Over 600 private acres with a 5,500-foot long airstrip only twenty minutes from Bend, Oregon.

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1 For Sale Rare and Spectacular Aviation Community Development Acreage in Central Oregon Over 600 private acres with a 5,500-foot long airstrip only twenty minutes from Bend, Oregon. Offered at $7,500,000 Jeff Reed, Broker Ken Streater, Principal Broker jreed@naicascade.com kstreater@naicascade.com

2 Imagine landing your aircraft, taxiing up to your home, parking at your front door, and then putting your feet up to enjoy paradise.

3 Imagine owning property in one of the most desirable and beautiful areas in the country, where the quality of life is second-to-none and incomparable lifestyle amenities are everywhere and endless. Picture as the owner or developer of this property the scene from a cockpit or patio deck, over 300 days of sunshine a year, forever Cascade Mountain panoramas, and star-filled night skies. This property can be divided into an idyllic aviation community of 32 ten-acre home sites, kept as-is for ultimate privacy, or developed with other options in between. The choice is yours.

4 Bend Oregon Aviation Community Overview The 600-acre aviation community parcel is located in the beautiful high desert of Central Oregon, just east of the city of Bend. It is approved for an upscale development or can be purchased as the ultimate private runway home site. The property is bordered by public lands and is a short drive to vibrant cityscapes and classic resort town amenities. The airstrip is approximately 5,500 feet long. It is officially called 50OR and is also known as Chocheta (coshay-tah) Airport Estates, a Native American expression meaning That You Cannot Image. Randy and Linda Goering have lived on the property for over 30 years, and have received state and local land use approvals for a 640-acre aviation community, consisting of up to 32 lots of ten acres or larger. The Goering s magnificent home sits on the property as does their hangar where they operate their specialized aircraft business. The Goering s intend to continue living and working on one of the 32 lots. The acreage consists of five tax lots and is located near Alfalfa, Oregon in Crook County. A buyer has the option of splitting the property into 32 lots and developing it into an aviation community with at-home or stand alone hangars, or keeping the entire property as-is with just a couple of homes for complete privacy

5 Property Ownership and Development Options There are several options with this property: Full Aviation Community Development As noted above, this property is approved for up to 32 lots as part of a full aviation community development. There is a local and national track record of select and specialized resort area developments having phenomenal lot sale prices. At final parcel sizes of ten acres or larger, there are no other available properties like these anywhere for the discerning pilot and upscale home buyer. Please see the following page for one potential concept for this development. Development of Existing Tax Lots Only The entire property consists of five individual tax lots and 640 acres. With the present owners retaining one lot, there is the potential to create up to four 100+ acre home lots. Single Ownership Anyone seeking preeminent views, proximity to world-class resort amenities, complete privacy, and a personal jet runway could find this place ideal. Aviation Product Development and /or Testing This property and airspace have been used by Bombardier and Embraer for test runs of experimental and future commercial airliners. Any aviation products company may want to consider this property for like use.

6 Aviation Community Development Concept This development concept was designed in adherence to the Rural Aviation Community Zone code that was created for this parcel by Crook County and approved by the State of Oregon. This is only one concept but is presented here to provide an idea of the potential of this property and allowed uses. As seen above, there are 32 home sites designed, each accessed by a taxiway and surface street. In addition, significant open space has been included in order to maintain the natural features and benefits, such as walking trails, vista corridors, and more. Note: the Goering s parcel is identified above as Lot 4.

7 Property and Development Highlights All too often, superlatives like one-of-a-kind and nothing quite like it are offered up when they really don t apply. This is not the case here. We have scoured the country looking for parcels with these amenities and have discovered that, simply, there are no others like it. Consider: The 5,500-foot runway is likely long enough for any private jet. Once paved, this airstrip may accommodate virtually any plane presently being flown that is smaller than a 747. Bend is a one-hour turboprop plane or private jet flight from Seattle, 90-minutes from the Bay Area, and two to three hours from Denver, Los Angeles, Las Vegas, and Phoenix. With these trip times, you can wrap up your work week and be fishing for trophy steelhead, playing on a Nicklaus resort golf course or skiing Bachelor in the same day. Ten-acre (or larger) airpark home sites near world-class adventure and recreation lands and resorts do not exist. Here, you can play big all day and come home to oversized peace and quiet. Each lot can have its own hangar for pilots to taxi to their front door. In addition, the property zoning allows for a community hangar complex away from the residential sites should owners have multiple planes or not want to park at their home. Each home can have unobstructed, jaw-dropping panoramas. With ten Cascade peaks filling the western skyline, this property is known for its gentle slope view-enhancing topography.

8 Bend and Central Oregon Lifestyle and Amenities From Outside to Entrepreneur magazines, Bend and Central Oregon are consistently ranked as among the best places on earth to live and do business. Bend is home to thriving tech businesses and start ups, and award-winning restaurants. Its vibrant downtown and the Old Mill District feature fashionable shops, lively microbreweries, and world class entertainment. With a population of around 100,000 friendly people, Bend is known for its homespun, resort town hospitality and cosmopolitan vibe. Here you will find successful entrepreneurs and global thought leaders sharing tables with retirees and ski bums. The mix of people and first-rate amenities make Bend one of the most sought after communities to live and play in the U.S. is a In addition to Bend, the nearby towns of Redmond and Sisters have their own benefits and charms, from the western theme Main Street to world-class resorts. Simply, Bend and Central Oregon is worthy of the accolades and a dream place to visit or to call home.

9 Central Oregon is one of the fastest growing regions in the country. The reasons are numerous, with many centered on the unmatched outdoor recreation options. It is said about Bend that you can ski in the morning and golf or mountain bike in the afternoon and wet your fly fishing line that evening. What they say is true. Oregon s largest ski area is just west of Bend. Many of the state s best golf courses surround the town. The most mountain biking trails in the Northwest are here. And pristine boating and trophy fishing rivers and lakes abound. Mt. Bachelor ski resort features 101 runs on nearly 3500 vertical feet of dry and abundant snow. With 11 lifts situated on 4300 acres of terrain and an average snowfall of 400+ inches, it is skiing and boarding paradise. If the names Fazio and Nicklaus ring a bell then you will love Central Oregon. Courses designed by these greats are 15 minutes from the property. A dozen more elegant resort and municipal courses are an easy drive away. If that is not enough, then take time to explore the nearby Deschutes River for fishing, kayaking, and paddle boarding. Or, head to the hills or high desert for hiking, mountain biking and rock climbing on renowned trails and mountains. These amenities are right outside your door and just up the road.

10 Premier Pacific Northwest Resort Area Large Acreage Private Airstrip Home Site or Aviation Community Development Opportunity Near Bend, Oregon Please call or write for more information or to tour this special property. 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 TO BE IMPLIED. Ken Streater, Principal Broker Jeff Reed, Broker 549 SW Mill View Way, Suite 100 Bend OR

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