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O F F E R I N G M E M O R A N D U M

412 NW COUCH ST, STE 201 / PORTLAND, OR, 97209

P. 503.595.2840 F. 503.595.2669 WWW.APEXCRE.COM

8 1 0 S E B E L M O N T S T R E E TP O R T L A N D , O R E G O N 9 7 2 1 4

Nathan Sasaki, Executive DirectorNathan@apexcre.com

p. 503.595.2843 f. 503.595.2669Minority Business Enterprise (MBE)

Oregon Certification # 6305

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Apex Real Estate Partners (Apex) has been retained as exclusive

advisor to market for the sale of this creative office / studio building

on SE Belmont Street, a single story 9,760 square foot property in

the core of Portlands evolving Close-in Eastside Industrial District.

The buildings modern clean lines is complimented by a custom

concrete wave landscape which welcomes visitors and employees

as they enter the building. The unique character is continued with a

mix of industrial concrete floors, finished hardwood floors, exposed

timber beams and a blend of creative offices and studios throughout.

Recent renovations cater to the needs of artists and non profits,

creating a flexible work environment. The building is fully ADA

accessible, providing the highest level of accessibility for the building.

The property is just minutes to downtown and its close proximity

to I-405, Hwy 26, I-5, Hwy 84 and numerous TriMet transportation

options provide immediate ease of access to all over the PortlandMetropolitan Area, the States Capital, PDX International and

Vancouver, WA.

BUILDING SUMMARY

Property Address 810 SE Belmont Street

Portland, Oregon 97214

Submarket Central Eastside Industrial Council

Close-in Eastside

Building Area (SF) 9,760 SF

7 office/studios, lobby/kitchenette, 3ADA restrooms,and shower facilities

Stories Single Story

Year Built / Renovated 1970 / 2009

Site Area 20,038 square foot lot

Vehicle Parking 7 parking stalls & 2 additional ADA parking stalls

Bike Parking Yes

Current Owner Carole Zoom

Zoning Designation IG1 - General Industrial

General Industrial areas generally have smaller lotsand a grid block pattern. The area is mostly developed,with sites having high building coverages and buildingswhich are usually close to the street. IG1 areas tend to bethe Citys older industrial areas.

http://www.portlandoregon.gov/bps/index.cfm?&a=64435&c=36238IG1

Tax Identification R233860

OFFERING SUMMARY

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FLOOR PLAN

*Please note floor plan is not to scale

Photograph courtesy of Aaron Rogosin

STUDIO 2

STUDIO 1

STUDIO 3

STUDIO

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STUDIO 5

STUDIO 6STUDIO 7

KITCHENETTE

LOBBY /

WAITING AREA

RESTROOMS/SHOWERS

TRASH /RECYCLING

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INVESTMENT HIGHLIGHTS Modern design exterior complimented by organic wave landscaping

Unique opportunity of creative office / studio spaces with a mixed

private offices and open bull pen work areas

Building was recently renovated in 2009, including HVAC andupgrades exceeding ADA standards

Transportation hub with TriMet busline just steps from the front door

and Streetcar line just 3 blocks away

Exposed, original timber beams

Finished wood floors mixed with concrete surfaces preserves historic

charm with industrial character Expansive window lines and skylights allow for abundant natural light

Fully ADA accessible building; includes ADA shower facilities and 3

ADA restrooms, and 2 ADA parking stalls

Countless amenities, restaurants, shops, entertainment venues within

walking distance of the building

WALKSCORE

85

TRANSITSCORE

74

BIKESCORE

100

DAILY TRAFFICCOUNT

12,884

High daily traffic count allows forhigh visibility by street traffic.

Very Walkable. Most errands could beaccomplished on foot.

Excellent Transit. Public transportationis convenient for most trips. The TriMetbusline is outside & Streetcar blocks away.

Bikers Paradise. Flat landscap, excellentbike lanes, and easy access to downtown.

Photograph courtesy of Aaron Rogosin

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AERIAL OVERVIEW

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CLOSE-IN EASTSIDE

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81 SE BELMONT STREET

810 SE BELMONT STREET

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PORTLANDSTREETCAR

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PORTLAND METROPOLITAN STATISTICAL AREA (MSA)

mile miles miles

Population

, , ,

ProjectedPopulation , , ,

Hosehold Income , , ,

DEMOGRAPHICS

UNEMPLOYMENT

2013 2014

Oregon Portland

8.1% 7.9% 6.8% 6.1%

Close-in Eastside has undergone an extensive evolution over the past decade.

What was once an industrial through fare for the Willaette, has transformed

into one of the most bustling urban neighborhoods with new restaurants,

breweries/distilleries, shops, entertainment, start-ups and technology based

companies finding new space in the area. The Close-in Eastside neighborhood

reflects Portlands original historical charm, and is conveniently located just

across the river from Portlands Central Business District and high rise mecca.

With interest rates at historic lows, investors are pouring money into real estate

investments nationwide. Cap rates are at record lows both locally and nationally.From big name private equity groups to regional and local investors, buyers are

scouring markets for new opportunities.

810 SE Belmont Street offers investors an income-generating asset. This

creative office/studio property with off-street parking provides a buyer a unique

opportunity to acquire a quality investment in the close in East side submarket.

The potential for the vacancy to accommodate both creative office and studio

space, coupled with its prime location plays in very well to Portlands nationally

recognized creative art and business scene, as well as the citys burgeoning

technology and software startup scene. The Eastside submarket is one of the

most desirable places to both lease and buy commercial real estate.

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