Investment Property Offering $2,299,000 REDMOND INDUSTRIAL SW Veterans Way & SW Reindeer Ave, Redmond, OR 97756 Presented By: Mike Baron 6220 NE 11th Street, Suite 200 Redmond, OR 97756 (541)923-5499 mike.baron@svn.com Offering Highlights Airport Business & Industrial Park Prime Location Deschutes County Expo Center Location Redmond - Fastest Growing Region in Oregon T-Mobile development near the site employs 750 Bank Owned - Motivated Seller 09/03/2012 All Sperry Van Ness Offices Independently Owned and Operated.
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Table of Contents 1 Financial Analysis Executive Summary Investment Information 2 Additional Information Pictures Locator Map 3 Advisor Profile The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness Offices Independently Owned and Operated. 1. Financial Analysis
REDMOND INDUSTRIAL List Price Size $2,299,000.00 60.94 Shape Zoning M-1/Light Industial Dimensions 2,654,546 square feet Topography Flat gentle sloping Price Per Acre Price Per SF SW Veterans Way & SW Reindeer Ave, Redmond, OR 97756 PROPERTY DESCRIPTION Land Improvements HIGHLIGHTS Airport Business & Industrial Park Prime Location Deschutes County Expo Center Location Redmond - Fastest Growing Region in Oregon This approved 24 lot subdivision has gone through a tentative plat approval and falls under the automatic extension through July 2013. Phase I has all the initial approvals needed for development,but Phase II & III would likely require,if developed as proposed, additional street improvement and utilities. The irrigation district has stated that the water for irrigation would have to be piped as a condition of approval. T-Mobile development near the site employs 750 Best Use Tax Parcel No. Sewer Water Electric Gas Phone Corner Signalized Street Frontage Ingress/Egress Sub Market Market 151321 Yes Yes Yes Yes Yes N/A Veterans /Reindeer The lack of availability of M-1 undeveloped land creates a high demand for a wide array of industrial uses. Recently, major corporations have expressed desire to locate in central Oregon due to available labor force, rail, and trucking corridors making this opportunity extremely attractive to an owner user and the traditional industrial developer. The subject property is located near the Redmond/Bend Roberts Field Airport, and is one of the largest parcels in this area. The existing approved tentative plat map may change upon development and/or a single user may develop the site as a larger lot subdivision. The City officials have stated that alteration of the existing plan may be allowed under the current plan, but significant changes to the site plan may require submitting a new plan and application. The City of Redmond and Deschutes County are very excited about helping with this large industrial development which has the potential to add employment opportunities for the region. Bend Redmond Central Oregon Exclusively Listed By: Mike Baron (541)923-5499 mike.baron@svn.com The informa on listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness Offices Independently Owned and Operated.
Investment Information REDMOND INDUSTRIAL 60.94.ACRES SW Veterans Way & SW Reindeer Ave Redmond, OR 97756 Listing Price $2,299,000 Gross Acres 60.94 Highlights Airport Business & Industrial Park Prime Location Deschutes County Expo Center and Fair Grounds Redmond Tthe Fastest Growing Region in Or, T-Mobile development near the site employs 750 Topography Flat gentle sloping Dimensions 2,654,546 square feet Area The City of Redmond Oregon has attracted positive growth of the last decade with a 50 million dollar expansion to Roberts Field Airport. The ability to fly non-stop direct from Portland, Seattle, S.F., Salt Lake City, Denver, Las Vegas, Phoenix/Mesa, and Denver provides s for mandatory elements to attract Companies interested in relocation to one of the most desirable regions in America. The Deschutes County Expo Center located very near the subject property was a nearly 100 million dollar investment and has been a magnet for events drawing hundreds of thousands of visitors annually. In addition to The annual Deschutes Count Fair, the FMCA Family Motor Coach Association has selected this site to host the National Convention which creates a hugh financial impact on the region with up to 45,000 Motor Homes comming from all over North America. Zoning M-1 Industrial/commercial development The zoning would allow for multiple uses under the existing zoning Ingress/Egress The property lies on the western edge of the newer development named Airport Business Park which brought the utilities and roads to the eastern property line of the subject property. Property According to resent conversations with the City of Redmond planning department there should be adequate sewer, water,and power capacities to proceed with development of the property. Recently with the 124 acre Facebook development other major spin off businesses have recently been aggressively looking at Central Oregon for their operation. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2. Additional Information All Sperry Van Ness Offices Independently Owned and Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SW 11TH ST SW VETERANS WAY SSW OBSIID IIAN AVE SW SW CANAL CANAL BLVD BLVD S HWY HWY 97 SW PUMIICE AVE SE RAILROAD RAILROAD BLVD BLVD SW 6TH ST Copyright 2008, All Rights Reserved Courtesy of: 0 125 250 500 Feet Legend Subject Property
SE SE RAILROAD RAILROAD BLVD BLVD S HWY HWY 97 SW 6TH ST Copyright 2008, All Rights Reserved Courtesy of: 0 125 250 500 Feet Legend Subject Property
S HWY HWY 97 SW ODEM MEDO RD Copyright 2008, All Rights Reserved Courtesy of: 0 125 250 500 Feet Legend Subject Property
www.svn.com Locator Map The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness Offices Independently Owned and Operated.
All Sperry Van Ness Offices Independently Owned and Operated. 3. Advisor Profile
Mike Baron Advisors Sperry Van Ness Mike Baron serves as a Senior Investment Advisor for Sperry Van Ness specializing in the sale of retail, office, industrial, and multifamily properties in Oregon. With 21 years of uninterrupted commercial and investment brokerage, training, and management experience, Baron has secured over 150 transactions resulting in a career volume of over $450 million with most of the transactions being 1031 exchanges. Prior to joining Sperry Van Ness, Baron served as a senior associate and regional sales manager for a national investment real estate firm located in Portland, OR, Ontario and San Diego, Calif. Baron closed a $17.75 million retail transaction and a $9.3 million apartment transaction, which are the largest transactions in the history of the Bend, Oregon marketplace. Mike Baron Senior Investment Advisor Sperry Van Ness As an active commercial real estate community member, he is a member of the International Council of Shopping Centers. He has also been an honored keynote speaker of the Bend Oregon Real Estate Forecast Symposium. Baron s success includes being awarded Top Investment Agent in 1998, Sperry Van Ness Trainer of the Year in 1991 and Top Investment Agent in 1989. He also received his bachelor degree in business administration with a concentration in marketing from San Diego State University.