63270 Lyman Place

OFFERING MEMORANDUM

PREMIUM INDUSTRIAL FACILITY 63270 LYMAN PLACE, BEND, OR 97701 FOR SALE: $4,500,000 | 28,492 SF

PRICE REDUCED! 63270 LYMAN PLACE, BEND, OR 97701

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THE OFFERING

STATE-OF-THE-ART INDUSTRIAL FACILITY IN BEND This premium industrial building on Bend's north end was fully renovated into a premium cannabis cultivation facility in 2016. No expense was spared with over $2.5M in capital expenditures to properly equip the building. While the space is primed for a premium cultivation facility (including cannabis), it also has the potential for a variety of other indoor cultivation uses along with pharmaceutical manufacturing.

It is fully sprinklered and underwent major improvements to the HVAC system with the installation of 4 split systems outfitted with Quest humidifiers and dehumidifiers to control the climate in each of the 4 grow rooms. A large central nutrient reservoir with distribution throughout the facility was installed to support a streamlined hydroponic grow operation which could be managed from one location in the building.

63270 LYMAN PLACE, BEND, OR 97701

Situated in the Light Industrial (IL) zone, the property has a 40.6% lot coverage ratio with abundant outside storage and 22 onsite parking spaces with additional street parking. Highlighted by its premier location on the north end of town, this property is one of the few off of Nels Anderson that will remain after the ODOT north corridor expansion. The property features exceptional visibility from the Hwy 97/20 interchange, and will have great ingress and egress once the ODOT expansion is completed.

63270 Lyman Place, Bend, OR is being offered at $4,500,000. A user can use the building as it is currently designed or as a traditional industrial building modifying the improvements. See page 10 for the Offering Terms.

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PROPERTY SUMMARY

6 3 2 7 0 LY M A N P L AC E

63270 LYMAN PLACE, BEND, OR 97701

Address

63270 Lyman Place, Bend, OR 97701

Building Size

28,492 SF

Sale Price

$5,250,000 $4,500,000

Price Per SF

$228

Year Built

1977

Year Renovated

2018 with capital improvements that exceeded $2.5M

Tax Lot

171216C000900

Lot Size

1.57 Acres (68,389 SF)

Lot Coverage Ratio 40.6% Power

1600A 480/277V 3PH 4W

Zoning

Light Industrial (IL)

Parking

22 dedicated parking spaces plus street parking 3

BUILDING HIGHLIGHTS

HIGH-TECH FACILITY

FULLY RENOVATED

Fully sprinklered and air-conditioned state-of-the-art industrial facility

Capital improvements on facility exceeded $2.5 million

SPECIALIZED

GREAT ACCESS

Built out to support indoor grow operations of all kinds, including cannabis

Easy ingress/egress for large semi-trucks plus excellent highway access

VARIETY OF USES

FENCED STORAGE

Potential conversion to pharmaceutical manufacturing

Fenced outdoor storage area

ROLL UP DOORS

ROBUST HVAC

Three dock-high roll up doors and one grade level

High performance HVAC infrastructure including four total split systems

63270 LYMAN PLACE, BEND, OR 97701

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B U I L D I N G P H OTO S

5

63270 LYMAN PLACE, BEND, OR 97701

5

B U I L D I N G F LO O R P L A N STORAGE MEZZANINE

F .E .

OFFICE

OFFICE

O PE N TO BE LO W

20 '-2"

LOBBY

OFFICE

MOTHER ROOM

OFFICE

STORAGE WOMEN’S RR

20 '-2"

47 '-6 1 /2"

OFFICE

LOBBY

FOYER .

.E .

MEN’S RR

CONFERENCE ROOM

20 '-4"

STORAGE

BREAK ROOM

1

.

F .E .

F

DECONTAMINATION LOCKER ROOM

FIRE RISER

1 5'-0"

GROW ROOM 1

1 3'-0"

48'-8"

± 1 8'-2 1 / 2"

OFFICE

EXTRACTION

F .E .

GROW ROOM 2

± 1 9'-8"

LAB

22 '-7 "

SHIPPING & STAGING

34'-7 "

± 1 8'-41 /4"

KITCHEN 22 '-7 "

VEGETATION

28 '-6"

1 5'-4"

35 '-6"

F .E .

11

WASH STORAGE

20 '-4"

.

F .E . .

1 4'-1 "

43'-2" 1 5'-1 "

1 4'-8"

TRIM

GROW ROOM 3

GROW ROOM 4

PACKAGING LABELING

29'-4"

F .E .

VAULT PROCESS ROOM

20 '-8"

± 1 8'-7 "

20 '-8"

20 '-6"

± 1 8'-6"

20 '-6"

N

60'-0"

F .E .

63270 LYMAN PLACE, BEND, OR 97701

11 '-6"

.

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N O R T H CO R R I D O R R E R O U T E

63270 LYMAN PL

U.S. 97 is the main north-south highway through the central portion of Oregon, connecting Oregon to California and Washington. U.S. 20 is a primary east-west highway in Oregon. In the Bend area, both highways are primary routes that help local residents commute through town and connect to area shopping, dining, businesses, schools and recreation. This project will realign one of the most congested portions of U.S. 97 in the City of Bend and improve a section of U.S. 20. The U.S. 97 Bend North Corridor project includes a realignment of U.S. 97, improved intersections, new ramp connections at critical locations to improve local and highway traffic, and pedestrian and bicycle facilities.

63270 LYMAN PLACE, BEND, OR 97701

These improvements will do the following: • Create excellent access to the development • Support economic vitality • Reduce traffic volume and speeds at high conflict locations • Increase freight mobility • Improve travel time reliability 7

BEND, OREGON With a population of 103,254, Bend is the sixth-largest city in Oregon and the largest city in Central Oregon, serving as its de facto commercial, recreation and social center. Situated on the eastern edge of the Cascade Range along the Deschutes River, Bend joins forested mountain highlands and high desert plateaus, offering a diverse range of scenery and outdoor activities while offering relatively convenient access to major West Coast Metropolitan Areas.

LIFESTYLE DESTINATION Bend has a deserved reputation for attracting lifestyle migrants – urban dwellers seeking amenities typically associated with larger metropolitan areas but also outdoor recreational pursuits, a beautiful setting and an accessible community feeling. As such, the city attracts families and entrepreneurs from all the West Coast metro areas as well as other major population centers. The city has been adopted as a gateway for many outdoor sports, including mountain biking, skiing and snowboarding, dog sled racing, fishing, hiking, rock climbing, white-water rafting and golf. Bend also offers a thriving arts and culture scene, and the city’s beer brewing industry and restaurants are a draw for tourists and locals alike.

63270 LYMAN PLACE, BEND, OR 97701

BEST PERFORMING SMALL CITY IN THE U.S.

FASTEST-GROWING CITY IN THE U.S.

HIGHEST JOB GROWTH IN THE U.S.

#1

#2

#2

Milken Institute 2017, 2018, 2019 & 2020

WalletHub 2020

WalletHub 2020

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POPULATION TRENDS AND

CENTRAL OREGON

Demographics POPULATION

LIFESTYLE Central Oregon offers a rare mix of city amenities and restful isolation, including the slower speed of a small town with a medical community and infrastructure not normally seen in a region of its size. Additionally, Central Oregon residents maintain a work/life balance that is difficult to achieve elsewhere.

EDUCATION Central Oregon is well-recognized for its high level of education, with some of the best K-12 public schools in the nation. In 2020, the Bend-La Pine school district’s average SAT scores surpassed the national average by over 130 points. Additionally, the region’s higher education opportunities abound. From the new Oregon State University-Cascades to Central Oregon Community College’s four campuses in the region, there are opportunities for all to obtain a quality education.

260,000

300 Days of Sunshine

63270 LYMAN PLACE, BEND, OR 97701

255,000 250,000

259,274

274,077

1.12%

2021 Total Population (Esri)

2026 Total Population (Esri)

2022-2027 Population: Annual Growth Rate (Esri)

INCOME

245,000

Miles of Trails $79,564

$45,460

$203,307

$558

Median Household Income

Per Capita Income

Median Net Worth

Media Va

31 Breweries & Counting

AIRPORT Redmond Municipal Airport provides commercial air service with daily non-stop flights to Burbank, Denver, Los Angeles, Phoenix, Salt Lake City, San Diego, San Francisco, Santa Rosa, and Seattle via carriers American, Alaska, Avelo, Delta, and United. The airport is undergoing a $5.2 million expansion to meet the rising demand for transit in and out of the region.

Central Oregon

Thriving Arts & Culture

EDUCATION

6%

22%

34%

38%

No High School Diploma

High School Graduate

Some College

Bachelor's/Grad/ Prof Degree

BUSINESS

2021 Bab

2021 Gen

2021 Gen

30 Golf Courses

11,185

101,618

5.0%

Total Businesses

Total Employees

2021 Unemployment Rate

9

PREMIUM INDUSTRIAL FACILITY 63270 LYMAN PLACE, BEND, OR 97701

OFFERING TERMS 63270 Lyman Place, Bend, OR is being offered at $4,500,000.

Interested parties must submit a written Letter of Intent (“LOI”) or a Purchase & Sales Agreement (“PSA”) outlining the terms and conditions under which they propose to purchase the Property. Such terms must include the following: • Purchase price • Company background and financial capability • Source of capital (Equity/Debt) • Amount and form of earnest money deposit(s) • Required contingency periods (inspection, financing, etc.), including any extension(s) • Closing timeline

E XC LU S I V E LY L I S T E D BY: DAN KEMP, CCIM

Partner, Principal Broker Cell 541.550.8413 dkemp@compasscommercial.com

PAT KESGARD, CCIM

All property tours must be scheduled in advance through the Compass Commercial listing team.

Partner, Principal Broker Cell 541.350.8900 pkesgard@compasscommercial.com

Brokers are licensed in the state of Oregon. This information has been furnished from sources we deem reliable, but for which we assume no liability. This is an exclusive listing. The information contained herein is given in confidence with the understanding that all negotiations pertaining to this property be handled through Compass Commercial Real Estate Services. All measurements are approximate.

63270 LYMAN PLACE, BEND, OR 97701

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