630 NW 14th

Page 1

FOR SALE COMMONGROUNDS PEARL CONTEMPORARY OFFICE CONDO IN PORTLAND'S PEARL DISTRICT JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251 *Professional Photography To Be Completed Upon an Executed Representation Agreement BRAD MACOMBER Senior Advisor 503.218.4380 brad.macomber@cinw.com OR 200908061 | WA 95748

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial 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 regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.

LEGAL DISCLAIMER
CONTENT 15 THE SYNOPSIS 16 MARKET SNAPSHOT 18-19 SALE OFFERING 20-21 PROPERTY PHOTOS 22-23 FLOOR PLANS 05 OUR TEAM 06 JUSTIN POOR | BRAD MACOMBER 07 A TEAM APPROACH 08 SALES TRACK RECORD 10 CINW | MARKETING PLAN 24 THE NUMBERS 25 VALUATION 26-27 MARKET COMPS 28 THE DETAILS 30-31 AREA MAP 32 AREA OVERVIEW 33 DEMOGRAPHICS
4 630 NW 14TH REDEFINE YOUR COMPANY CULTURE WITH THIS OPEN CONCEPT MODERN OFFICE SPACE
COMMERCIAL INTEGRITY NW | PORTLAND, OR OUR TEAM

JUSTIN POOR

Principal Advisor

Capital Markets

. 503.218.4380

. 503.961.5594

200705229

Commercial Integrity NW was founded on the principal in its name. In a transactional world, the strength and simplicity in Integrity is often overlooked. Our team of Investment Professionals strives to combine true integrity, over forty-plus years of unmatched sales and advisory experience and real-time expertise in the leasing and investment sales market while prioritizing the responsibility to do right.

109251

Prior to starting Commercial Integrity NW, Justin spent nearly ten years at a leading national brokerage firm and served as Vice President of Investments before taking on the new challenge of creating a company with a different approach. Justin has been recognized multiple times not only as a top performer in the Pacific Northwest market but nationwide, as well. In 2012, 2013, 2014 and 2015, he received the National Sales Recognition Award along with the National Achievement Award in 2014 and 2015, distinguishing him nationally as a Top Producer. Justin was ranked the Number One Agent in the Portland Office in 2012 and again in 2014. Justin and CINW bring extensive retail transaction experience to the marketplace. Since 2007, Justin has assisted clients in the acquisition and disposition of single, multi-tenant and mixed-use retail investments and has brokered over one-half billion dollars in commercial transactions. As Principal Advisor of CINW, Justin continues to develop comprehensive and innovative approaches to the marketing and selling of investment properties in the Pacific Northwest.

BRAD MACOMBER

Director of Leasing

Senior Advisor

o. 503.218.4380

. 503.720.0684

200908061

95748

Commercial Integrity NW is pleased to welcome Brad Macomber to our team. Brad introduces a new but synergistic service to our clients as Director of Leasing and Senior Advisor. Commercial Integrity NW will now provide clients advisory services through leasing, representing both Landlords and Tenants. This is a key addition and complementary to our growing investment advisory services we currently provide. Prior to beginning his career in real estate, Brad spent five years practicing law in Portland, actively participating in litigation of real estate disputes and breach of contracts. Such a legal background has provided him with an ideal skill set to conduct the day-to-day contract and lease negotiations demanded by his position. Brad has also previously owned and operated a handful of retail establishments in downtown Portland, giving him key insight and the ability to comprehend both Landlord and Tenant needs from multiple perspectives. Brad joined CINW with 10 years prior experience of Landlord and Tenant Representation, as well as Retail Investment Sales at a local commercial real estate firm in Portland. There he earned the title of Top Producer in 2014 and was recognized as the number one retail leasing broker five out of the last six years.

o
c
justin.poor@cinw.com OR
| WA
c
brad.macomber@cinw.com OR
| WA

OUR INTENT

Commercial Integrity NW was founded on the principal in its name. In a transactional world, the strength and simplicity in integrity is often overlooked. CINW strives to combine true integrity with over twenty-plus years of unmatched sales and advisory experience while prioritizing the responsibility to do right.

E A S I N

POOR

CHRISTINE

INVESTMENT

SALES AND LEASING

Single Tenant/ Multi-Tenant/MixedUse Retail Assets. First Time and Seasoned Investors.

Private and Institutional Clients. Northwest Focused with a National Reach.

ADVISORY SERVICE

A Dynamic Approach to Uncovering Latent Value.

Design Strategies to Achieve Both Your ShortTerm and Long-Term Goals. Advisory Services Including: Lease Renewals, Market Analysis and our Intelligent Pricing Model.

S Y

SYNERGISTIC PERSPECTIVE

Our Investment Advisory Team Works Collaboratively on your Behalf.

We Utilize our Synergies to Expose and Activate Untapped Value. Our Innovative Process Captures Value Today and Solidifies it for Tomorrow

630 NW 14TH 7 TITLE INTENT SELASTNEMTSEVNI DNA L
G ADVISORYSERVICE A
N EVITCEPSREPCITSIGRE A TEAM APPROACH BRAD MACOMBER Senior Advisor Director of Leasing JUSTIN
Principal Advisor Capital Markets JESSA SMITH Marketing Specialist
MORREIRA Operations Analyst

WELLS

NOTABLE

EAST

8 630 NW 14TH
SALESNOTABLE SALES
FARGO 2266 NE BURNSIDE RD, GRESHAM, OR BUILDING SF: 4,974 LAND SF : 40,946 PRICE: $1,900,000 DESCRIPTION: STNL PALEY'S PLACE 1202-1210 NW 21ST AVE PORTLAND, OR BUILDING SF: 6,030 LAND SF: 5,000 PRICE : $1,450,000 ASSET TYPE: RETAIL WILLIAMS + SONOMA 328-338 NW 23RD AVE PORTLAND, OR BUILDING SF: 23,000 LAND SF: 12,500 PRICE: $12,275,000 DESCRIPTION: RETAIL JAKE'S FAMOUS CRAWFISH 401–409 SW 12TH AVENUE 411–417 SW 12TH AVENUE PORTLAND, OR BUILDING(S) SF: 48,125 LAND SF: 10,000 PRICE : $16,000,000 ASSET TYPE: MULTI-FAMILY/ RETAIL
BURNSIDE STATION 5512 E BURNSIDE ST PORTLAND, OR BUILDING SF: 30,284 LAND SF : 92,520 PRICE: $8,643,000 DESCRIPTION: RETAIL JACK IN THE BOX 921 SE POWELL PORTLAND, OR BUILDING(S) SF: 2,636 LAND SF: 8,500 PRICE : $2,000,000 ASSET TYPE: RETAIL
630 NW 14TH 9 NOTABLE LEASESNOTABLE LEASES AFURI RAMEN + DUMPLING  1620 NW 21ST , PORTLAND LEASED SF: 3,812 LEASE TYPE : NNN PRICE PSF: $35.00 DESCRIPTION: RESTAURANT BROADWAY AND GRAND 1621 NE GRAND AVE, PORTLAND LEASED SF: 1,270 LEASE TYPE : NNN PRICE PSF: $25.75 DESCRIPTION: RETAIL MIKE'S DRIVE IN (FORMER US BANK) 3233 N LOMBARD ST LEASED SF: 2,200 LEASE TYPE : NNN PRICE PSF: $35.00 DESCRIPTION: RESTAURANT/ RETAIL STARBUCKS (FORMER WEST COAST BANK) 7415 NE IMBRIE DR HILLSBORO LEASED SF: 4,000 LEASE PSF: $31.12 NNN LEASE TERM: 10YR (2019) DESCRIPTION: RESTAURANT/RETAIL THE RITZ CARLTON (MASTER LEASE) 12555 SW 1ST AVE, BEAVERTON LEASED SF: 8,000 LEASE TYPE : NNN PRICE PSF: $42.00 DESCRIPTION: RESTAURANT

CREATE A UNIQUE OFFERING MEMORANDUM

We want to display your asset in the best way possible. That’s why our creative marketing team will spend the time producing marketing material that will stand out from all of the rest.

PUT YOUR PROPERTY IN FRONT OF OUR "SELECT BUYER LIST"

Your property will find the country’s most active Investors and Owners/Users who we work closely with to ensure a competitive landscape during our marketing period. Our "Select Buyer List" includes over 6,100 active Investors and Owner/Users in the Pacific Northwest. Our Buyer list is growing on a weekly basis and is the result of building lasting and successful relationships across the country for over a decade.

TRACK AND TARGET THE COUNTRY'S MOST RECENT & ACTIVE INVESTORS

Our research team is constantly following the market and stays current on all investment transactions completed on the West Coast and throughout the country. We specifically target scores of new Investors on a daily basis who have just completed a sale or who are actively looking to purchase investment assets.

OVER THE LAST 6 MONTHS IN OREGON, WASHINGTON & CALIFORNIA ALONE:

• 5,404 Investment Transactions Between One Million and Five Million Dollars

• 948 Investment Transactions Between Five Million and Ten Million Dollars

These are the Investors who pay top dollar! When we represent a new asset in the market place, our team prides itself on taking a proactive approach with this specific group of Investors. Whether it is a personal phone call or reaching them through our various marketing efforts - its these connections that make the difference.

YOUR ASSET DESERVES TO STAND OUT AND ATTRACT THE RIGHT INVESTOR 1. 2. 3. 10 630 NW 14TH CINW MARKETING

WITH UNMATCHED DIGITAL & PRINT EXPOSURE ACROSS THE REGION & NATION

As your acting partner in the sale of your asset, CINW spends the marketing dollars to ensure MAXIMUM exposure across all media channels and outlets, both old and new. We take a new-age approach to both digital and print media, leaving our competition behind. Your asset will be noted and advertised in both local and national print and digital publications. We will utilize all marketing and social media platforms so your asset covers the entire market. Although we value our relationships with the countless Investors and Brokers we’ve worked with, we know the Brokerage community can only add value to our listings.

• Big Boys Blast: Reaches 100,000 Investors, and Real Estate Professionals Nationwide & in Canada bigboysblast.com

• The Portland Business Journal: CINW will Schedule an Interview and Have the Property Featured in an Article bizjournals.com/portland

• RENTV: Reaches 16,000 Real Estate Professionals 3x per Week rentv.com

• National Real Estate Investor: Reaches 80,000 Newsletter Subscribers nreionline.com

Center Business: Reaches 102,000 Monthly

& Digital Subscribers

• Western Real Estate Business Magazine: rebusinessonline.com/ category/western

• Property Send: Reaches 120,000 Buyers, Brokers, Agents Nationwide propertysend.com

• Daily Journal of Commerce: Reaches 8,000 Newsletter Subscribers djcoregon.com

• Multnomah Athletic Club

Winged M: Reaches 22,000 Members

COMPLEMENTING OUR EFFORTS
4.
The
Shopping
Print
shoppingcenterbusiness.com
630 NW 14TH 11 CINW MARKETING
• Professional/ Aerial Photography • Produce marketing material, including property flyer, OM, digital marketing materials for online promotion, and signage • Client review and approval of marketing material • Refine the active buyer dream list • The most active buyers in the market targeted for your specific asset • Vet potential investors as Confidentiality Agreements are executed • Press Release • Marketing Report to Ownership • Update marketing material as needed • Personal contact via phone calls, emails or in person with targeted list • Associate data analyst identifying new to market prospects ongoing • Present opportunity to marketplace through media channels including: CINW website, CoStar, LoopNet, Crexi, Real Capitol Markets • Execute marketing email campaigns to most active buyers locally, regionally, and West Coast • Ongoing walkthroughs at the property • Negotiate Offers • Update marketing material as needed PRIORWEEKSWEEKS TO RELEASE TO MARKET ONGOING2-41-20 • Social Media campaign on market relevant social media platforms: LinkedIn, Facebook, Twitter, Instagram • Personally contact Investor, Exchange Accomodaters, Exchange Clients, & Brokers with external marketing pieces • Update Marketing Materials as needed COMMONGROUNDS OFFICE CONDO 630 NW 14TH AVE, PORTLAND, OR 12 630 NW 14TH CINW MARKETING
COMMONGROUNDS OFFICE CONDO 630 NW 14TH AVE, PORTLAND, OR OUR OMNI-CHANNEL MARKETING APPROACH PUTS YOUR ASSET IN FRONT OF THE MOST ACTIVE INVESTORS, OWNER-USER OCCUPIERS, AND EXCHANGE BUYERS IN THE MARKET 630 NW 14TH 13 CINW MARKETING
118,185+ VPD PASS THIS LOCATION ON I-405 EXPRESSWAY
OFFICE CONDO | PORTLAND , OR THE SYNOPSIS OFFICE CONDO | 14,000 SF
16 630 NW 14TH MARKET SNAPSHOT THE MARKET IS CHANGING THE INTEREST RATE ENVIRONMENT IS ALL UP FROM HERE 4.00 10YR TREASURY MARKET SNAPSHOTS
CONSUMER SPENDING WITHIN A 5 MILE RADIUS: $16B ANNUALLY
$4.2M-$4.5M $300-$321 PSF 18 630 NW 14TH 630 NW 14TH AVE, PORTLAND, OR SALE OFFERING Condo . . .14,000 SF Price . . . $4.2M-$4.5M $ PSF . . .$300-$321 PSF Parking . . . Street Built . . . 1925 Condo Type . . . Office Owner Co-Op . . .NO Consumer Spending (5 mile) . . . $16B COMMONGROUNDS PEARL DISTRICT

• Espresso Coffee bar & 17 foot ceilings in the light filled Grand Foyer.

• Fully furnished offices with sit-stand desks for the modern working environment.

• One of the most favorable locations in Portland with a walk score of 98 and bike score of 95.

• Just two blocks from the 405 expressway (118,185+ VPD) and a 5-minute drive to I-5/ US-30 north & south bound (117,636+ VPD).

• Annual Consumer Spending is 16B within a 5-mile radius.

• A new 227 room boutique hotel, the 'Portland Proper', is slated to begin breaking ground right next door within the next two years.

• This location is comfortably situated amongst numerous major Retail and attractions including: REI, 24-Hour Fitness, Rite Aid, or Brix Tavern, Powell's Books, McMenamins Crystal Ballroom, and Ground Kontrol .

630 NW 14TH 19 SALE OFFERING
20 630 NW 14TH PROPERTY PHOTOS
630 NW 14TH 21 PROPERTY PHOTOS
22 630 NW 14TH FLOOR PLANSFIRST FLOOR Ground Floor Access Conference Rooms (1) Secure Bike Storage Restrooms Barista Communual Seating Shared Kitchen & Pantry Reception w/ Mail Delivery
630 NW 14TH 23 FLOOR PLANS MEZZANINEPrivate Desks (18) Private Phone Booths (2) Conference Rooms (3) Restrooms Communual Seating Print & Scan Station
OFFICE CONDO | PORTLAND , OR THE NUMBERS VALUATION
630 NW 14TH 25 TITLE Property Name COMMONGROUNDS - Pearl District 630 NW 14th Ave Portland, OR Price PSF Building $300 PSF - $321 PSF Offering Price Range $4.2M-$4.5M $4.2M-$4.5M $300 - $321 PSF VALUATION SALE OFFERING: 630 NW 14TH AVE OFFICE CONDO PORTLAND, OREGON AVAILABLE SF: 14,000 PSF: $300-$321 PRICE: $4.2M-$4.5M LAND PSF: $34 BUILT: 1925 ON MARKET DESCRIPTION: OFFICE CONDO
26 630 NW 14TH ON MARKET SALE COMPARABLES RECENTLY SOLD BY COMMERCIAL INTEGRITY NW 3-FLOOR OWNERSHIP CONDO 1325 NW FLANDERS STREET, PORTLAND,OR RBA: 15,000 SF PSF: $299.33 PRICE: $4,490,000 OWNER-USER BUILT: 1911 ON MARKET DESCRIPTION: OFFICE CHARLES BERG BUILDING 611-615 SW BROADWAY ST. PORTLAND, OR RBA: 19,424 SF PSF: $218.80 PRICE: $4,250,000 OWNER-USER BUILT: 1902 ON MARKET DESCRIPTION: OFFICE PORTER BUILDING 221-277 SW PINE ST, PORTLAND,OR RBA: 8,311 SF PSF: $194.96 PRICE: $2,345,000 OWNER-USER BUILT: 1899 ON MARKET DESCRIPTION: OFFICE 720 NE FLANDERS ST, PORTLAND OR RBA: 12,988 PSF: $296.43 PRICE: $3,850,000 OWNER-USER BUILT: 1981 ON MARKET DESCRIPTION: OFFICE
630 NW 14TH 27 TITLEOFFICE SALE COMPARABLES RECENTLY LEASED BY COMMERCIAL INTEGRITY NW 711 NE HALSEY ST PORTLAND, OR RBA: 10,200 SF PSF: $347.55 PRICE: $3,545,000 BUILT: 1993 SOLD: 9.9.21 DESCRIPTION: OFFICE THE CREAMERY 240 SE 2ND AVE PORTLAND, OR RBA: 14,374 SF PSF: $313.07 PRICE: $4,500,000 BUILT: 1937 SOLD: 4.29.22 DESCRIPTION: OFFICE POWERS BLDG 65 SW YAMHILL ST PORTLAND, OR RBA: 15,000 SF PSF: $220.86 PRICE: $3,600,000 BUILT: 1885 SOLD: 8.4.22 DESCRIPTION: OFFICE 4TH & STARK BLDG 407 SW STARK ST PORTLAND, OR RBA: 15,000 SF PSF: $205.88 PRICE: $2,100,000 BUILT: 1910 SOLD: 7.18.22 DESCRIPTION: OFFICE 1410 NW JOHNSON ST PORTLAND, OR RBA: 10,200 SF PSF: $276.65 PRICE: $5,533,000 BUILT: 1909 SOLD: 10.15.20 DESCRIPTION: OFFICE DEHEN BLDG 404 NW 10TH AVE PORTLAND, OR RBA: 14,374 SF PSF: $246.67 PRICE: $3,700,000 BUILT: 1910 SOLD: 4.2.20 DESCRIPTION: OFFICE
OFFICE CONDO | PORTLAND , OR THE DETAILS 14,000 SF CONDO | $300-$321 PSF
BRING YOUR BRAND TO PORTLAND'S BUSTLING PEARL DISTRICT

OLD TOWN SOUTHEAST

PEARL DISTRICT

AREA MAP
30 630 NW 14TH

HILLS

AREA MAP FOREST PARKSOUTHWEST
N 630 NW 14TH 31

ABOUT PORTLAND, OR

Portland, Oregon is the second largest city in the Pacific Northwest, just three hours south of Leader Seattle, Washington. With projections for population and wage growth being 1.23% and 4.68% respectively, the City of Roses ranked number 17 on Forbes’ list of America’s FastestGrowing Cities in 2018. The Portland Metro now represents more than one-half of Oregon’s population. Steady booming growth in recent years has allowed for the significant uptick of construction, both commercial and residential, within the Multnomah County.

In the Pearl, loading docks and cobblestone streets hint at this former warehouse district’s past, while stylish bars and gleaming lofts point toward the future. Read on for our favorite things to do and see in Northwest Portland’s Pearl District. Boutique Hotels offer visitors the ability to stay amid the condos and galleries of the Pearl District. This area puts you in the heart of the city, with easy access to shopping, dining and cultural offerings, along with proximity to downtown, Old Town Chinatown and Northwest Portland..

AREA OVERVIEW
St. John's Bridge Mural in NE Portland image: wikimedia.org Image: en.wikipedia.org White Stag Sign
630 NW 14TH 33 DEMOGRAPHICS Demographic, Traffic, Consumer Data: © AlphaMap.com 2022 | Population Data: © DataUSA.io 2022 + © Niche.com 2022 | Transportation Ratings: © WalkScore.com 2022 POPULATION HOUSEHOLDS HH INCOME 1 MILE 3 MILES 5 MILES TRAFFIC TRANSPORTATION DEMOGRAPHICS41,864 1170,482 412,889 27,083 89,081 193,770 $109.5K $136.6K $131.6K $1.7B $6.9B $16B OREGON MULTNOMAH COUNTY PORTLAND METRO AREA PORTLAND STATE COUNTY MSA CITY 4.22 MILLION 812,855 2.49 MILLION 650,380 ANNUAL FOOT TRAFFIC: 267,378 SITE VISITS HOURLY FOOT TRAFFIC: 6PM PEAK DAILY FOOT TRAFFIC: SATURDAY PEAK CONSUMER SPENDING POPULATION 118,185+ VPD AT I-405 EXPRESSWAY 117,636+ VPD AT I-5/ US 30 6,001+ VPD AT NW 14TH AVE WALKSCORE: 98 (WALKER'S PARADISE) BIKESCORE: 95 (BIKER'S PARADISE) TRANSITSCORE: 87 (EXCELLENT TRANSIT) AIRPORT: 38 MIN DRIVE TO PDX PORTLAND INTERNATIONAL AIRPORT your logo here
JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251 BRAD MACOMBER Senior Advisor 503.218.4380 brad.macomber@cinw.com OR 200908061 | WA 95748

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
630 NW 14th by cinw.com - Issuu