downtown offie uilding for sale 500 510 sw...

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DOWNTOWN OFFICE BUILDING

FOR SALE

500 - 510 SW FIFTH AVENUE PORTLAND OREGON 97204

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OFFERING MEMORANDUM

Table of Contents This Offering Memorandum contains select information

pertaining to the business of the Property at 500 - 510 Fifth

Avenue in Portland, Oregon. It has been prepared by

Commercial Black, LLC. This Offering Memorandum may not

be all-inclusive or contain all of the information a prospective

purchaser may require. The information contained in this

Offering Memorandum is confidential and provided solely for

the purpose of review and consideration by a prospective

purchaser of the Property.

For additional information regarding the purchase and sale of

this investment property, to schedule a tour, or to submit an

offer, please contact John Gibson, Principal Broker.

Property Highlights Page 3

Property Aerial and CBD District Page 4 - 5

Floor Plans and Tenant Profiles Page 6 - 13

Confidentiality and Disclaimer Page 15

Commercial Black, LLC John Gibson, Principal Broker 623 NE 23rd Avenue Portland, Oregon 97232 503.234.0820 direct 503.860.3267 mobile [email protected]

www.commercialblack.com

500 - 510 SW FIFTH AVENUE OFFERING MEMORANDUM COMMERCIAL BLACK

Transaction Guidelines Page 14

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HIGHLIGHTS

Investment Opportunity Commercial Black is pleased to offer the Caplan Building, 500 - 510 SW Fifth

Avenue, a +/- 38,892 SF office building centrally located in downtown

Portland. Constructed in 1906 and restored in 2007, the building was

meticulously updated by the current owners. This is a unique opportunity to

own a fully renovated Downtown Portland Oregon Landmark.

Notable Features

Rent roll includes regional and national credit tenants.

Building owned by developer who is knowledgeable, experienced, and

well capitalized in commercial real estate and other business ventures

Brought to code with all new Seismic Reinforcement

Brought to most current code for fire/life safety (new Sprinkler Risers)

Building has a new roof, interior and exterior paint

Building has all new HVAC the services each individual floor separately

Building has all new electrical service and each floor is separately metered

Updated elevator service to all floors with entrance into individual tenant

lobby.

Central location in the heart of Downtown and accessible Tri Met, MAX,

and freeway access. Blocks from city’s waterfront.

Zoned CX (Central Commercial)

Hundreds of millions of dollars in private sector spending within a one (1)

mile radius.

PROPERTY OVERVIEW

NOI: $823,875.00

Address: 500-510 SW 5th Avenue

Portland, OR 97204

Net Rentable Area +/- 38,892 SF

Year Built 1906

Year Renovated 2007

Number of Floors Eight (8) w/ Sub Grade Level

Lot SF 5,000 SF lot


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PROPERTY AERIAL


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Portland’s Central Business District

500 - 510 SW FIFTH AVENUE OFFERING MEMORANDUM COMMERCIAL BLACK LLC

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Ground Floor Plan


E*TRADE is a leading financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company has long been at the forefront of the digital revolution, focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants. Founded on the principle of innovation, E*TRADE aims to enhance the financial independence of traders and investors through a powerful digital offering and professional guidance—over the phone at two national branches and in-person at 30 E*TRADE branches across the United States. E*TRADE operates a bank with the primary purpose of maximizing the value of deposits generated through its brokerage business. Source: https://us.etrade.com/home

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Second Floor Plan (Vacant)


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Third Floor Plan (Vacant)


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Fourth Floor Plan Foundation Real Estate Development


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Fifth Floor Plan


Chenoweth Law Group P.C. Is trusted by large and small businesses and professionals throughout

Oregon, Washington, and California for its strategic, streamlined approach to handling commercial

law and litigation. The company has a success track record in resolving real estate disputes, estate

litigation, environmental contamination claims, insurance claims and many other disputes. Clients

can rely on expert advice and services regarding business advice, real estate transactions,

employment matters, estate planning, and more. Source: https://www.northwestlaw.com/

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Sixth Floor Plan


Wiles Law Group LLC is a premier litigation law firm serving clients in Oregon, Washington, and

Utah. The firm is dedicated to providing high quality legal defense services in the primary practice

areas of Construction Defect and Real Estate Damages, Business and Commercial, Personal Injury,

Employment and Risk Management, Dental Malpractice and Administrative Board Actions. The

attorneys and staff are committed to exceeding client expectations through advocacy, integrity,

and a common sense approach to conflict resolution. Source: http://wileslawgroup.com

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Seventh Floor Plan


Fournier Group is a premier insurance agency headquartered in Portland, Oregon. The

company takes pride in providing an authentic experience for their clients by serving as a

trusted advisor throughout the insurance cycle process. Their experts guide clients through

each step: initial consultation, needs identification, program design, policy placement,

claims advocacy, program review and renewal. Source https://www.fourniergroup.net/

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Sub Grade Level -


Elevator Served, Existing Secured Bike Parking & Building Showers. There is current demand from building tenants

for a large conference area . This area could have third party economic value if used for corporate training or hosting

for events that require a larger area.

Sub Grade Level —Conference Room Example

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TRANSACTION GUIDELINES

Offering Procedure The offering of 500—510 SW Fifth Avenue is being managed exclusively by Commercial Black. Seller requests that all inquiries be directed to John Gibson, Principal Broker.

Prospective purchasers are required to execute a Non-Disclosure Confidentiality Agreement prior to receiving any and all Seller documents including: lease abstracts, rent roll, leases, financial statements, property management, contracts, and vendor contracts.

Tours and on-site inspections of the property can be arranged directly with Commercial Black, LLC.

Offers should include the following:

Purchase price and closing date

Amount of EM deposit

Schedule of Due Diligence

Source of capital for the transaction

Call for offers is open

Please address all inquiries and offers to: John Gibson - Principal Broker 625 NE 23rd Avenue Portland, Oregon 97232 503.860.3267 mobile 503.234.0820 direct [email protected] www.commercialblack.com


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CONFIDENTIALITY AND DISCLAIMER STATEMENT


The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for

any other circumstances, be photocopied or disclosed to any third party without the written consent of Commercial Black or Owner, or used for any other

purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the property Owner (“Owner”) in connection with the sale of the Property is the Commercial Black Advisor listed in this

proposal, and no other person is authorized by the owner to provide any information or to make any representation other than contained in this Offering

Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Commer-

cial Black.

Neither the Commercial Black nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information

contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include

certain statements and estimates by Commercial Black with respect to the projected future performance of the Property. These Assumptions may or may not

be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, Commercial Black Advisor and the Owner disclaim any

and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral

communication transmitted or made available to the recipient shall be entitled to rely solely on those representations and warranties that may be made to it in

any final, fully executed and delivered Real Estate Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to the owner or Commercial - Black

Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this

Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a Solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, as its sole discretion, to

reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any

entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering

Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms

acceptable to the Owner, in the Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing

and agreed to release the Owner and the Commercial - Black Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such

correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective

purchaser proceeds at its own risk.

downtown offie uilding for sale 500 510 sw...

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