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Multi-Tenant Office Building 100% Leased Multi-Tenant Investment 10555 SE 82nd Ave Clackamas, OR 97086

$2,150,000.00

5.10% CAP Rate

FOR MORE INFORMATION Blake Federinko Blake@MAJCRE.com 360.823.5111

Michael A. Jenkins Mike@MAJCRE.com 360.823.5102


THIS OFFERING PRESENTS the opportunity to acquire a 100% Leased Multi-Tenant Investment located in Clackamas, OR. The leases are staggered which assist the Landlord with minimizing the risk of multiple turnovers or vacancies. The property is ideally located at the controlled intersection of SE 82nd Ave and SE King Road. The property is also located just 5 minutes north of Clackamas Town Center, Clackamas’s premier shopping destination. Some of the surrounding businesses include, Burlington Coat Factory, Starbucks, WinCo Foods, AutoZone, Jack in the Box and much more.


Offering Summary Year Built:

1985 / 2012

Parking:

14 Spaces

Lot Size:

0.21 Acres

Stories:

3

Tenancy:

Multi-Tenant

Leased:

100%

Lease Type:

NNN / Gross

• Hard Corner Location • 5-Minutes from Clackamas Town Center • Rental Increases during the Initial Term (See enclosed rent roll) • Population +121,000 within a 3-mile radius


Property Photos

4


Operating Statement

6

Scheduled Income Allstate Insurance School of Music Salem Psychic Visions King Smile Dental Lemon Tea Massage All in the Family PM Renko NW, Inc

Total Gross Income Tenant Reimbursements Vacancy @ 3%

$14,347.92 $12,792.60 $11,742.00 $48,000.00 $18,862.80 $9,772.68 $8,400.00

$123,918.00 $37,200.00 ($4,833.54)

Expenses Property Taxes Insurance Electrical Garbage Water Repair/Maintenance Management Total Expenses

Net Operating Income CAP Rate

Sale Price

($13,493.00) ($1,929.00) ($10,776.00) ($2,060.00) ($2,136.00) ($4,996.00) ($11,215.00) ($46,605.00)

$109,679.00 5.10%

$2,150,000.00


Term Date

Monthly Rent

Annual Rent

PSF

Years

ALLSTATE

10/1/2019 10/1/2020 10/1/2021

$1,195.66 $1,255.44 $1,318.22

$14,347.92 $15,065.28 $15,818.64

$15.01 $15.76 $16.55

3 4 5

SCHOOL OF MUSIC

9/1/2019 9/1/2020

$1,066.05 $1,098.03

$12,792.60 $13,176.36

$15.56 $16.03

2 3

SALEM PSYCHIC VISIONS

5/1/2019 5/1/2020 5/1/2021

$950.00 $978.50 $1,007.86

$11,400.00 $11,742.00 $12,094.32

$13.87 $14.28 $14.71

1 2 3

KING SMILE DENTAL

1/1/2016 12/1/2021 12/1/2022 12/1/2023 12/1/2024 12/1/2025

$4,000.00 $4,100.00 $4,202.50 $4,307.56 $4,415.25 $4,525.63

$48,000.00 $49,200.00 $50,430.00 $51,690.72 $52,983.00 $54,307.56

$20.00 $20.50 $21.01 $21.54 $22.08 $22.63

1-5 6 7 8 9 10

LEMON TEA MASSAGE

4/1/2019 4/1/2020 4/1/2021 4/1/2022

$1,526.12 $1,571.90 $1,619.06 $1,667.63

$18,313.44 $18,862.80 $19,428.72 $20,011.56

$14.42 $14.85 $15.30 $15.76

2 3 4 5

ALL IN FAMILY PM

8/1/2019 8/1/2021

$814.39 $855.11

$9,772.68 $10,261.32

$13.63 $14.31

3-4 5-6

RENKO NW, INC

10/1/2018

$700.00

$8,400.00

$18.03

MTM

956 SQFT

822 SQFT

594 SQFT

2,400 SQFT

1,270 SQFT

717 SQFT

466 SQFT

* Gross income based on rents as of May 1st, 2020


Tenant Summary

8 TENANT: Allstate Insurance SQFT OCCUPIED: 908+/- SqFt TERM: 5-Year INCREASES: 5% Annual Increases EXTENDED TERMS: Two, 60 Month Extensions LEASE TYPE: NNN The Allstate Corporation protects people from life’s uncertainties with more than 113 million proprietary policies. Allstate offers a diverse range of policies including, auto, home, life and much more.

TENANT: King Smile Dentist SQFT OCCUPIED: 2,400+/- SqFt TERM: 10-Year INCREASES: 2.5% Annual Increases EXTENDED TERMS: One, 60 Month Extensions LEASE TYPE: NNN King Smile Dentistry offers superior dental services. Some of the services they offer are cleanings, digital x-rays, preventative care, filings, root canals and extractions and whitening’s.

TENANT: All in the Family PM SQFT OCCUPIED: 665+/- SqFt TERM: 5-Year INCREASES: 5% Annual Increases EXTENDED TERMS: Two, 60 Month Extensions LEASE TYPE: NNN All in the Family Property Management provides professional management to Oregon residential and commercial tenants.


TENANT: Lemon Tea Massage SQFT OCCUPIED: 1,270+/- SqFt TERM: 5-Year INCREASES: 3% Annual Increases EXTENDED TERMS: Two, 60 Month Extensions LEASE TYPE: Gross Lemon Tea Massage offers Therapeutic treatments by professional therapists that provide relief from stress, pain and chronic conditions. The company offers Swedish, Deep Tissue and Foot Massage treatments.

TENANT: Salem Psychic Visions SQFT OCCUPIED: 594+/- SqFt TERM: 2-Year INCREASES: 5% Annual Increases LEASE TYPE: Gross Psychic with more than 20 years of experience offers clients guidance with aura, palm and tarot-card readings.

TENANT: Renko NW, Inc SQFT OCCUPIED: 430+/- SqFt TERM: 1-Year INCREASES: 5% Annual Increases LEASE TYPE: Gross NW Renko, Inc. is a residential and commercial general contractor. The company specializes is array of expertise of custom commercial building needs. NW Renko, Inc. has over 30 years’ experience in the industry.

TENANT: Happy Valley School of Music SQFT OCCUPIED: 828+/- SqFt TERM: 3-Year INCREASES: 3% Annual Increases LEASE TYPE: Gross Happy Valley School of Music offers private lessons, group classes and workshops, jam sessions, and ensemble classes. They teach all instruments ranging from the Guitar, Banjo, Bass, Drums, Sax, Violin, Cello, and much more!


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Demographics

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5 MILE RADIUS

3 MILE RADIUS

1 MILE RADIUS


Median Age AGE

33.4 Years Old

Gender Male

49%

Female

51%

2019 Avg. Income

Population

1 Mile

$49,844

3 Mile

$65,291

5 Mile

$66,210

1 Mile

3 Mile

5 Mile

Est. 2019

16,595

121,552

336,521

Proj. 2024

17,518

127,630

355,872

Pop. Growth

5.56%

5.00%

5.75%


Clackamas Town Center

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CLACKAMAS TOWN CENTER is a Shopping Mall

established in 1981 in Portland, OR. It is managed and coowned by Brookfield Properties Retail Group and is currently anchored by J.C. Penny, Macy’s, Nordstrom and also includes a 20-screen Century movie theater. Clackamas Town Center is comprised of approximately +/- 1,230,000 SqFt and 172 stores. In September 2009, a new MAX Light Rail station opened at the mall, with the opening of the Green Line. The Clackamas Center Transit Center Station is the southern terminus of the Green Line and is located on the east side of the mall’s parking area. On the MAX Green Line you can go from downtown Portland to Clackamas Town Center in just 39 minutes. CLACKAMAS TOWN CENTER WEBSITE


Clackamas Promenade

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CLACKAMAS PROMENADE is an outdoor shopping

center directly across from the Clackamas Town Center Mall. There are over thirty-five services, restaurants and shops conveniently located at Exit 14 off I-205 in Clackamas, Oregon with the Promenade turn off prominently marked to ensure visitors to the area find it easily. The number of retailers available makes it easier to get everything done in one stop.

CLACKAMAS PROMENADE WEBSITE


300 West 15th Street, Suite 201 Vancouver, WA 98660 360.699.4494 www.MAJCRE.com

While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.

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