Concordia

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.

THE

THE DETAILS

CONCORDIA RETAIL CENTER

ABOUT CONCORDIA RETAIL CENTER Built in 1930, and renovated in 2004, The Concordia Retail Center is located in NE Portland's Concordia Neighborhood. Consisting of one freestanding, Class C, reinforced concrete building with 11 surface parking spaces. The single story building consists of 4 fully leased commercial units with a combined 6,393 SF of GLA on this 13,939 SF (0.32 AC) lot. Concordia Retail Center is zoned CN1 Commercial Mixed-Use, and is perched at the signalized corner of NE Killingsworth & NE 33rd. High Road visibility, two curb cuts, and 141' of road frontage on NE Killingsworth and 131' of road frontage on NE 33rd, this center is optimally positioned for retail.

ABOUT THIS LOCATION The corner of NE Killingsworth & NE 33rd is trafficked by 27,000+ Vehicles Per Day. With a Walkscore of 85, Bikescore of 98, and Transitscore of 48, this location is a Very Walkable Biker's Paradise with Some Transit. This corner is the convergence of Killingsworth & 33rd, along which, all of the primary hotspots of the Concordia Neighborhood are located.

• 6,393 SF OF LEASED RETAIL/ MIXED-USE/ RESTAURANT BETWEEN 4 UNITS

• 11 SURFACE STALLS ON SITE + ADDITIONAL STREET PARKING

• LOCATED AT THE EPICENTER OF THE CONCORDIA NEIGHBORHOOD'S HOTSPOTS

NUMBERS VALUATION

Property Name

TENANT INFO SQUARE FEET

CURRENT RENT

CONCORDIA ALE HOUSE 3276 6.1.20-5.31.28 3,627 56.73% $8,300.76 $99,609.12 $27.46 $3,649.43 $43,793.16 $12.07

LOVEJOY'S TEA ROOM 3286 12.1.18-11.30.23 1,356 21.21% $3,180.19 $38,162.28 $28.14 $1,282.58 $15,390.96 $11.35

MARY JANE'S HOUSE OF GLASS 5425 1.13.15-4.30.25 833 13.03% $2,470.63 $29,647.56 $35.59 $723.80 $8,685.60 $10.43

UPLIFT BOTANICALS 5421 7.12.14-10.31.24 577 9.03% $1,644.58 $19,734.96 $34.20 $525.26 $6,303.12 $10.92

PRICING MATRIX

INCOME DATA

CURRENT PSF

Gross Rental Income $187,153.92 $29.27

Est. NNN Reimbursements $69,831.82 $10.92

Total Income $256,985.74 $40.20

(Vacancy) ($12,849.29) (5.00%)

Effective Gross Income $244,136.45 $38.19

EXPENSES

CURRENT PSF

Taxes $27,526.95 $4.31

Insurance $3,705.41 $0.58

Water/ Sewer $17,891.46 $2.80

Gutter & Roof Repair $1,600.00 $0.25

Repairs & Maintenance $2,740.00 $0.43

HVAC $1,840.00 $0.29

Parking Lot Maintenance $1,250.00 $0.20

Landscape $4,078.00 $0.64

Management (4.00% EGI) $9,765.46 $1.53

Reserves ($0.20 PSF) $1,278.60 $0.20

Total Operating Expenses ($71,675.88) ($11.21)

Net Operating Income $172,460.57 $26.98

FREMONT

LLOYD

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 Fastest-Growing 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. Portland’s Northwest District spans from the base of the Southwest Hills to Interstate 405 and include some of Portland’s most notable restaurants, parks and shopping destinations. NW 21st and 23rd Avenue provide residents and visitors some of the most walkable streets, lined with popular restaurants, boutiques and craftsman-style homes. Portland’s Streetcar runs through the neighborhood along NW Marshall and Lovejoy Street, connecting the area to Portland’s Pearl District, Portland State University and South Waterfront. Several of Portland’s TriMet bus lines also serve the district. The Alphabet District, the area between 17th and 24th Avenue and West Burnside Street and Marshall Street, is zoned for historic preservation and was added to the National Register of Historic Places in 2000.

St. John's Bridge

Mural in NE Portland image: wikimedia.org

Image: en.wikipedia.org

White Stag Sign