James Gillespie

Oregon Principal Broker

(503) 890-5775

jimgillespie@kw.com

Heather Miller

Licensed Oregon Broker

(503) 444-5819

heather_miller@kw.com

Leased Investment Portfolio 7103 SE 60th Avenue & 334 SE 146th Avenue

Portland, Oregon

334 SE 146th Avenue

Portland, Oregon 97233

FINANCIAL SUMMARY - PORTFOLIO

7103 SE 60th Avenue & 334 SE 146th Avenue

Portland, OR

TENANT DETAILS:

Established in 1997 - Creative Minds operates seven eco-friendly

and certified preschools and child development centers in the

Portland, Metropolitan Area. Creative Minds schools are proud to

offer media-free educational and healthy environments with the

children's interests and parent's needs in mind.

Cadence Education School of Excellence is leasing the buildings

dba as Creative Minds Learning Center. Cadence is a nationwide

tenant and is one of the largest, premier early childhood educators

in the United States, operating nearly 225 private preschools across

the country. With more than 27 years in business, Cadence

Education has developed an unparalleled expertise

in preparing students to thrive in the next step of

their childhood. For additional information about

Cadence Education, please visit

www.cadence-education.com.

Financial Analysis/Proforma

Purchase Price: $1,700,000

Down Payment: 30% $510,000

Principal Amount to finance $1,190,000

Interest Rate: 5%

Amortization: 25 years

Bldg SF 6,357

Cost Per SF $267.42

Tenant SF 2019

Creative Minds 6,357 $97,920

Operating Pass Thru $998 $11,976

Gross Income $109,896

Less Vacancy Reserves (5%) $5,495

Total Effective Rental Income $104,401

Less: Management Fees $5,915

Net Operating Income $98,486

Debt Service $59,500

Net Cash Flow after Debt Service $38,986

Principal Reduction $14,041

Total Return $53,027

Capitalization Rate 5.79%

Cash on Cash Return 7.64%

Total Return 10.40%

TENANT SUMMARY

*Tenant is responsible for all utilities, taxes, insurance, maintenance and

operating expenses.*

Lease Lease Monthly Increases

Tenant Comm. Term. Rent Rate Date Options

Gateway 3/30/18 2/28/28 $4,000.00 2% 3/30/20 (2) 5year

Woodstock 3/30/18 2/28/28 $4,000.00 2% 3/30/20 (2) 5year

PROPERTY INFORMATION

• Built in 1923

• +/- 1,278 SF Building

• +/- 21,350 SF Lot

• Lot Acres - .49

7103 SE 60th Avenue & 334 SE 146th Avenue

Portland, OR

• Built in 1967

• +/- 2,560 SF Building

• +/- 14,375 SF Lot

• Lot Acres - .33

Absolute NNN Leased Investment - Both locations have a 10 years lease with (2) 5 year options to renew. To be purchased

together; will not be sold separately. Please do not disturb the tenants.

LOCATION

SE Ogden St

7103 SE 60th Avenue

Portland, Oregon 97206

LOCATION

SE Stark St

334 SE 146th Avenue

Portland ,OR 97233

LOCATION

Woodstock: The Woodstock Neighborhood is quintessential Portland with lots of bungalows, local shops and a fun laidback vibe. Woodstock is located

in inner SE Portland between Holgate and Johnson Creek and 39th and 45-60th Avenues. Neighborhoods that are near the Woodstock Neighborhood are

Eastmoreland Heights, Creston Kenilworth and Reed. The Woodstock Neighborhood is known for its bustling commercial core on SE Woodstock Blvd

between SE 39th Ave and SE 52nd Avenue.

7103 SE 60th Avenue

Portland, OR 97206

Somewhat Walkable: Some errands can be accomplished on foot.

55 Walk Score

.Some Transit: A few nearby public transportation options. 42

Transit Score

Flat as a pancake, good bike lanes. 80

Bike Score

LOCATION

Gateway Business District Once considered the 'Gateway to the Columbia Gorge', the Gateway Business District stretches from

102nd to 162nd Avenues and covers nearly 25% of East Portland. Designated an Eco District in 2009, Gateway has committed to

be one of the most sustainable business districts in the city, planting more than 2,500 trees in the district (2014) and helping cus-

tomers recycle with unique garbage cans in the public right of way (2015).

By 2020, only one part of the Portland metropolitan region will stand

out for unequalled convenience: the I-205 corridor, anchored by the

Gateway Regional Center (GRC). This is because Gateway sits at the

nexus of two major freeways I-205 and I-84, light rail connections to

points east, west and (shortly) north, and four primary east-west arteri-

al collectors. It is the transit hub for the east side, and enjoys the luxury

of two light rail stations, one of which is a Transit Center.

334 SE 146th Avenue

Portland OR. 97233

Somewhat walkable 58 Walk Score

Good Transit 54 Transit Score

Very bikeable 77 Bike Score

AERIAL OVERVIEW

7103 SE 60th Avenue & 334 SE 146th Avenue

Portland, Oregon

DEMOGRAPHICS

2019 DEMOGRAPHICS ANALYSIS 1 Miles 3 Miles 5 Miles

Total Population 23,541 175,100 434,722

Total Number of Households 9,132 71,470 180,826

Total Number of Persons per Household 2.55 2.41 2.35

Average House Value 402,572 443,991 474,158

Average Household Income 78,490 84,546 91,309

Median Age 37.9 38.3 38.0

Population by Sex - Male 11,784 86,206 214,439

Population by Sex - Female 11,756 88,894 220,284

7103 SE 60th Ave.

Portland OR. 97206

60th & PROPERTY LOCATION - 1,240

60th & HENDERSON- 2,029

60th & SE LAMBERT- 1,246

2019 ADT TRAFFIC COUNTS

DEMOGRAPHICS

2019 DEMOGRAPHICS ANALYSIS 1 Miles 3 Miles 5 Miles

Total Population 25,770 172,993 360,760

Total Number of Households 8,905 61,577 134,007

Total Number of Persons per Household 2.84 2.75 2.65

Average House Value 285,681 298,666 343,598

Average Household Income 62,971 63,212 73,781

Median Age 33.7 35.8 37.0

Population by Sex - Male 12,932 84,938 177,638

Population by Sex - Female 12,838 88,055 183,122

334 SE 146th Ave.

Portland OR. 97233

2019 ADT TRAFFIC COUNTS

STARK & 146th - 23,501

BURNSIDE & 141st- 337

I48th BETWEEN STARK & BURNSIDE - 5,000

KELLER WILLIAMS REALTY PORTLAND CENTRAL

919 NE 19TH AVE, SUITE 100, PORTLAND, OR 97232 Each Office is independently owned and operated

Leased Investment Opportunity

7103 SE 60th Avenue Portland, OR 97206

334 SE 146th Ave.Portland OR 97233

Heather Miller

KW Commercial

Licensed Oregon Broker

(503) 444-5819

heather_miller@kw.com

James Gillespie

Foundation Commercial Group

Oregon Principal Broker

503.890.5775

jimgillespie@kw.com

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warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability,

financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

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a party unless otherwise agreed in writing.

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Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate

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consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or

assumptions. KW Commercial does 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 or performance. Any estimates of market rents and/

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