease. Increase your down payment to 10% and costs drop to about $13/SF NNN. NICK BALDWIN C nick@haydengroup.com [ FOR MORE INFORMATION ]

For Sale: Two-Suite Building

For Sale: Two-Suite Building 4144 Redwood Hwy, Medical Use OK with Use Permit Leased Investment or Owner/User High Visibility Corner Free Standing Building Offering Summary Asking Price: $1,575,000 Price Per Sq. Ft.: $350 psf Proforma