FOR SALE > $1,285,000 Union Ridge Commons Industrial Building 600 S. 74TH PLACE, UNIT 108 RIDGEFIELD WA, 98642 Great Location within the Union Ridge Development Property Highlights > Great owner / user opportunity > Located minutes from the I-5 Ridgefield Junction > Gross Building size of 7,780 SF (4,040 SF Office / 3,740 SF Warehouse) > 2005 Construction > Excellent off-street parking. > Zoned Employment mixed use (E) allowing for a wide range of uses. > 24 clear height > 2 dock doors > 1 grade door > End cap suite SITE SALE PRICE: $1,285,000 Downtown Portland CHARLIE KLEIER, CCIM 360 852 9616 Licensed WA & OR Real Estate Broker charlie.kleie@colliers.com COLLIERS INTERNATIONAL 700 Washington Street, Suite 608 Vancouver, WA 98660 www.colliers.com
Location Overview > Situated in SW Washington s Discovery Corridor which features land for development of commercial, industrial/flex and business parks. Location and transportation advantages of the Corridor are expected to develop the economic base of Clark County attracting high-quality jobs in today s growthoriented companies. > Located 20 minutes north of Portland, Oregon and Portland International Airport. > Vibrant, growing community of over 18,750 in Ridgefield zip-code area. > Population projected to exceed 8% growth per year (2017-2022) > Higher Median household income compared to nearby cities above $85,745. > Abundant nearby recreation including National Wildlife Refuge and Tri Mountain Golf Course. > Peace Health Southwest, Clark College and Vancouver Clinic are each planning complexes in the area of the I-5/Ridgefield interchange. > Cowlitz Tribe s Ilani Casino Resort is on I-5 just north of Ridgefield at the La Center junction. NORTH Union Ridge Common Dollar Tree Distribution Parr Lumber United Natural Foods CHARLIE KLEIER, CCIM 360 852 9616 Licensed WA & OR Real Estate Broker charlie.kleier@colliers.com COLLIERS INTERNATIONAL 700 Washington Street, Suite 608 Vancouver, WA 98660 www.colliers.com
LEASE VS. OWN Assumptions: Office Building (Total Building Size) 7,780 SF Shell Rate $0.55 /SF Owner/User Space - Suite#1 7,780 SF 100.00% Office Surcharge $0.75 /SF Rented Space - All Others 0 SF 0.00% Space (5,790 Shell, 4,040 SF Office) 7,780 SF Vacant Space - 0 SF 0.00% Estimated Rent: $6,215 /Mo Commercial Loan Interest Rate: 4.750% /annum/25 yr amortization Purchase Price: $165.17 /SF Down Payment Requirement 10% RENT OWN Lease Assumptions Purchase Assumptions Purchase Price $1,285,000 T.I.'s $0.00 /SF $0 Rent per square foot per month $0.80 T.I.'s Costs Vacancy $0.00 /SF $0 Rent per month (total) $6,215 Purchase Price $165.17 $1,285,000 Start-up Costs Start-up Costs Prepaid rent and security deposit $12,429 Cash down payment 10% $128,500 Loan fees and costs (1% Fee & 1% Misc) 2% $23,130 Total Start-up Costs $12,429 Total Start-up Costs $151,630 Monthly Costs Per SF Amount Monthly Costs Per SF Amount Rent Payment $0.80 $6,215 Mortgage payment: $0.85 $6,593 Other $0.00 $0 Rent from existing tenants $0.00 $0 Other $0.00 $0 Operating costs (Tenant Reimbursement) $0.00 $0 NNN operating costs $0.00 $0 Operating costs (Full Building) @ $4.20/SF/YR $0.35 $2,723 Reserves and other costs $0.00 $0 Reserves and other costs $0.00 $0 Total Monthly Costs $0.80 $6,215 Total Monthly Costs $1.20 $9,316 Monthly Ownership Benefits Monthly Ownership Benefits Monthly appreciation $0 Monthly appreciation: at 2%/Annum 2% $2,142 Monthly depreciation: at 40% tax bracket $0 Monthly depreciation: at 34% tax bracket $700 Monthly principal payment $0 Monthly principal pay down (10 yr avg) $2,625 Total Ownership Benefits $0 Total Ownership Benefits $5,467 TOTAL EFFECTIVE MONTHLY COSTS $6,215 TOTAL EFFECTIVE MONTHLY COSTS $3,849 Return on Investment on down payment Safe Rate 3.50% $442 $5,307 Net Monthly Savings (w/o all Benefits) ($3,544) Sub-Total Annual Savings ($42,530) Net Monthly Saving w/ ownership Benefits $1,923 Total all in Annual Savings $23,073 This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2017. All rights reserved.
N. 85th Ave. FOR SALE > $1,285,000 Union Ridge Commons Industrial Building 600 S. 74TH PLACE, UNIT 108 RIDGEFIELD WA, 98642 Rose Homestead Park Pioneer St Ridgefield Crossing S. 5th St. S. 74th St. S. 74th St. Union Ridge Conveniently located within:...9 Minutes to Interstate 5...35 Minutes to Portland...14 Minutes to Washington State University Vancouver...32 Minutes to Portland International Airport...29 Minutes to Clark College This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2017. All rights reserved.
Overall Building Site Plan Suite 108 S. 5th Street S. 74th Place Suite 108
First Floor Second Floor OPEN AREA OFFICE 1 OFFICE 2