1600 PACIFIC AVENUE FOR SALE - $8,553,000

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1 Russ Roberts, CCIM Certified Commercial Broker YAKIMA, WASHINGTON 1600 PACIFIC AVENUE FOR SALE - $8,553,000 Outstanding Development Opportunity Along I-82 in Yakima With over 2000ft of prime, interstate frontage and accessible from two nearby exits, these acres are highly visible, versatile and ready for development. Located right in the center of Washington State s fastest growing economy and zoned for regional development, this property is perfect for retail, mixed-use, apartments, hotels and more. CALL NOW (509) Keller Williams Yakima Valley - OFFICE: (509) PROPERTY OF RUSS ROBERTS, CCIM

2 PAGE: 2 // PACIFIC AVENUE OVERVIEW 1600 PACIFIC AVENUE LAND AREA 2,012,472 ft 2 ZONED FOR REGIONAL DEVELOPMENT PRICE $4.25 / ft 2 MARKETING PACKAGE // KELLER WILLIAMS COMMERCIAL REAL ESTATE 46.20ACRES

3 MARKETING PACKAGE BY RUSS ROBERTS - CCIM PAGE: 3 // acres in Washington State's fastest growing economy. For decades this site has been the home of the Yakima Speedway. Made famous by Evel Knievel's 1970 jump over 13 Pepsi-Cola trucks and beloved by Central Washington racing enthusiasts. The dream of the Yakima Speedway may still be as hopeful and potent as the well-cared-for stock cars that adorn her asphalt on weekends and holidays. With an agreement for full summer season of racing in 2018, there may be some with the intention to keep this property serving spectators for decades to come. Whatever happens - there's no limit to its potential, and it will move quickly at its recently reduced price of $4.25/ft 2. Where it sits along Interstate 82 between Ellensburg, the Lower Yakima Valley, and US 97 toward Bend/Portland, there are over 43,000 daily drivers passing by for over 20 seconds at 60MPH. Serviced by two nearby exits and minutes from downtown, this location is well-primed to serve as a tremendous addition to a region that has long been one of the country's most stable. 17 MAY 2017 SATURDAY BEWEAKLY 7 PM - 10 PM AT NIKI MAWON JAKARTA UK RSVP admission voucher 92K #nicole

4 PAGE: 4 // PACIFIC AVENUE AREA INFORMATION The Yakima Valley, as an agricultural community, hosts a wonderfully stable economy. When the market crashed in 2008, areas west of the mountains went from huge gains to huge losses, whereas Yakima went from solid gains to a flat line that has steadily increased in the past decade. Yakima is nearing a 50/50 Caucasian, Hispanic population. It is growing younger, boasting large numbers of young families, even while the 65+ community continues to expand as cost of living and weather factors make it a highly desirable location to invest and to retire. Fruit continues to drive the economy, producing $1.1 billion in income (in 2013) but local engineering and manufacturing are steadily expanding as businesses enjoy a talented, educated work force and lower cost of land and living. GEOGRAPHICAL DETAILS Yakima lies 30 minutes south of Ellensburg, and an hour north of the Oregon border crossing at Goldendale. It is 2 hours east of Seattle and 3 hours west of Spokane. Yakima's accesibility and affordability are no doubt reasons that maunfacturers and regional distribution centers have found lasting and profitable homes in the Yakima Valley. For example, Ace Hardware maintains a ~500,000ft 2 distribution center in Moxee providing over 250 jobs. Their trucks are able to disperse across the northwest with ease and little to no local/highway traffic. TRANSIT TIME (IN MINUTES) SEATTLE ELLENSBURG 30 WENATCHEE YAKIMA 190 SPOKANE MARKETING PACKAGE // KELLER WILLIAMS COMMERCIAL REAL ESTATE PORTLAND BEND

5 MARKETING PACKAGE BY RUSS ROBERTS - CCIM PAGE: 5 // 15 LARGEST EMPLOYERS DEMOGRAPHICS BBSI Yakima Memorial Hospital Tree Top Inc McDonalds Washington Fruit Walmart City of Yakima 2017 Population Median Income Per Capita Income Average HH Income 1 Mile 5 Miles ~12,405 ~121,400 $35,418 $45,530 $20,237 $22,936 $50,829 $61,904 A history of stability. A trend of substantial growth Here's a few reasons why the Yakima market is an excellent investment AGRICULTURE COST OF LIVING LOW VACANCY JOBS Yakima's agricultural industry has seen record crops and made major infrastructure investments in recent years. Washington apples accounted for 70% of U.S. production ($2.39 billion in sales), and Yakima's hop crop accounted for 75% of U.S. production ($382 million.) Yakima has 3,143 farms. 95% of them are locally owned. Not only are cap rates higher in Central Washington, compared to the rest of the West Coast, but the cost of living is now highly attractive to skilled workers and young families who are being pushed out of the housing market west of the mountains. Affordable land, growing regional wages and sunshine make for a steadier, happier labor force Malls, mills and main streets across the country have seen staggering vacancies, and Yakima is certainly not immune. But, industrial, retail and housing vacancy rates have remained low. Developers like Hogback Development have helped bring in dozens of new businesses in the past two years. See the next page for a list. Yakima County added 4,400 jobs in 2017, a growth rate of 5.3%. Up from 1.8% in Yakima County had an unemployment rate of only 6.7%, its lowest in over three decades.* * Tri-City Herald, January 2018

6 PAGE: 6 // PACIFIC AVENUE Yakima continues to enjoy a rapid expansion of its population, economy, and hospitality. New retail business, restaurants, athletic /aquatic complexes, hotels and other mixed-use sites are quickly adding to the intrigue of sunny Yakima, already home to a fascinating craft beer and wine culture. Washington's fastest growing economy in 2017 with a 5.3% increase in local jobs (4,400). And, the eighth fastest growing population in the nation with an expected 13% population increase in There is a lot to love about Yakima, and apparently it's no secret. Recent development projects by Hogback Development, Rainier and Tahoma Square, have been a tremendous success. The expansive SOZO Sports Complex (just 7 miles from the Speedway) is host to numerous large-scale tournaments and a big reason multiple hotels and an RV park have been built in the past 18 months. NEW ADDITIONS SINCE 2017 Population Growth % National Rank #8 Job Growth % Washington Rank #1 MARKETING PACKAGE // KELLER WILLIAMS COMMERCIAL REAL ESTATE SOZO SPORTS -- AHTANUM DRIVE RAINIER SQUARE - W NOB HILL BLVD

7 M A R K E TING PACK AGE BY RUS S R OBER TS - CCIM PAGE: 7 // 1 5 not meant to show precise locations

8 PAGE: 8 // PACIFIC AVENUE MARKETING PACKAGE // KELLER WILLIAMS COMMERCIAL REAL ESTATE Made up of 12 separate parcels with no covenants or easements. This property is zoned with the intent to accomodate wholesale and retail activities with some high-density residential development.

9 1600 Pacific Avenue - facing east from just south of Downtown. Just beyond the race track, I-82 hosts a steady stream of cars as it winds alongside the Yakima River. $4.25ft 2

10 PAGE: 10 // PACIFIC AVENUE MARKETING PACKAGE // KELLER WILLIAMS COMMERCIAL REAL ESTATE FEATURED PHOTOS 20,000ft 2 - Yakima Ice Rink

11 MARKETING PACKAGE BY RUSS ROBERTS - CCIM PAGE: 11 // 15 27,000ft 2 - Yakima Speedway $8,553,000

12 26+ YEARS EXPERIENCE COMMERCIAL CERTIFIED INVESTMENT MEMBER (CCIM) COMMERCIAL RUSSROBERTSCCIM RUSSROBERTSCCIM CELL: (509) OFFICE: (509) RUSS ROBERTS, CCIM CERTIFIED COMMERCIAL BROKER I received my license when I was 18, following in the footsteps of my mother, who was a residential realtor. During college, I worked as a licensed assistant for a broker while I earned a degree in financial planning with a minor in real estate. After college, I spent a few years at an escrow company in San Diego, California. It was there that I really learned the backend of the business. For the next thirteen years, I focused on financial planning but I always loved and missed real estate. When I moved to Yakima from San Diego in 2003, I decided to get back into real estate. With my financial background, commercial real estate became the best of both worlds. As a Certified Commercial Investment Member, or CCIM, I use my knowledge and skills to help clients achieve their financial goals through precise financial analysis and honest risk assessment on properties. As a broker, I believe in over servicing my clients by actually answering the phone or returning calls before the end of business day. Respecting clients as people and respecting their time has been key to my success for nearly two decades.

13 THANKS FOR YOUR INTEREST. YOU'RE WISE TO INVEST IN CENTRAL AND EASTERN WASHINGTON AND I'M EAGER TO ASSIST YOU IN YOUR VENTURE. Savvy investors like yourself are aware that cap rates are often double east of the mountains. Yakima's economy is wonderfully stable (it's the same for so many markets in Central and Eastern Washington) as it is continually driven by fruit and hop production, with over $1.8 billion in income from Agriculture alone in In all, the economy provided for over 108,000 jobs and almost $4 billion in total wages in 2016 which has led to a population growth of 2.3% over the last 6 years, and an estimated 13% in 2018! The cost and quality of living makes it a desirable home for young families and retirees. Hence, Yakima is currently experiencing both a population and retail boom. Popular national chains are pouring in to burgeoning retail centers. Both local and national restaurants, breweries and wineries are expanding into all parts the valley. And, the housing market is following close enough behind Seattle that inventory is sparce, but return rates make for a tremendous opportunity that you need an aggressive and knowledgable broker to stay on top of in your stead I'd love to help you in your pursuit of a solid investment, whether the 1600 Pacific Avenue property is a good fit, or you're interested in looking for another. I've gained a reputation with investors as a tremendous asset in growing their portfolio, finding The Right Property, and making The Right Deal. I specialize in apartments, trailer parks and other rental properties as well, not just retail. My bottom line is helping you meet and exceed your financial goals Please call my cell, (509) at any time. Sincerely, Russ Roberts, CCIM

14 LET ME HELP YOU MAKE YOUR BEST INVESTMENT INTERESTED? QUESTIONS? LET'S TALK CONTACTS : CELL: (509) OFFICE : (509) RROBERTS@CCIM.NET RUSS ROBERTS - CCIM CERTIFIED COMMERCIAL BROKER KW COMMERCIAL 1019 S 40TH AVE YAKIMA, WA THIS IS PROPERTY OF RUSS ROBERTS NOT TO BE SOLD, REPRODUCED, OR USED IN ANY OTHER WAY THAN INTENDED.

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