downtown office building for sale owner/user … · owner/user opportunity 250 nw 6th street...

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Mark Hefner Managing Partner [email protected] Direct: 916 804 0262 Ryan Davenport Associate [email protected] Direct: 503 444 3434 Bruce Barrett Local Market Broker [email protected] Direct: 541 410 3484 DOWNTOWN OFFICE BUILDING FOR SALE OWNER/USER OPPORTUNITY 250 NW 6th STREET REDMOND, OR 97756 7,541 SF OFFICE PROPERTY WITH LARGE PARKING LOT FOR SALE DOWNTOWN OFFICE BUILDING TM

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Page 1: DOWNTOWN OFFICE BUILDING FOR SALE OWNER/USER … · OWNER/USER OPPORTUNITY 250 NW 6th STREET REDMOND, OR 97756 7,541 SF OFFICE PROPERTY ... PHOTOGRAPHY Tax Minimizers’ existing

Mark Hefner Managing [email protected]: 916 804 0262

Ryan Davenport [email protected]: 503 444 3434

Bruce BarrettLocal Market [email protected]: 541 410 3484

DOWNTOWN OFFICE BUILDING FOR SALEOWNER/USER OPPORTUNITY250 NW 6th STREETREDMOND, OR 97756

7,541 SF OFFICE PROPERTYWITH LARGE PARKING LOT

FOR SALEDOWNTOWN OFFICE BUILDING

TM

Page 2: DOWNTOWN OFFICE BUILDING FOR SALE OWNER/USER … · OWNER/USER OPPORTUNITY 250 NW 6th STREET REDMOND, OR 97756 7,541 SF OFFICE PROPERTY ... PHOTOGRAPHY Tax Minimizers’ existing

FOR SALERIVERFRONT PROPERTY

FOR SALEDOWNTOWN OFFICE BUILDING

TM

INVESTMENT HIGHLIGHTS

> Potential for an owner/user to occupy vacant space and reduce business occupancy

costs and collect passive income from existing tenant

> Potential for an investor to lease out remaining space and keep Tax Minimizers as a

tenant

> Ample parking (C2 zoning requires 1 space per 300 usable square feet)

> Centrally located and within urban renewal zone

EXECUTIVE SUMMARY

250 NW 6th StRedmond, OR 97756And adjacent parking lot

C2 – Central Business District Commercial and within City of Redmond Urban Renewal Zone

17,820 SF: Two legal parcels

Owner/User with income upside

28 spaces with 1 ADA space

ADDRESS

ZONING

TOTAL LAND AREA

POTENTIAL USES

PARKING

LIST PRICE

PRICE PER SQUARE FOOT

SQUARE FEET

SUMMARY

$1,100,000 all cash

$146.00

7,541 SF (buyer to verify)

The subject property is centrally located in the Redmond Central Business District with a variety of entertainment, shopping and services close-by. The sale price includes the adjacent parking lot and is being offered for $1,100,000, all cash. The property is ideal for an owner/user to occupy the vacant space and continue to lease to Tax Minimizers (approximately 4,081 SF) to enhance revenue. Please see attached SBA Loan pro forma to better understand how to buy this property to house your business and reduce your occupancy costs while growing your real estate portfolio and potentially your net worth!

Page 3: DOWNTOWN OFFICE BUILDING FOR SALE OWNER/USER … · OWNER/USER OPPORTUNITY 250 NW 6th STREET REDMOND, OR 97756 7,541 SF OFFICE PROPERTY ... PHOTOGRAPHY Tax Minimizers’ existing

FOR SALERIVERFRONT PROPERTY

FOR SALEDOWNTOWN OFFICE BUILDING

TM

PHOTOGRAPHY

Tax Minimizers’ existing suite

Page 4: DOWNTOWN OFFICE BUILDING FOR SALE OWNER/USER … · OWNER/USER OPPORTUNITY 250 NW 6th STREET REDMOND, OR 97756 7,541 SF OFFICE PROPERTY ... PHOTOGRAPHY Tax Minimizers’ existing

FOR SALERIVERFRONT PROPERTY

FOR SALEDOWNTOWN OFFICE BUILDING

TM

FLOOR PLAN

Page 5: DOWNTOWN OFFICE BUILDING FOR SALE OWNER/USER … · OWNER/USER OPPORTUNITY 250 NW 6th STREET REDMOND, OR 97756 7,541 SF OFFICE PROPERTY ... PHOTOGRAPHY Tax Minimizers’ existing

FOR SALERIVERFRONT PROPERTY

FOR SALEDOWNTOWN OFFICE BUILDING

TM

DEMOGRAPHICS REPORT

1 mile 3 miles 5 milesPopulation2000 Population 4,750 16,751 20,6952010 Population 6,087 26,936 31,9112017 Population 6,788 31,092 36,7332022 Population 7,389 34,176 40,4152000-2010 Annual Rate 2.51% 4.86% 4.43%2010-2017 Annual Rate 1.51% 2.00% 1.96%2017-2022 Annual Rate 1.71% 1.91% 1.93%2017 Male Population 48.6% 48.5% 48.8%2017 Female Population 51.4% 51.5% 51.2%2017 Median Age 36.8 35.4 37.6In the identified area, the current year population is 36,733. In 2010, the Census count in the area was 31,911. The rate of change since 2010 was 1.96% annually. The five-year projection for the population in the area is 40,415 representing a change of 1.93% annu-ally from 2017 to 2022. Currently, the population is 48.8% male and 51.2% female. Median Age

The median age in this area is 36.8, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 89.1% 88.0% 89.0%2017 Black Alone 0.7% 0.6% 0.5%2017 American Indian/Alaska Native 1.4% 1.2% 1.1%2017 Asian Alone 1.0% 0.9% 0.9%2017 Pacific Islander Alone 0.3% 0.2% 0.2%2017 Other Race 4.3% 5.8% 5.2%2017 Two or More Races 3.2% 3.3% 3.1%2017 Hispanic Origin (Any Race) 11.7% 13.4% 12.1%Persons of Hispanic origin represent 12.1% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 37.7 in the identified area, compared to 64.0 for the U.S. as a whole.Households2000 Households 2,016 6,460 7,9902010 Households 2,576 10,190 12,2802017 Total Households 2,816 11,620 13,9512022 Total Households 3,055 12,754 15,3332000-2010 Annual Rate 2.48% 4.66% 4.39%2010-2017 Annual Rate 1.24% 1.83% 1.78%2017-2022 Annual Rate 1.64% 1.88% 1.91%2017 Average Household Size 2.40 2.65 2.61The household count in this area has changed from 12,280 in 2010 to 13,951 in the current year, a change of 1.78% annually. The five-year projection of households is 15,333, a change of 1.91% annually from the current year total. Average household size is current-ly 2.61, compared to 2.57 in the year 2010. The number of families in the current year is 9,590 in the specified area.