BROADWAY COMMERCE CENTER

44 W Broadway, Eugene, OR 97401

Jones Lang LaSalle Americas, Inc.

$10,750,000$225 per square foot6.5% cap rate

THE OFFERINGJLL, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee-simple interest in Broadway Commerce Center (the “Property”), a 47,720 square foot, seismically upgraded steel and concrete mixed-use building located at 44 W Broadway Street in the heart of downtown Eugene, Oregon.

Currently 100% leased to a mix of technology, design and professional service firms as well as established retailers, Broadway Commerce Center provides investors the opportunity to own Eugene’s premier creative office address – a building that set the stage for the revitalization of downtown almost ten years ago, and one that continues to lead the market from an occupancy and achieved rent perspective. Current ownership has invested more than $9 million, establishing Broadway Commerce Center as a stable, cash-flowing office investment with minimal capital requirement costs in the near-term that also boasts long-term upside.

Investment Summary

Property SummaryBUILDING ADDRESS 44 W Broadway, Eugene, OR 97401

PARCEL NUMBER 1400678

CURRENT RSF [1] 47,720 s.f.

MARKET LOAD ADJUSTED RSF [2] 52,228 s.f.

TOTAL SITE AREA 12,632 s.f.

YEAR BUILT (RENOVATED) 1927 (2011)

ZONING C-3 Major Commercial

WALT 3.0 years

OCCUPANCY [3] 100%

[1] RSF for Suite 205 and 230 reflect a 30% market load factor as of 1/1/2020.

[2] Second floor suites reflect a 30% load factor over USF upon expiration.

Remaining suites roll to their BOMA RSF upon expiration.

[3] Assumes Suite 230 commences 1/1/2020, with leasing costs borne by the seller.

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Exceptional Connectivity Broadway Commerce Center is within 1/4 mile of the I-105 off-ramp, providing tenants with the ultimate ease of access to I-5 and the region’s desirable residential neighborhoods. In addition, 23 bus lines — representing close to 80% of the total line count for the Lane Transportation District — run within two blocks of the Property.

Creative Buildouts Interior buildouts are suitable for a range of users who prefer creative loft-style features, such as ceilings open to building’s structure, minimal partitioning, daylighting via extensive fenestration, including skylights and a three-level light well.

BOMA Upside The Property was recently remeasured to BOMA 2017 standards, and revised square footage represents an increase of 9% to the rentable square footage. Investors will have the opportunity to adjust future leases to the new BOMA measurements as current leases roll.

INVESTMENT HIGHLIGHTSStand Out Asset Irreplaceable building bones coupled with a full gut renovation in 2011 provide a true “pride of ownership” opportunity. Current tenant buildouts reflect the aesthetics of today’s creative office and retail tenants, increasing the likelihood of renewal and decreasing the cost of re-tenanting when in-place leases expire.

Visionary Redevelopment Public / private partnership funds were leveraged in Broadway Commerce’s renovation (a total of $9 million) in turn launching the revitalization of downtown Eugene. The building’s lobby and adjacency to Kesey Square makes it a gathering point for the community, ensuring the asset will out-perform the competitive set for the foreseeable future.

100% Leased with Diverse, Stable Rent Roll Technology, software, creative agency, law, architecture, popular retail amenities on site. Palo Alto Software leases 40% of the Property and recently spent considerable resources on their own tenant improvements, increasing the likelihood that they will renew when their current lease expires.

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23 BUS LINES IN 2 BLOCKS

BIKE SCORE: 99 BIKER’S PARADISE

1 MILE FROM UNIVERSITY OF OREGON

0.6 MILES FROM 5TH ST PUBLIC MARKET

4 MILES FROM EUGENE TRAIN STATION

WALK SCORE: 97 DAILY ERRANDS DO NOT REQUIRE A CAR

Source: WalkScore

LOCATION HIGHLIGHTS

POPULATION ± 175,727

UNIVERSITY OF OREGON /LANE COMMUNITY COLLEGECOMBINED FULL-TIME ENROLLMENT

± 50,000 STUDENTS

2018 TOP 100 BEST PLACES TO LIVERANKED #21 FOR BEST PLACES TO LIVE

RANKED #18 BEST COLLEGE TOWN IN AMERICA

#1 GREEN CITY IN THE U.S. FOR AIR QUALITY, RECYCLING, TRANSPORTATION, & GREEN SPACE

AMERICA’S TOP 10 CAMPUS MUSIC SCENES THAT ROCK

RANKED #10 IN THE COUNTRY FOR UP-AND-COMING TECH SCENES

EUGENE OREGON DEMOGRAPHICS & RECOGNITION

Imagery ©2019 Maxar Technologies, State of Oregon, Map data ©2019

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Robust Local Economy As the second most-populous metro in Oregon and nearing full employment, Eugene’s fundamentals are supported by low costs of living, lack of sales tax and the appealing asset of an educated labor pool. University of Oregon has continued to support the local economy by engaging more than 1,200 local businesses.

The Promise of Eugene Eugene is home to 471 tech companies and hosts the state’s largest tech company open house annually, attracting talent from all over the state. Anchored by the University of Oregon’s 23,634 student population and ambitious investments in STEM education, the region is a hotbed of activity.

Strong Market Fundamentals Eugene’s 4.5% office vacancy rate outshines Oregon’s larger metro markets, showcasing the strong fundamentals supporting the region’s economy. Asking rates have continued their upward trend, increasing over 20% during the current cycle and currently stand at $20.08 per square foot FSG.

Current and Future Tech Hub The local market is expected to undergo a transformation through the introduction of Riverfront Research Park, a 106,000 square foot office building containing a startup innovation center, which leases exclusively to tech companies looking to collaborate with University of Oregon. Listed as a Tier 1 National Public Research University and having earned more than $121 million in competitive research awards, University of Oregon is attracting ambitious tech talent to the Eugene market.

MARKET HIGHLIGHTS2018 BEST PLACES TO

LIVE

#18 BEST COLLEGE TOWN IN

AMERICA

#1 GREEN CITY IN THE US

BROADWAY COMMERCE

CENTER

UP-AND-COMING CITY FOR

TECH JOBSSource: Fast Company Source: Rolling StoneSource: Livability Source: National Geographic

Knight Scientific Campus renderingRendering credit: University of Oregon

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© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to Jones Lang LaSalle and shall be used solely for the purpos-es of evaluating this proposal. All such documentation and information remains the property of Jones Lang LaSalle and shall be kept confidential. Reproduction of any part of this document is authorized only to the extent necessary for its evaluation. It is not to be shown to any third party without the prior written authorization of Jones Lang LaSalle. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof.

1120 NW Couch Street, Suite 500 | Portland, Oregon 97209

www.us.jll.com/capitalmarkets

Contact Information

Adam Taylor, LEED APVice PresidentJLL Capital Markets+1 503 972 8607adam.taylor@am.jll.comRE Licensed in OR

James “Buzz” Ellis, SIOR Managing DirectorJLL Capital Markets+1 503 972 8091buzz.ellis@am.jll.comRE Licensed in OR

Logan Greer DirectorJLL Capital Markets+1 503 265 5096logan.greer@am.jll.comRE Licensed in OR

Casey DavidsonManaging DirectorJLL Capital Markets+1 503 224 5566casey.davidson@am.jll.com

Zachary KerstenDirectorJLL Capital Markets+1 503 417 5586zachary.kersten@am.jll.com

ADVISORS DEBT AND FINANCE