FOR SALE Master Planned Mixed-Use Development Bend, OR Walt Ramage Jenn Limoges Jeff Reed JD Ponciano +1 541 771 8260 wramage@naicascade.com +1 541 639 2566 limoges@naicascade.com +1 541 280 7068 jreed@naicascade.com +1 541 797 3559 jponciano@naicascade.com 1
Project History & Pricing 2012- application submitted to develop a +/-33 Acre Mixed Use Development named Wildflower Master Planned Development (WFMPD). Request to City of Bend included a General Plan Amendment and Zone Change from Residential Standard Density (RS) to Residential Medium Density (RM), and from RS to Mixed Employment (ME). Property Map & Tax Lot Acreage Price 750 SE 15th Street 181203CB01100 4.63 $ 13,500,000.00 850 SE 15th Street 181203CB01200 24.19 No Situs Address 181203CB01000 3.93 $ 1,450,000.00 Offered at $14,950,000 2015 - Master plan approved including a mix of singlefamily detached, single-family attached, multifamily, and cottage housing, as well as commercial development, open space, Areas of Special Interest (ASI) and multi-modal trails. 2
Master Plan Overview Wildflower Master Planned Development Size Residential Unit Count Housing Types +/- 33 Acres 851 Single Family Detached Single Family Attached Multifamily Cottage Housing Mixed-Use Retail Space Allocation 86,875 Square Feet Mixed- Use Office Space Allocation 32,015 Square Feet Community Space Allocation 3,700 Square Feet 3
Permitting, Zoning & Ordinances COCC Campus Village W15 Mixed Use District Narrative The Wilson and 15th (W15) Mixed Use District is a project that integrates a strong pedestrian orientation through a variety of land uses, such as residential, open spaces, commercial, and office. Development Timeline Ordinance Number Location 1100 SW Mt. Bachelor Drive File Date 2.33 Acres Parcel 3 Hearing Date Tax Lot 1802 First Reading Bend, OR City Council Adoption Zoning NS-2250 1150 SW850 Mt. Bachelor 750 and SE 15thDrive Street; 18-122.32 Acres 03CB 1000, 1100, and 1200. Parcel 2 Generally, side of 15th Street TaxEast Lot 1801 Between Wilson and Bronzewood Avenues December 31, 2012 July 27, 2015 August 19, 2015 September 2, 2015 RM - 26 Acres ME - 6.2 Acres RS - < 1 Acre W15 incorporates a limited mix of small-scale commercial nodes containing retail, office, cafes, service, civic and attached residential uses. The integration of residential uses within W15 helps to assure extended hours of activity within the district and supports a mix of uses. The district balances automobile access from higher order streets with transit orientation, pedestrian and bicycle access and circulation, and provides good transitions and connectivity with the surrounding neighborhoods. 4
Property Aerial Property Photos SITE South View- Deschutes River 5
General Area Property Photos Map South View- Deschutes River 6
Master Plan Aerial 7
Amenity Diagram 8
Site Demographics 3-Mile Radius Source: STBD.com 9
Bend, Oregon COCC CampusProfile Village 255 NW Campus Village BEND OREGON QUICK FACTS 5 Mile Radius 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. Population 86,470 Median Age 40.8 years Labor Force 39,246 Bend s Economy Avg. Home Price $317,735 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. Avg. Household Income $73.396 Median Household Income $52,851 Total Households 35,588 Total Housing Units 40,503 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 2015. (Source: Milken Institute). The next highest-ranking Oregon small metro was Medford at 28th. 2016 Bend, OR Notable Press Releases: OSU-Cascades opens as Oregon s first new public university in 50 years: http://oregonstate.edu/ua/ncs/archives/2016/sep /osu-cascades-opens-oregon%e2%80%99s-firstnew-public-university-50-years New SE Bend St. Charles Hospital Campus: http://www.bendbulletin.com/business/3255148151/st-charles-to-build-new-clinic-in-bend Bend, Ore., Heads The Best Small Cities For Business And Careers 2016 - Forbes Magazine: https://www.forbes.com/sites/kurtbadenhausen/ 2016/10/19/bend-ore-heads-the-best-small-citiesfor-business-and-careers-2016/#220b1e07d0e0 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) https://edcoinfo.com 10
COCC Disclaimer COCC COCC Campus Village Campus Village 255 NW Campus Village Way Campus Village This Flyer has been prepared by NAI Cascade for use by the principal ( Principal ) to whom NAI Cascade hasbend, provided this document. All development Oregon (Deschutes County)planning images herein are sourced to Myhre Group Architects and used with permission of the Seller. 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. 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. 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. Experience innovative commercial real estate solutions through consulting, investment sales, leasing, and opinions of value, without pretense. Experience NAI Cascade. Walt Ramage Jenn Limoges Jeff Reed JD Ponciano +1 541 771 8260 wramage@naicascade.com +1 541 639 2566 jlimoges@naicascade.com +1 541 280 7068 jreed@naicascade.com +1 541 797 3559 jponciano@naicascade.com 11