114TH AT HALSEY DEVELOPMENT CM2 ZONED PARCEL LOCATED WITHIN PORTLAND’S OPPORTUNITY ZONE

BRAD MACOMBER / (503) 218-4380 / brad.macomber@cinw.comOR#200908061

commercialintegritynw.com

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THE INFORMATION CONTAINED IN THIS MARKETING BROCHURE IS PROPRIETARY AND STRICTLY

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AND PHYSICAL INFORMATION TO PROSPECTIVE PURCHASERS TO ESTABLISH A PRELIMINARY LEVEL OF

INTEREST IN THE SUBJECT PROPERTY. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION. COMMERCIAL INTEGRITY, NW

HAS NOT MADE ANY INVESTIGATION, AND MAKES NO WARRANTY OR REPRESENTATION WITH RESPECT TO THE

INCOME OR EXPENSE FOR THE SUBJECT PROPERTY, THE FUTURE PROJECTED FINANCIAL PERFORMANCE OF

THE SUBJECT PROPERTY, THE SIZE OR SQUARE FOOTAGE AND IMPROVEMENTS, THE PRESENCE OR ABSENCE

OF CONTAMINATING SUBSTANCES, PCBS OR ASBESTOS, THE COMPLIANCE WITH LOCAL, STATE AND FEDERAL

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BUSINESS PROSPECTS OF ANY TENANT, OR ANY TENANT’S PLAN OR INTENTIONS TO CONTINUE TO OCCUPY

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.2 114th at Halsey

CONTENT

.04THE SYNOPSIS

.05FINANCIAL SYNOPSIS

.06PROPERTY SYNOPSIS

.08THE DETAILS

.09SITE PLAN

.10RETAIL AERIAL

.11AREA OVERVIEW

.12DEMOGRAPHICS

114th at Halsey .3

T H E S Y N O P S I S1 1 4 T H A T H A L S E Y D E V E L O P M E N T | P O R T L A N D , O R | $ 5 7 5 , 0 0 0

.4 114th at Halsey

FINANCIAL SYNOPSIS

114TH AT HALSEY DEVELOPMENT1422 NORTHEAST 114TH AVENUE, PORTLAND OREGON 97220

Building . . . 2,060 SFLand . . . 10,454 SFAcres . . . 0.24Built . . . 1953# Of Parcels . . . 1

Zoning . . . Commercial Mixed-Use 2 (CM2)# Of Floors . . . 1Max Height . . . 45’FAR . . . 2.5:1# Of Households (3-Mile) . . . 63,417

$575,000 $55 PSF LOT

114th at Halsey .5

PROPERTY SYNOPSIS

114th at Halsey Development is a 10,454-square foot lot ZONED CM2 (COMMERCIAL MIXED-USE) currently occupied by a residential house located

within the OPPORTUNITY ZONE in Northeast Portland’s Hazelwood neighborhood.

COMMERCIAL MIXED-USE 2 (CM2) is a medium-scale commercial mixed-use zone. The uses and character of this zone are oriented towards RETAIL, OFFICE AND RESIDENTIAL. Maximum height is 45’ and FAR is 2.5:1, increasing to 4:1 with

bonus provisions.

The Subject Property benefits from its location NEARBY TO MANY SHOPPING CENTERS including Gateway Shopping Center (Fred Meyer, Office Depot, Ross,

Kohl’s) , Menlo Park Plaza (Walgreens), San Rafael Shopping Center (Winco, Dollar Tree, Bi-Mart) and Mall 205 (Home Depot, Target, Bed Bath & Beyond, 24-Hour

Fitness).

Halsey Street is a HIGH-TRAFFIC THOROUGHFARE IN NORTHEAST PORTLAND. Trimet’s 77 Broadway/Halsey bus connects the outer Northeast neighborhood

with Portland City Center and has a stop at THE CORNER OF 114TH AND HALSEY.

Hazelwood is ONE OF THE LARGEST AND MOST-POPULOUS NEIGHBORHOODS IN PORTLAND. The one-mile radius population around the Subject Property is over

22,000 people.

MULTIPLE TRANSIT OPTIONS IN THE NEIGHBORHOOD: The Gateway Transit Center, a central hub for MAX red, blue and green lines, and East 122nd Max Station are

both under 1.5 miles away.

PROXIMITY TO GATEWAY SHOPPING CENTER, A FRED MEYER,ROSS AND KOHL’S ANCHORED CENTER NEAR INTERSTATE 205

.6 114th at Halsey

PROXIMITY TO GATEWAY SHOPPING CENTER, A FRED MEYER,ROSS AND KOHL’S ANCHORED CENTER NEAR INTERSTATE 205

114th at Halsey .7

T H E D E T A I L S1 1 4 T H A T H A L S E Y D E V E L O P M E N T | P O R T L A N D , O R | 1 0 , 4 5 4 S F L O T

.8 114th at Halsey

SITE PLAN

NOT A PART

2 , 0 6 0 BUILDING SF

1 Parcel on

0.24 Acres

Land . . . 10,454 SF

Year Built . . . 1953

Number Of Stories . . . 1

Zoning Type . . . CM2

FAR . . . 2.5:1

114th at Halsey .9

RETAIL AERIAL

84

84

205

205

NE HALSEY STREET

NE GLISAN STREET

E BURNSIDE STREETSE STARK STREET

102ND AVENUE

.10 114th at Halsey

LAKE OSWEGO

GRESHAMBEAVERTON

PORTLANDI-5

VANCOUVER

I-5

AREA OVERVIEW

ABOUT PORTLAND, OR

Portland, the Portland Metropolitan Area’s most-populous city, is located at the confluence of the Columbia and Willamette Rivers and is the second largest city in the Pacific Northwest, just three hours south by car of leader Seattle, Washingon. The Portland Metropolitan Area now contains nearly 2.4 million people. With projections of population and wage growth at 1.66% and 4.68% respectively, the ‘City of Roses’ ranked Number 17 on Forbes’ List of America’s Fastest-Growing Cities in 2018. The Portland Metropolitan Area now represents more than one-half of Oregon’s population. Steady booming growth in recent years has allowed for a significant uptick of construction, both commercial and residential, within Multnomah County.

Across the Willamette River from downtown is Portland’s growing Eastside, serviced by multiple Interstate freeways. Interstate 84, an East-West route proceeding through three states, is Portland’s second most traveled freeway. Interstate 205 serves as a bypass route for Interstate 5 between Oregon and Washington and travels along the East side of both cities and their suburbs. Both interstate highways are within proximity to the Subject Property and connect the area to other parts of the Portland MSA and beyond.

Portland’s Hazelwood neighborhood is one of the largest neighborhoods in Portland and is bordered by Montavilla and Parkrose. The largest employer in the area is Adventist Hospital, a 302-bed hopsital that serves Portland’s Eastside. The Gateway Park and Ride Transit Center, located near the Interstate 84 and Interstate 205 interchange, is a TriMet and MAX station for the blue, green and red lines. The blue line proceeds to Gresham, the green line proceeds to Clackamas and the red line proceeds to Portland International Airport. Neighborhoods serviced by this station include Hazelwood, Parkrose, Montavilla and Woodlawn Park.

114th at Halsey .11

DEMOGRAPHICS

AVG HOUSEHOLD INCOME# OF HOUSEHOLDS 2019 POPULATION

$57,848 $66,350 $77,9958,797 63,417 151,20022,317 168,658 393,409

DISTANCE TO DOWNTOWN PORTLANDDISTANCE TO PDX AIRPORT

TRAFFIC COUNTS

1 Mile 3 Miles 5 Miles

Approx 8 MilesApprox 6 Miles29,376 Vehicles Per Day Along NE Halsey Street

COUNTYMETROPOLITAN

PORTLAND MULTNOMAH COUNTY

PORTLAND MSA

MultnomahPortland MSA

647,805 People (2017 Population Estimate) 807,555 People (2017 Population Estimate) 2.4 Million People (2017 Population Estimate)

.12 114th at Halsey

114TH AT HALSEY DEVELOPMENT CM2 ZONED PARCEL LOCATED WITHIN PORTLAND’S OPPORTUNITY ZONE

BRAD MACOMBER / (503) 218-4380 / brad.macomber@cinw.comOR#200908061

commercialintegritynw.com