for sale owner/user opportunity

KW COMMERCIAL16365 Boones Ferry Rd,Lake Oswego, OR 97035

DENISE BROHOSKIOregon And Washington Licensed Broker0: [email protected]

For Sale Owner/User Opportunity

140 SW ARTHUR ST PORTLAND OR 97201

PRESENTED BY:

PORTLAND, OR

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

OFFERING SUMMARY

SALE PRICE: $1,950,000

BUILDING SIZE: 6,531 SF

ZONING:CM2 - Commercial

Mixed Use 2

MARKET: Portland

PRICE / SF: $298.58

PROPERTY OVERVIEWWithin blocks of I-5 and Hwy 405, this office building is conveniently located foraccess to anywhere in the Portland Metro area. This office building is also locatedin an Opportunity Zone offering tax incentives.

The light filled interior of the building offers an open concept work space. Thebuilding is elevator served and has 10 off street parking stalls.

PROPERTY HIGHLIGHTS

Within blocks of the I-5 and 405 freeways

Suite 100: 1,405 SF: Leased MTM

Suite 200: 2,345 SF: Kitchen, conference room, private office (Vacant)

Suite 300: 2,347 SF: Leased MTM

Capital Improvements: roof replaced 2014, HVAC units replaced in 2015,exterior of building painted in 2016

Executive Summary

140 SW ARTHUR ST PORTLAND OR 97201 |

http://www.kwcommercial.com/


SALE PRICE $1,950,000

LOCATION INFORMATION

Street Address 140 SW Arthur St

City, State, Zip Portland, OR 97201

County/Township Multnomah

Market Portland

BUILDING INFORMATION

Building Size 6,531 SF

Price / SF $298.58

Year Built 1982

Building Class B

Number Of Floors 3

Load Factor Yes

Roof 2015

PROPERTY DETAILS

Property Type Office

Property Subtype Office Building

Zoning CM2 - Commercial Mixed Use 2

PARKING & TRANSPORTATION

Number Of Spaces 10

Property Details




Property Photos




1st Floor Plan




2nd Floor Plan




3rd Floor Plan



LOCATION INFORMATION

1 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

1LOCATION INFORMATION140 SW ARTHUR ST PORTLAND OR 97201

OFFERING MEMORANDUM


140 SW Arthur St

Regional Map

140 SW ARTHUR ST PORTLAND OR 97201 1 | LOCATION INFORMATION



Location Maps




140 SW Arthur St

Aerial Map



SALE COMPARABLES

2 | SALE COMPARABLES

SALE COMPARABLES

2SALE COMPARABLES140 SW ARTHUR ST PORTLAND OR 97201

OFFERING MEMORANDUM

7

RBA

Price per SF

Actual Cap Rate

Days on Market

Sale Price to Asking Price Ratio

92.96%

$850,000

2,524 SF

$336.77

-

57

$4,142,857

10,615 SF

$390.28

-

335

95.86%

$2,700,000

7,316 SF

$389.56

-

225

95.86%

$11,200,000

26,000 SF

$430.77

-

1,093

98.75%

7

5

7

Price

For Sale & UC/Pending

Sold Transactions $870,000 $15,584,000 $4,750,000 $52,800,000 5


Sold Transactions 2,000 SF 51,555 SF 15,426 SF 187,199 SF

$282.05 $302.28 5

5.83% 6.17%

$366.16 $435.00

6.17% 6.50%

-

2


Sold Transactions


Sold Transactions


Sold Transactions

Sold Transactions

165 166 166 168

7

2

2

Total Included in Analysis:

Totals

Asking Price Total: Total For Sale Transactions:

Total Sales Volume: Total Sales Transactions:

Total Included in Analysis:


Sold Transactions

$29,000,000

$77,920,000

$106,920,000 12

7

5

Comps Statistics

CountHighMedianAverageLow

Quick Stats Report

Denise

Highlight

Denise

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Denise

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Denise

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Denise

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1 1800 SW 1st Ave - Harrison Square SOLD

R272240

Portland, OR 97201

Sale Date:

Pro Forma CapRate:

Price/SF:Sale Price:

Actual Cap Rate:

$282.05$52,800,000 - Confirmed01/24/2020 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Confirmed

Class A OfficeBuilt 1973 Renov 1992 Age: 47187,199 SF

Multnomah County

Research Status:Sale Conditions: -Comp ID: 5050918

2 404 NW 10th Ave - Dehen Bldg SOLD

R140560

Portland, OR 97209

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$370.00$3,700,000 - Confirmed05/04/2020 (165 days on mkt) Bldg Type:

Year Built/Age:RBA:

-6.50%

Parcel No:

Confirmed

Class B OfficeLoft/Creative SpaceBuilt 1910 Age: 11010,000 SF

Multnomah County


3 828-834 NW 19th Ave FOR SALE

Portland, OR 97209

Asking Price:

Actual Cap Rate:

Days on Market:Price/SF:

321$340.41$2,500,000

Bldg Type:Bldg Status:

RBA:

- Parcel No: R140914

Class C OfficeBuilt 19777,344 SF

Multnomah County

ActiveSale Status:

InvestmentSale Type:

Sale Conditions: -

4 3635 SW Hood Ave SOLD

R129230

Portland, OR 97239

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$435.00$870,000 - Full Value05/18/2021 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Full Value

Class B OfficeBuilt 1959 Age: 622,000 SF

Multnomah County


5 4614 SW Kelly Ave FOR SALE

Portland, OR 97239

Asking Price:

Actual Cap Rate:


225$389.56$2,850,000


RBA:



Multnomah County

ActiveSale Status:

Investment Or Owner UserSale Type:

Sale Conditions: -

6 4710 SW Kelly Ave FOR SALE

Portland, OR 97239

Asking Price:

Actual Cap Rate:


104$336.77$850,000


RBA:



Multnomah County

ActiveSale Status:


Sale Conditions: -

Sale Comparables

7 4747 SW Kelly Ave - Kelly Plaza FOR SALE

Portland, OR 97239

Asking Price:

Actual Cap Rate:


57$396.65$2,650,000


RBA:



Multnomah County

ActiveSale Status:


Sale Conditions: -

8 4949 S MacAdam Ave - Creative Office - Ground Floor FOR SALE

Portland, OR 97239

Asking Price:

Actual Cap Rate:


210$353.97$6,250,000


RBA:


Class B OfficeLoft/Creative SpaceBuilt 1979 Renov 201717,657 SF

Multnomah County

ActiveSale Status:


Sale Conditions: -

9 5320 SW Macadam Ave FOR SALE

Portland, OR 97239

Asking Price:

Actual Cap Rate:


336$398.00$2,700,000


RBA:


Class C OfficeBuilt 1981 Renov 20066,784 SF

Multnomah County

ActiveSale Status:

Owner UserSale Type:

Sale Conditions: -

10 5550 SW Macadam Ave - 5550 Building SOLD

R328530, R328531

Portland, OR 97239

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$366.16$15,800,000 - Confirmed05/07/2021 (168 days on mkt) Bldg Type:

Year Built/Age:RBA:

-5.83%

Parcel No:

Confirmed

Class B OfficeOffice BuildingBuilt 1983 Renov 2019 Age: 3843,151 SF

Multnomah County


11 1435 NW Northrup St - North Pearl Creative FOR SALE

Portland, OR 97209

Asking Price:

Actual Cap Rate:


1093$430.77$11,200,000


RBA:


Class A OfficeBuilt 192926,000 SF

Multnomah County

ActiveSale Status:

Owner UserSale Type:

Sale Conditions: -

12 1530 SW Taylor St SOLD

R246770

Portland, OR 97205

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$307.92$4,750,000 - Confirmed09/13/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Confirmed

Class B OfficeBuilt 1953 Age: 6615,426 SF

Multnomah County

Research Status:Sale Conditions: 1031 ExchangeComp ID: 4893521

Sale Comparables

RENT COMPARABLES

3 | RENT COMPARABLES

LEASE COMPARABLES

3RENT COMPARABLES140 SW ARTHUR ST PORTLAND OR 97201

OFFERING MEMORANDUM

Lease Comps SummaryLease Comps Report

17 $33.82 $34.56 10Deals Gross Asking Rent Per SF Gross Starting Rent Per SF Avg. Months On Market

LEASE COMPARABLES

SUMMARY STATISTICS

Rent Deals Low Average Median High

Gross Asking Rent Per SF

Gross Starting Rent Per SF

Gross Effective Rent Per SF

Asking Rent Discount

TI Allowance

Months Free Rent

17

2

1

2

-

-

$21.50

$22.00

$38.26

7.9%

-

-

$33.82

$34.56

$38.26

7.9%

-

-

$28.00

$28.50

$38.26

8.1%

-

-

8.3%

-

-

$41.00

$35.00

$38.26

Lease Attributes Deals Low Average Median High

Months on Market

Deal Size

Lease Deal in Months

Floor Number

17

17

7

17

1

167

24.0

1

10

3,895

29.0

8

8

1,396

24.0

6 26

29

24,523

60.0

Lease Comps SummaryLease Comps Report

Property Name - Address Rating SF Leased Floor Sign Date Rent Rent Type

Lease

Type

Rents

-1 Jeffrey Center529 3rd 6/10/2021 $23.00/fs Asking

1020 SW Taylor StNew

-2 1515 Market Square514 6th 6/9/2021 $27.00/fs Asking

1515 SW Fifth AveNew

-1 Jeffrey Center349 5th 5/28/2021 $23.00/fs Asking




-3 Riviera Plaza1,906 3rd 5/18/2021 $28.50/fs Asking

1618 SW First AveNew

-4 Jacobs Center24,523 4th 3/30/2021 $36.00/fs Asking

2020 SW 4th AveNew

-5 Unitus Plaza543 1st 3/23/2021 $22.00/fs Starting

1300 SW Sixth AveNew

-6 Century Tower1,504 2,6 2/18/2021 $22.00/fs Asking

1201 SW 12th AveNew

-7 900 SW 5th Ave15,610 26th 2/17/2021 $38.26/fs EffectiveNew

-8 Crown Plaza4,223 8th 12/16/2020 $31.00/fs Asking

1500 SW 1st AveNew


1500 SW 1st AveNew


1500 SW 1st AveNew

-9 Umpqua Bank Plaza1,141 18th 11/30/2020 $41.00/fs Asking

1 SW Columbia StNew


1500 SW 1st AveNew



-7 900 SW 5th Ave5,649 25th 9/28/2020 $33.00/fs AskingNew

-1 Jeffrey Center3,834 8th 6/16/2020 $25.00/fs Asking


http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D716903%26ProductMode%3DProperty%26SelectedTab%3Dlease%26external%3D1

















Lease Comps DetailsLease Comps Report

1 1020 SW Taylor St - Jeffrey CenterPortland, OR 97205 - CBD Submarket

RENTS

Asking Rent: $23.00/FS

PROPERTY EXPENSES

Taxes: $1.74/SF (2020)

LEASE

SF Leased: 529 SF

Sign Date: Jun 2021

Space Use: Office

Lease Type: Direct

Floor: 3rd Floor

Suite: 375

LEASE TERM

Start Date: Jul 2021

Lease Term: 2 Years

TIME VACANT

Date Vacated: Oct 2020

Date Occupied: Jul 2021

Months Vacant: 9 Months

TIME ON MARKET

Date On Market: Oct 2020

Date Off Market: Jun 2021

Months on Market: 9 Months

PROPERTY

Rentable Area: 105,442 SF

Stories: 8

Floor Size: 12,307 SF

Vacancy at Lease: 23.6%

Land Acres: 0.46

Property Type: Office

Status: Built 1925

Tenancy: Multi

Class: C

Construction: Masonry

Parking: Ratio of 3.50/1,000 SF

MARKET AT LEASE

Vacancy Rates 2021 Q2 YOY

5.6%

3.4%

5.6%Current Building 23.6%

Submarket 2-4 Star

Market Overall 11.1%

18.8%

Same Store Asking Rent/SF 2021 Q2 YOY

-1.6%

-0.1%

0.1%Current Building $24.03

Submarket 2-4 Star

Market Overall $28.13

$31.89

Submarket Leasing Activity 2021 Q2 YOY

1.1

-67.5%12 Mo. Leased SF 562,840

Months On Market 16.0



2 1515 SW Fifth Ave - 1515 Market SquarePortland, OR 97201 - CBD Submarket

RENTS


PROPERTY EXPENSES

Taxes: $1.08/SF (2020)

LEASE

SF Leased: 514 SF

Sign Date: Jun 2021

Space Use: Office

Lease Type: Direct

Floor: 6th Floor

Suite: 606

LEASE TERM


Lease Term: 2 Years

TIME VACANT

Date Vacated: Sep 2020



TIME ON MARKET

Date On Market: Aug 2020



PROPERTY


Stories: 10



Land Acres: 0.92


Status: Built 1981

Tenancy: Multi

Class: B

Construction: Reinforced Concrete

Parking: 216 Covered Space…

MARKET AT LEASE


5.6%

3.4%


Submarket 2-4 Star


18.8%


-1.6%

-0.1%


Submarket 2-4 Star


$31.89


1.1

-67.5%12 Mo. Leased SF 562,840





RENTS


PROPERTY EXPENSES

Taxes: $1.74/SF (2020)

LEASE

SF Leased: 349 SF

Sign Date: May 2021

Space Use: Office

Lease Type: Direct

Floor: 5th Floor

Suite: 555

LEASE TERM

Start Date: Jun 2021

Lease Term: 2 Years

TIME VACANT


Date Occupied: Jun 2021


TIME ON MARKET

Date On Market: Jun 2020



PROPERTY


Stories: 8



Land Acres: 0.46


Status: Built 1925

Tenancy: Multi

Class: C



MARKET AT LEASE


5.6%

3.4%


Submarket 2-4 Star


18.8%


-1.6%

-0.1%


Submarket 2-4 Star


$31.89


1.1

-67.5%12 Mo. Leased SF 562,840





RENTS


PROPERTY EXPENSES

Taxes: $1.74/SF (2020)

LEASE

SF Leased: 354 SF

Sign Date: May 2021

Space Use: Office

Lease Type: Direct

Floor: 6th Floor

Suite: 640

LEASE TERM


Lease Term: 2 Years

TIME VACANT

Date Vacated: Feb 2021



TIME ON MARKET

Date On Market: Jan 2021



PROPERTY


Stories: 8



Land Acres: 0.46


Status: Built 1925

Tenancy: Multi

Class: C



MARKET AT LEASE


5.6%

3.4%


Submarket 2-4 Star


18.8%


-1.6%

-0.1%


Submarket 2-4 Star


$31.89


1.1

-67.5%12 Mo. Leased SF 562,840




3 1618 SW First Ave - Riviera PlazaPortland, OR 97201 - CBD Submarket

RENTS


PROPERTY EXPENSES

Taxes: $1.82/SF (2020)

LEASE

SF Leased: 1,906 SF

Sign Date: May 2021

Space Use: Office

Lease Type: Direct

Floor: 3rd Floor

Suite: 314, 318

LEASE TERM


TIME VACANT

Date Vacated: Apr 2021



TIME ON MARKET

Date On Market: Apr 2021

Date Off Market: May 2021


PROPERTY


Stories: 5



Land Acres: 1.62


Status: Built 1967

Tenancy: Multi

Class: B



MARKET AT LEASE


5.6%

3.4%


Submarket 3-5 Star


18.9%


-1.9%

-0.1%


Submarket 3-5 Star


$33.40


1.1

-67.5%12 Mo. Leased SF 562,840




4 2020 SW 4th Ave - Jacobs CenterPortland, OR 97201 - CBD Submarket

RENTS


CONCESSIONS AND BUILDOUT

Buildout: Standard Office

Buildout Status: Partial Build-Out

Space Condition: Excellent

PROPERTY EXPENSES

Taxes: $2.58/SF (2020)

Operating Exp.: $6.41/SF (2012-Est)

LEASE

SF Leased: 24,523 SF

Sign Date: Mar 2021

Space Use: Office

Lease Type: Direct

Floor: 4th Floor

Suite: 400

LEASE TERM


TIME VACANT




TIME ON MARKET


Date Off Market: Mar 2021


PROPERTY


Stories: 10



Land Acres: 1.07


Status: Built 1982

Tenancy: Multi

Class: A



MARKET AT LEASE


4.2%

2.9%


Submarket 3-5 Star


17.2%


-1.9%

-0.5%


Submarket 3-5 Star


$33.28


1.1

-64.5%12 Mo. Leased SF 641,701




5 1300 SW Sixth Ave - Unitus PlazaPortland, OR 97201 - CBD Submarket

TENANT

Tenant Name: TechSpeed, Inc.

Industry: Professional, Scientific, and Technical Services

RENTS


Starting Rent: $22.00/FS


Asking Discount: 8.33%

PROPERTY EXPENSES

Taxes: $4.46/SF (2018)

LEASE

SF Leased: 543 SF

Sign Date: Mar 2021

Space Use: Office

Lease Type: Direct

Floor: 1st Floor

Suite: 140

LEASE TERM

Start Date: Apr 2021

Expiration Date: Apr 2023

Lease Term: 2 Years

TIME VACANT

Date Vacated: Jul 2020

Date Occupied: Apr 2021


TIME ON MARKET

Date On Market: Jul 2020



PROPERTY


Stories: 5



Land Acres: 0.92


Status: Built 1964

Tenancy: Multi

Class: B



MARKET AT LEASE


5.0%

2.9%


Submarket 1-3 Star


17.4%


-4.5%

-0.5%


Submarket 1-3 Star


$27.50


1.1

-64.5%12 Mo. Leased SF 641,701




6 1201 SW 12th Ave - Century TowerPortland, OR 97205 - CBD Submarket

RENTS

Asking Rent: $21.00-$22.00/FS


Buildout: Standard Office

Buildout Status: Full Build-Out

Space Condition: Average

PROPERTY EXPENSES

Taxes: $2.15/SF (2020)

Operating Exp.: $6.78/SF (2011)

LEASE

SF Leased: 1,504 SF

Sign Date: Feb 2021

Space Use: Office

Lease Type: Direct

Floor: 2, 6 Floor

Suite: 200, 605

LEASE TERM

Start Date: Mar 2021

TIME VACANT

Date Vacated: Jul 2020

Date Occupied: Mar 2021


TIME ON MARKET


Date Off Market: Feb 2021


PROPERTY


Stories: 6



Land Acres: 1.00


Status: Built 1965

Tenancy: Multi

Class: B


Parking: 20 Surface Spaces…

MARKET AT LEASE


5.0%

2.9%


Submarket 1-3 Star


17.4%


-4.5%

-0.5%


Submarket 1-3 Star


$27.50


1.1

-64.5%12 Mo. Leased SF 641,701




7 900 SW 5th AvePortland, OR 97204 - CBD Submarket

TENANT

Tenant Name: Esri

Industry: Professional, Scientific, and Technical Services

RENTS


Starting Rent: $35.00/FS

Effective Rent: $38.26/FS

Escalations: $1 Annual


Asking Discount: 7.89%

PROPERTY EXPENSES

Taxes: $3.77/SF (2020)

LEASE

SF Leased: 15,610 SF

Sign Date: Feb 2021

Space Use: Office

Lease Type: Direct

Floor: 26th Floor

LEASE TERM


Expiration Date: May 2029

TIME VACANT




TIME ON MARKET

Date On Market: Sep 2018



PROPERTY


Stories: 27



Land Acres: 0.92


Status: Built 1971

Tenancy: Multi

Class: A

Construction: Steel


MARKET AT LEASE


3.5%

2.9%

-1.7%Current Building 9.1%

Submarket 4-5 Star


16.1%


0.2%

-0.5%


Submarket 4-5 Star


$37.39


1.1

-64.5%12 Mo. Leased SF 641,701




8 1500 SW 1st Ave - Crown PlazaPortland, OR 97201 - CBD Submarket

RENTS



Buildout: Law Firm



PROPERTY EXPENSES

Taxes: $2.41/SF (2020)


LEASE

SF Leased: 4,223 SF

Sign Date: Dec 2020

Space Use: Office

Lease Type: Direct

Floor: 8th Floor

Suite: 800

LEASE TERM

Start Date: Feb 2021

TIME VACANT


Date Occupied: Feb 2021

Months Vacant: 13 Days

TIME ON MARKET


Date Off Market: Dec 2020


PROPERTY


Stories: 11



Land Acres: 0.92


Status: Built 1971

Tenancy: Multi

Class: A



MARKET AT LEASE


3.2%

2.7%


Submarket 2-4 Star

Market Overall 9.7%

15.9%


-2.0%

-0.3%


Submarket 2-4 Star


$31.58


-0.4

-34.3%12 Mo. Leased SF 1,040,193





RENTS


PROPERTY EXPENSES

Taxes: $2.41/SF (2020)


LEASE

SF Leased: 2,610 SF

Sign Date: Dec 2020

Space Use: Office

Lease Type: Direct

Floor: 6th Floor

Suite: 680

LEASE TERM

Start Date: Jan 2021

TIME VACANT


Date Occupied: Jan 2021


TIME ON MARKET




PROPERTY


Stories: 11



Land Acres: 0.92


Status: Built 1971

Tenancy: Multi

Class: A



MARKET AT LEASE


3.2%

2.7%


Submarket 2-4 Star

Market Overall 9.7%

15.9%


-2.0%

-0.3%


Submarket 2-4 Star


$31.58


-0.4

-34.3%12 Mo. Leased SF 1,040,193





RENTS



Buildout: Law Firm



PROPERTY EXPENSES

Taxes: $2.41/SF (2020)


LEASE

SF Leased: 1,396 SF

Sign Date: Dec 2020

Space Use: Office

Lease Type: Direct

Floor: 8th Floor

LEASE TERM


TIME VACANT



TIME ON MARKET




PROPERTY


Stories: 11



Land Acres: 0.92


Status: Built 1971

Tenancy: Multi

Class: A



MARKET AT LEASE


3.2%

2.7%


Submarket 2-4 Star

Market Overall 9.7%

15.9%


-2.0%

-0.3%


Submarket 2-4 Star


$31.58


-0.4

-34.3%12 Mo. Leased SF 1,040,193




9 1 SW Columbia St - Umpqua Bank PlazaPortland, OR 97258 - CBD Submarket

RENTS


PROPERTY EXPENSES

Taxes: $4.42/SF (2020)

LEASE

SF Leased: 1,141 SF

Sign Date: Nov 2020

Space Use: Office

Lease Type: Direct

Floor: 18th Floor

Suite: 1885

LEASE TERM


TIME VACANT

Date Vacated: Jan 2020



TIME ON MARKET




PROPERTY


Stories: 19



Land Acres: 0.92


Status: Built 1974

Tenancy: Multi

Class: A


Parking: Surface Spaces @ $…

MARKET AT LEASE


3.4%

2.7%


Submarket 3-5 Star

Market Overall 9.7%

16.0%


-1.8%

-0.3%

-0.6%Current Building $39.01

Submarket 3-5 Star


$33.12


-0.4

-34.3%12 Mo. Leased SF 1,040,193





RENTS




PROPERTY EXPENSES

Taxes: $2.41/SF (2020)


LEASE

SF Leased: 1,376 SF

Sign Date: Oct 2020

Space Use: Office

Lease Type: Direct

Floor: 7th Floor

Suite: 730

LEASE TERM

Start Date: Nov 2020

TIME VACANT

Date Vacated: Dec 2019

Date Occupied: Nov 2020


TIME ON MARKET

Date On Market: Jun 2019

Date Off Market: Oct 2020


PROPERTY


Stories: 11



Land Acres: 0.92


Status: Built 1971

Tenancy: Multi

Class: A



MARKET AT LEASE


3.2%

2.7%


Submarket 2-4 Star

Market Overall 9.7%

15.9%


-2.0%

-0.3%


Submarket 2-4 Star


$31.58


-0.4

-34.3%12 Mo. Leased SF 1,040,193





RENTS


PROPERTY EXPENSES

Taxes: $1.74/SF (2020)

LEASE

SF Leased: 167 SF

Sign Date: Oct 2020

Space Use: Office

Lease Type: Direct

Floor: 8th Floor

Suite: 808

LEASE TERM


Lease Term: 2 Years

TIME VACANT

Date Vacated: May 2020



TIME ON MARKET


Date Off Market: Oct 2020


PROPERTY


Stories: 8



Land Acres: 0.46


Status: Built 1925

Tenancy: Multi

Class: C



MARKET AT LEASE


3.2%

2.7%


Submarket 2-4 Star

Market Overall 9.7%

15.9%


-2.0%

-0.3%


Submarket 2-4 Star


$31.58


-0.4

-34.3%12 Mo. Leased SF 1,040,193




7 900 SW 5th AvePortland, OR 97204 - CBD Submarket

RENTS


PROPERTY EXPENSES

Taxes: $3.77/SF (2020)

LEASE

SF Leased: 5,649 SF

Sign Date: Sep 2020

Space Use: Office

Lease Type: Direct

Floor: 25th Floor

LEASE TERM


TIME VACANT




TIME ON MARKET

Date On Market: Sep 2018

Date Off Market: Sep 2020


PROPERTY


Stories: 27



Land Acres: 0.92


Status: Built 1971

Tenancy: Multi

Class: A

Construction: Steel


MARKET AT LEASE


2.0%

1.7%


Submarket 4-5 Star

Market Overall 8.8%

13.6%


2.4%

1.1%


Submarket 4-5 Star


$37.35


-0.2

2.2%12 Mo. Leased SF 1,427,423





RENTS


PROPERTY EXPENSES

Taxes: $1.74/SF (2020)

LEASE

SF Leased: 3,834 SF

Sign Date: Jun 2020

Space Use: Office

Lease Type: Direct

Floor: 8th Floor

Suite: 865/870

LEASE TERM


Lease Term: 5 Years

TIME VACANT

Date Vacated: Jan 2020



TIME ON MARKET

Date On Market: Jan 2020



PROPERTY


Stories: 8



Land Acres: 0.46


Status: Built 1925

Tenancy: Multi

Class: C



MARKET AT LEASE


0.7%

0.6%


Submarket 2-4 Star

Market Overall 7.8%

13.3%


2.2%

3.3%


Submarket 2-4 Star


$32.43


2.4

17.7%12 Mo. Leased SF 1,731,392



RentsLease Comps Report

$33.82 $34.56 $38.26 -Gross Asking Rent Per SF Gross Starting Rent Per SF Gross Effective Rent Per SF Avg. Months Free Rent

DEALS BY GROSS ASKING, GROSS STARTING, AND GROSS EFFECTIVE RENT

DEALS BY MONTHS FREE RENTDEALS BY ASKING RENT DISCOUNT

DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

CONFIDENTIALITY & DISCLAIMER

4DEMOGRAPHICS140 SW ARTHUR ST PORTLAND OR 97201

OFFERING MEMORANDUM


POPULATION 1 MILE 3 MILES 5 MILES

Total population 17,597 141,800 373,528

Median age 34.0 36.7 37.0

Median age (male) 35.1 37.3 37.1

Median age (Female) 32.9 36.6 37.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 10,422 77,827 178,967

# of persons per HH 1.7 1.8 2.1

Average HH income $65,386 $71,294 $77,094

Average house value $592,143 $487,955 $438,653

* Demographic data derived from 2010 US Census

Demographics Map

140 SW ARTHUR ST PORTLAND OR 97201 4 | DEMOGRAPHICS



KW COMMERCIAL

16365 Boones Ferry Rd,

Lake Oswego, OR 97035

Confidentiality & Disclaimer

DENISE BROHOSKIOregon And Washington Licensed Broker0: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Lake Oswego in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

PORTLAND, OR


for sale owner/user opportunity

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