FOR SALE: $750,000 | $61.12/SF

Tuality Apartment Site | .28 Acres LandSW CORNER OF SE 2ND AVE & SE OAK ST | HILLSBORO, OREGON

COLLIERS INTERNATIONAL851 SW Sixth Ave., Suite 1200Portland, OR 97204www.colliers.com

The Tuality Apartment site has all land use and preliminary plans completed

and approved by the City of Hillsboro for a four-story, elevator-served

building in the heart of downtown Hillsboro. The Downtown District is the

heart of the community which includes historical commercial buildings

dating to the 1800’s, mixed with new urban living options. This walkable area

is home to the centers for City and County government, a vibrant arts and

culture community, independent retailers and restaurants, office space, and

light industrial manufacturing.

Property Overview > Opportunity Zone designation (Census Tract 325.01)

> Heart of Downtown Hillsboro

> Easy access to MAX Light Rail Line

> Close proximity to schools, hospitals, and services

> Cost effective construction that does not require a post tensioned podium deck

> Approximately 2,600 square feet of ground floor retail space

> 24 multifamily units

Highlights

SKIP ROTTICCI 503 499-0062 PORTLAND, OR skip.rotticci@colliers.com

OPPORTUNITY ZONE!

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). ©2016. All rights reserved.

FOR SALE

Tuality Apartment Site | .28 Acres LandSW CORNER OF SE 2ND AVE & SE OAK ST | HILLSBORO, OREGON

Investment SummaryThe Tuality Apartment property is located in

an Opportunity Zone allowing for significant

tax benefits to a developer/owner. The

property includes all planning approvals,

design development documents, engineering,

plans and studies to date. Construction

documents can be completed in approximately

60 days and permits could be issued in as

little as 90-120 days.

Unit Breakdown: 13 one-bed, one-bath units

11 two-bed, two bath units

Elevator served, secure, controlled access building

19 parking spaces

New tax break for low-income neighborhoods presents a unique opportunity for luxury developers

Population 1 Mile 3 Mile 5 Mile

2018 Total Population: 14,443 65,876 127,004

2023 Population: 15,480 70,562 136,655

Pop Growth 2018-2023: 7.18% 7.11% 7.60%

Average Age: 35.5 35.8 35.9

Households

2018 Total Households: 4,554 21,380 44,044

HH Growth 2018-2023: 7.16% 7.00% 7.67%

Median Household Inc: $48,022 $71,662 $73,136

Avg Household Size: 2.9 3 2.8

2018 Avg HH Vehicles: 2 2 2

Housing

Median Home Value: $246,866 $288,276 $289,002

Median Year Built: 1973 1984 1992

Site Plan

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). ©2016. All rights reserved.

FOR SALE

Tuality Apartment Site | .28 Acres LandSW CORNER OF SE 2ND AVE & SE OAK ST | HILLSBORO, OREGON

Location SummaryThe Tuality Apartment site is 3.5 blocks from both the Hillsboro Central, and Hatfield Government Center light rail stations. Hillsboro is the 5th largest City in Oregon and is home to the “Silicon Forest”: Oregon’s vaunted Tech Center that includes Intel, Saleforce, Radisys, Nike, Genetech, Oracle, Epson, Laika Studios, Standard Insurance, Applied materials, Thermo Fischer Scientific, Synopsis, ViaWest, Nvidia, etc…

The property is within easy walking distance to schools, transit options, hospitals, restaurants, shopping, and retail services. The Tuality Apartments have been planned to include a mix of thirteen luxurious one-bedroom/one-bathroom units, and eleven spacious two-bedroom/two-bathroom units. The ground floor has the ability to have either 2,600 square feet of retail/commercial or up to four additional apartment units. The property will be attractive to young professionals, especially young doctors, nurses, and staff at Tuality Community Hospital due to its location, on-site parking, safe controlled access building, and elevator service.

Washington County Sheriff’s

Office

HawaiianGrill City Center

Apartments

Hillsboro Civic Center

Thai House Cuisine

Clark’s Bistro

Chaat Cafe 4th & Main Apartments

St. Matthew Church

St. Matthew School

Lindo Michoacan Mexican

Grill

Hillsboro Library

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). ©2016. All rights reserved.

FOR SALE

Tuality Apartment Site | .28 Acres LandSW CORNER OF SE 2ND AVE & SE OAK ST | HILLSBORO, OREGON

Conceptual Floor Plans

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THE CONSTRUCTION OF A 4 STORY MIXED USE BUILDING. THE FIRST FLOOR CONTAINS 2600 SF OF A COMMERCIAL STAIR, ELEVATOR LOBBY AND AN OPEN PARKING GARAGE. FLOORS 2-4 CONTAIN 24 APARTMENT DWELLING UNITS, (11) OF WHICH ARE 2 BEDROOMS & (13) 1-BEDROOM UNITS. THE FOURTH FLOOR HAS A COMMUNITY ROOM WITH A SHARED PORCH.

SE OAK STREET

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COMMERCIAL SPACE 2,600 SQUARE FEET

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THE CONSTRUCTION OF A 4 STORY MIXED USE BUILDING. THE FIRST FLOOR CONTAINS 2600 SF OF A COMMERCIAL STAIR, ELEVATOR LOBBY AND AN OPEN PARKING GARAGE. FLOORS 2-4 CONTAIN 24 APARTMENT DWELLING UNITS, (11) OF WHICH ARE 2 BEDROOMS & (13) 1-BEDROOM UNITS. THE FOURTH FLOOR HAS A COMMUNITY ROOM WITH A SHARED PORCH.

SE OAK STREET

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SECOND FLOOR PLAN J

1 BEDROOM1 BATH685 SQ FT

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68'-6"

110'

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2 BEDROOM2 BATH860 SQ FTWH

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2 BEDROOM2 BATH870 SQ FT

WH

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2 BEDROOM 2 BATH965 SQ FT

WH

1 BEDROOM1 BATH625 SQ FT

WH

2 BEDROOM2 BATH870 SQ FT

1 BEDROOM1 BATH

730 SQ FTTYPE A UNIT

(1 REQUIRED)

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1 BEDROOM1 BATH685 SQ FT

First Floor Plan Second Floor Plan

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THE CONSTRUCTION OF A 4 STORY MIXED USE BUILDING. THE FIRST FLOOR CONTAINS 2600 SF OF A COMMERCIAL STAIR, ELEVATOR LOBBY AND AN OPEN PARKING GARAGE. FLOORS 2-4 CONTAIN 24 APARTMENT DWELLING UNITS, (11) OF WHICH ARE 2 BEDROOMS & (13) 1-BEDROOM UNITS. THE FOURTH FLOOR HAS A COMMUNITY ROOM WITH A SHARED PORCH.

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THE CONSTRUCTION OF A 4 STORY MIXED USE BUILDING. THE FIRST FLOOR CONTAINS 2600 SF OF A COMMERCIAL STAIR, ELEVATOR LOBBY AND AN OPEN PARKING GARAGE. FLOORS 2-4 CONTAIN 24 APARTMENT DWELLING UNITS, (11) OF WHICH ARE 2 BEDROOMS & (13) 1-BEDROOM UNITS. THE FOURTH FLOOR HAS A COMMUNITY ROOM WITH A SHARED PORCH.

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FOURTH FLOOR PLAN J

COMMUNITYROOM215SF

695 SQ FT

PORCH60 SF

WH

860 SQ FTWH

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870 SQ FT

WH

WH

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625 SQ FT

WH

870 SQ FT

Third Floor Plan Fourth Floor Plan