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MITCHELL INTERNATIONAL BUILDINGOFFERING MEMORANDUM

MITCHELL INTERNATIONAL BUILDING

8909 SW BARBUR BLVD, PORTLAND, OR

O F F I C E S N AT I O N W I D E A N D T H R O U G H O U T C A N A D A

WWW.MARCUSMILLICHAP.COM

NON-ENDORSEMENT AND DISCLAIMER NOTICE

CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from

Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been

prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information

contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representa-

tion, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property

and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition

of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject

property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified,

and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or rep-

resentation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the infor-

mation set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All rights reserved.

SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they

may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to

perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and

acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors,

or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for

questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential

volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any cor-

poration’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or

subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information

about this listing to prospective customers.

NET LEASED DISCLAIMERMarcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify

any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or represen-

tation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently

confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due dil-

igence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this

property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax,

financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suit-

ability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request

and carefully review all legal and financial documents related to the property and tenant.

NET LEASED DISCLAIMER CONTINUED While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee

of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-ac-

quired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or

comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease

rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted

in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and

lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrin-

sic value of the property and the value of any long-term lease, including the likelihood of locating a replacement

tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to

negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to

make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services

and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or pur-

chase of this net leased property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

ACT ID ZAB0210301

BROKER OF RECORD: ADAM LEWIS, OR 201209561

20

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8FINANCIAL ANALYSISSECTION 2 Property Summary • Operating Data Rent Roll

MARKET COMPARABLESSECTION 3 Sales Comparables • Lease Comparables

LOCATION OVERVIEWSECTION 4 Location Overview • Location Highlights • Demographic Highlights

EXECUTIVE SUMMARYSECTION 1 Investment Overview • Investment HighlightsProperty Details • Aerials • Property Photos

TABLE OF CONTENTS

EXCLUSIVELY LISTED BY

MITCHELL INTERNATIONAL BUILDING

8909 SW BARBUR BLVD, PORTLAND, OR

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate

Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap ACT ID ZAB0210301

7

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EXECUTIVESUMMARY

8909 SW BARBUR BLVD

INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present the Mitchell International Building located at 8909 SW Barbur Boulevard, Portland, Oregon. Originally built by the Federal Government for the Veterans Administration (VA) Medical Office Center, the building is a high-quality structure especially relative to the competitive set. It’s an attractive two-story class “B” office building located on Barbur Blvd just outside Downtown Portland and it was substantially renovated in 2012 and 2016. The entire building is master-leased to Mitchell International, a privately held subsidiary of Kohlberg Kravis Roberts & Co, through January, 2026. Although it’s still included in the Master-Lease, the entire lower level is not being utilized by Mitchell and will be delivered as a warm shell. The low-maintenance triple-net lease provides a 7.24 percent going-in cap rate with annual rental increases through January 2026. This is an extraordinary opportunity for value-add investors, allowing time to devise repositioning, or renovation strategies for the building. With a third of the building income generating, but not in use, it provides an opportunity for owner-users seeking 5,215 to 17,000 square feet for immediate occupancy or for an investor with a tenant in tow to capture additional yield. The 1.95-acre, 84,922-square foot CE (Commercial Employment) zoned parcel also provides attractive redevelopment opportunities for the property. CE zoning allows for residential, retail and office development, with 45-foot height, 2.5 to 4.0/1,000 FAR parameters.

Mitchell International acquired Qmedtrix Systems in 2016, who had occupied the building since 2012. Founded by Glenn Mitchell in 1946, the company got its start in the automotive parts and collision repair industry. Today, Mitchell empowers over 300 clients across the Property and Casualty industry by providing them with smart technology solutions, deep industry expertise, and seamless connections to the broadest range of solutions, networks and partners. In 2013, the private equity firm Kohlberg Kravis Roberts (KKR) bought Mitchell from Aurora Capital for $1.1 billion. It is now a wholly owned subsidiary of KKRs Magellan Parent Corp.

► 100 Percent Triple-Net Master-Leased Value-Add Investment, Owner-User or Redevelopment Opportunity

► 7.24 Percent Cap Rate, Five-Year, Low-Maintenance, Reliable, Pandemic-Tested Return, with 2.00 Percent Rent Escalations

► Close-In Southwest Location, 6.0 Miles from Downtown Portland and 16 Miles from Portland International Airport

► Strategically Located within Five to Seven miles from OHSU, Providence Milwaukie Hospital, Providence St. Vincent, Legacy Meridian Park Medical Center hospitals and Lewis & Clark College and PCC-Sylvania Campuses.

► Lease Expiration Coincides with New MAX Light Rail Line Completion in 2026

► 44,148-Square Foot Rentable Building Area

► Situated on a 1.95-Acre, 84,922-Square Foot CE (Commercial Employment) Zoned Parcel

► Built for the VA Medical Office Center in 1985 and Substantially Renovated in 2012 and 2016

► 290-Foot Frontage on Highway 99 West/Barbur Boulevard, with Excellent Visibility from I-5 and Barbur Boulevard, 117,500 and 21,100 Vehicles Per Day, Respectively

► 120 Surface Parking (2.7/1,000 Ratio), Including 30 Covered Spaces and Additional Street-Parking Available

INVESTMENT HIGHLIGHTS

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PROPERTY DETAILSOriginally built in 1985, this steel and reinforced concrete structure is designed to take advantage of the sloping topography of the property. The 30,000-square foot upper-level provides direct access via Barbur Boulevard, while the 17,000-square foot lower-level provides direct access to ample/highly sought-after parking via SW Dolph Court. It boasts a total of 120 parking spaces, including 30 covered spaces, a 2.7/1,000 square feet parking ratio, with additional street parking also available. The building is constructed with two elevators, one with an oversized medical-sized compartment, and its large central staircase provides a pandemic-safe walk-up option. It’s also been designed with outdoor seating space and grade and dock-level loading amenities.

The property is located just seven miles south of Downtown Portland, on the close-in Southwest Barbur Boulevard/Capitol Highway Corridor, strategically located five to seven miles from Oregon Health & Science University (OHSU), Providence Milwaukie Hospital, Providence St. Vincent and Legacy Meridian Park Medical Center hospitals. Lewis & Clark College and Portland Community College (PCC) Sylvania Campus are also located within two miles of the property. It’s situated between several desirable neighborhoods including Multnomah, Dunthorpe and Sellwood. The location enjoys easy access to Interstate 5 and Highway 217 interchanges. With 290 feet of frontage on Barbur Boulevard, the building has excellent visibility from I-5 and Barbur Boulevard/Highway 99 West, including a monument and building signage. Average traffic counts on I-5 exceed 117,500 vehicles per day, while Barbur Boulevard services more than 21,100 vehicles per day. The current lease expiration cleverly coincides with the anticipated completion and lance of the new MAX Light Rail Line, connecting Downtown Portland to the affluent Tigard and Lake Oswego submarkets. A proposed MAX Line stop is within walking distance of the property. The City will also be developing a new parallel Main Street that will run directly behind the property, on SW Dolph.

Mitchell International Building

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LOT MAP RETAIL AERIAL


Black Rock Coffee

Wendy’s

Taco Time

Conin Mexican Cuisine

Brewskis Coffee

Muchas Gracias Mexican Food

Subway

El Jalisco

The Original Pancake House

Moonshrimp Brewing

Rustix Pub

Starbucks

Barbur World Foods

Central Auto Body

Todd Hess Building Company

Boys & Girls Aid

Servpro

The UPS Store

Ink Therapy Tattoo

Dahabshil

A1 Muffler Shop

Galls Uniform Store

Chevron

Enterprise Rent-A-Care

Pacific Car Care

Aerus Electrolux Vacuums

Rose City Heating & Air

Les Schwab

Farmers Insurance

Jiffy Lube

7-Eleven

Fred Meyer Fuel

Laser Services

US Bank

Fred Meyer

West Hills Collision Center

Safeway

Essance Skincare

SunsUp Tan Wellness Spa

About Smile

Back on Track Veterinary Rehabilitation Center

Aladdin Inn

Budget Lodge

Lannderholm Family Law

MDC Research

Public Storage

FOOD

RETAIL

OTHER

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FINANCIALANALYSIS

8909 SW BARBUR BLVD

$5,600,000 7.24%SALE PRICE CAP RATE

PROPERTY SUMMARY

THE OFFERING

Property 8909 SW BARBUR BLVD PORTLAND, OR 97219

Price $5,600,000

Capitalization Rate 7.24%

Price/SF $119.01

PROPERTY DESCRIPTION

Lot Size: 84,922 SF (1.95 AC)

GBA 47,054 SF

NRA 44,148 SF

Upper Level 29,357 SF

Lower Level 14,791 SF

FINANCING

Loan Amount $3,640,000

Down Payment $1,960,000

Loan to Value 65.00%

Interest Rate 4.70%

Amortization 25 Years

Term 10 Years

*Loan Information is Subject to Change. Contact your Marcus and Millichap Capital Corporation Representative.

RETURNS CY 2021 PRO-FORMA

Debt Service ($247,773) ($247,773)

Cash Flow $157,584 $181,845

Cash on Cash 7.89% 9.11%

Principle $78,367 $82,130

Total Rate of Return 11.82% 13.22%

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OPERATING DATA RENT ROLL

I N CO M E C Y 2 0 2 1 P E R S F P R O - F O R M A P E R S F

Gross Rental Income $442,003 $10.01 $468,000 $10.60

Tenant Reimbursement $290,926 $6.59 $299,653 $6.79

Total Rental Income $732,929 $16.60 $767,653 $17.39

Vacancy Allowance ($36,646) (5.00%) ($38,383) (5.00%)

Net Operating Income $405,357 $9.18 $429,617 $9.73

Effective Gross Income $696,282 $15.77 $729,271 $15.13

E X P E N S E S C Y 2 0 2 1 P E R S F P R O - F O R M A P E R S F

Real Estate Taxes $99,950 $2.26 $102,949 $2.33

Insurance $5,088 $0.12 $5,241 $0.12

Electric $69,324 $1.57 $71,404 $1.62

Janitorial $55,120 $1.25 $56,774 $1.29

Water & Sewer $22,260 $0.50 $22,928 $0.52

Gas $1,696 $0.04 $1,747 $0.04

Security $5,699 $0.13 $5,870 $0.13

Trash Removal $2,356 $0.05 $2,427 $0.05

Pest Control $1,272 $0.03 $1,310 $0.03

Landscaping $6,360 $0.14 $6,551 $0.15

Parking Lot & Snow Removal $4,794 $0.11 $4,938 $0.11

Elevator Maintenance $4,452 $0.10 $4,586 $0.10

General Maintenance $3,725 $0.08 $3,837 $0.09

Capital Reserves $8,830 $0.20 $9,094 $0.21

Total Operating Expenses $290,926 $6.59 $299,653 $6.79

T E N A N T S U I T E # L E A S E S F

C U R R E N T M O N T H LY

R E N T

M O N T H LY R E N T A S

O F 2 /1/ 2 1

T O TA L A N N UA L

B A S E R E N T

A N N UA L I Z E D B A S E R E N T

P S F T Y P E I N C R E A S E

O NI N C R E A S E S

T O

Mitchell International

RBA2/1/2016 to 1/31/2026

44,148 $36,170 $36,894 $442,003 $10.01 NNN Feb-22 $451,572

TOTALS 44,148 $36,170 $36,894 $442,003 $10.01 $451,572

BUILDING OCCUPANCY 100%

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MARKETCOMPARABLES

8909 SW BARBUR BLVD

PROPERTY NAME

Mitchell International Building – 8909 SW Barbur Blvd, Portland, OR 97219

1 11550-11560 SW 67th Ave, Tigard, OR 97223

2 WellRithms – 3700 SW Barbur Blvd, Portland, OR 97239

3 Fairview Office Building – 8930 SW Hall Blvd, Portland, OR 97223

4 6800 SW 105th Ave, Beaverton, OR 97008

5 Barbur Corridor Office – 8959 SW Barbur Blvd, Portland, OR 97219

6 Barbur Business Center – 9570 SW Barbur Blvd, Portland, OR 97219

7 9800 Professional Bldg – 9800 SW Beaverton Hillsdale Hwy, Beaverton, OR 97005

8 Tigard Professional Bldg – 7185 SW Sandburg St, Tigard, OR 97223

SALES COMPARABLES – SUMMARY

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PORTLAND


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FAIRVIEW OFFICE BUILDING8930 SW Hall Blvd, Portland, OR 97223

3WELLRITHMS BUILDING3700 SW Barbur Blvd, Portland, OR 97239

2MITCHELL INTERNATIONAL BUILDING8909 SW Barbur Blvd, Portland, OR 97219

SALES COMPARABLES

SALES PRICE $5,600,000

Year Built 1985/2012 & 2016

Square Feet 84,922

Price Per SF $119.01


Sale Date 10/22/2019

Year Built 2004

Square Feet 14,586



Sale Date 9/30/2019

Year Built 1968/2018

Square Feet 7,579



Sale Date 4/14/2020

Year Built 1981

Square Feet 6,512


11550-11560 SW 67TH AVE11550-11560 SW 67th Ave, Tigard, OR 97223

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9800 PROFESSIONAL BLDG9800 SW Beaverton Hillsdale Hwy, Beaverton, OR 97005

6800 SW 105TH AVE6800 SW 105th Ave, Beaverton, OR 97008

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SALES COMPARABLES

BARBUR BUSINESS CENTER9570 SW Barbur Blvd, Portland, OR 97219

6BARBUR CORRIDOR OFFICE8959 SW Barbur Blvd, Portland, OR 97219

5


Sale Date 2/20/2020

Year Built 1977

Square Feet 10,882



Sale Date On Market

Year Built 1973

Square Feet 15,866



Sale Date 12/12/2019

Year Built 1980

Square Feet 34,722



Sale Date 2/19/2020

Year Built 1981

Square Feet 12,000


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SALES COMPARABLES

TIGARD PROFESSIONAL BLDG7185 SW Sandburg St, Tigard, OR 97223

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Sale Date 4/23/2019

Year Built 1978

Square Feet $11,490


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LEASE COMPARABLES – SUMMARY

PROPERTY NAME

Mitchell International Building – 8909 SW Barbur Blvd, Portland, OR 97219

1 WellRithms – 3700 SW Barbur Blvd, Portland, OR 97239

2 2505 SW Spring Garden St, Portland, OR 97219

3 Capitol Park – 9700 SW Capitol Hwy, Portland, OR 97219

4 Barbur Business Center – 9570 SW Barbur Blvd, Portland, OR 97219

5 Barbur Professional – 11000 SW Barbur Blvd, Portland, OR 97219

6 11130 SW Barbur Blvd, Portland, OR 97219

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CAPITOL PARK9700 SW Capitol Hwy, Portland, OR 97219

32505 SW SPRING GARDEN ST2505 SW Spring Garden St, Portland, OR 97219

2MITCHELL INTERNATIONAL BUILDING8909 SW Barbur Blvd, Portland, OR 97219

LEASE COMPARABLES


Year Built 1985/2012 & 2016

Cap Rate 7.24%

Price Per SF $10.01 NNN

WELLRITHMS BUILDING3700 SW Barbur Blvd, Portland, OR 97239

1

DETAILS


Total GLA 7,579

Price PSF $18 NNN

NOTES

3% increases

DETAILS

Year Built 1983

Total GLA 4,882

Price PSF $20 NNN

DETAILS


Total GLA 28,520

Price PSF $20-$24 NNN

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BARBUR BUSINESS CENTER9570 SW Barbur Blvd, Portland, OR 97219

4

LEASE COMPARABLES

11130 SW BARBUR BLVD11130 SW Barbur Blvd, Portland, OR 97219

6BARBUR PROFESSIONAL11000 SW Barbur Blvd, Portland, OR 97219

5

DETAILS


Total GLA 34,722

Price PSF $18.24 SF

DETAILS

Year Built 2003

Total GLA 6,000

Price PSF 16.50 SF

DETAILS


Total GLA 10,960

Price PSF $19.38-23.69 NNN

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LOCATIONOVERVIEW

8909 SW BARBUR BLVD

► The Portland-Vancouver metro has recorded more than 20 years of positive net

migration thanks to expanding industries.

► The market’s educated workforce and research institutions are attracting

alternative-energy companies to the region.

► The cost of doing business is among the lowest on the West Coast, supported by

no state income tax in Washington and no sales tax in Oregon. ► The metro is expected to add nearly 163,200 people over the next five years, resulting

in the formation of nearly 74,400 households.

► A median home price well above the U.S. level means 59 percent of households can

afford to own their home, which is above the national rate of 57 percent.

► Of residents age 25 and older, 37 percent hold bachelor’s degrees, and 14 percent

have also obtained a graduate or professional degree.

LOCATION HIGHLIGHTS

HIGH POPULATION GROWTH

ALTERNATIVE-ENERGY INDUSTRY

LOW BUSINESS COSTS

LOCATION OVERVIEW

The Portland-Vancouver metro is located near the confluence of the Columbia and Willamette rivers and stretches across the Oregon border into Washington State. The region is composed of Multnomah, Clackamas, Columbia, Washington and Yamhill counties in Oregon, and Clark and Skamania counties in Washington.

Mount Hood and the Cascade Range stand to the east, and the Oregon Coast Mountain Range lies to the west. The metro contains approximately 2.5 million residents, with more than 656,000 people residing in Portland, the area’s most populous city and the seat of Multnomah County.

The metro contains more than 37,000 acres of parks and provides numerous outdoor opportunities, including activities at Mount Hood and on the Hood River. The metro lies 60 miles east of the Pacific Ocean, with 330 miles of beaches along the Oregon coast. The metro has professional basketball, soccer and hockey teams. Cultural activities can be found at various local venues, including the Portland Art Museum, World Forestry Center Discovery Museum and the Portland Children’s Museum, and plays are staged at the Portland’5 Centers for the Arts. Major colleges and universities include Lewis and Clark, Pacific University, the University of Portland and Portland State University. The University of Oregon and Oregon State University are nearby.

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POPULATION 1 MILE 3 MILES 5 MILES

2024 ProjectionTotal Population

16,821 116,703 374,830

2019 EstimateTotal Population

16,043 110,952 354,873

2010 CensusTotal Population

14,583 100,600 320,531

2000 CensusTotal Population

14,001 95,810 297,277

Daytime PopulationsTotal Population

12,605 125,852 567,583

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2024 ProjectionTotal Households

7,787 53,163 177,876

2019 EstimateTotal Households

7,409 50,197 166,582

2019 EstimateAverage (Mean) Household Size

2.16 2.17 2.07

2010 CensusTotal Households

6,726 44,965 147,448

2000 CensusTotal Households

6,314 42,181 134,950

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

2019 Estimate

$200,000 or More 11.30% 15.36% 11.34%

$150,000 - $199,000 8.18% 9.82% 7.73%

$100,000 - $149,000 21.07% 20.28% 17.35%

$75,000 - $99,999 14.71% 13.72% 12.98%

$50,000 - $74,999 17.65% 14.80% 15.46%

$35,000 - $49,999 9.29% 8.74% 10.03%

$25,000 - $34,999 7.15% 6.27% 7.33%

$15,000 - $24,999 5.07% 4.96% 7.29%

Under - $15,000 6.46% 7.98% 11.77%

Average Household Income $116,919 $133,374 $110,811

Median Household Income $83,207 $91,311 $73,973

Per Capita Income $54,043 $60,612 $52,463

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

Population By Age

2019 Estimate Total Population 16,043 110,952 354,873

Under 20 18.15% 19.34% 18.27%

20 - 34 Years 24.31% 21.19% 24.83%

35 - 39 Years 8.62% 7.32% 8.03%

40 - 49 Years 13.83% 13.54% 13.72%

50 - 64 Years 21.25% 21.42% 19.47%

Age 65+ 13.84% 17.18% 15.68%

Median Age 39.32 41.58 39.25

Population 25+ by Education Level

2019 Estimate Population Age 25+ 12,308 83,695 268,417

Elementary (0-8) 0.38% 0.45% 1.26%

Some High School (9-11) 1.38% 1.55% 2.94%

High School Graduate (12) 8.86% 9.11% 12.32%

Some College (13-15) 17.79% 17.85% 20.24%

Associate Degree Only 6.57% 6.04% 6.60%

Bachelors Degree Only 37.54% 36.23% 32.88%

Graduate Degree 27.28% 28.57% 23.33%

Time Travel to Work

Average Travel Time in Minutes 24 24 26

DEMOGRAPHICS HIGHLIGHTS

116,703

$133,374 24 Minutes

POPULATION PROJECTION WITHIN THREE MILES

AVERAGE INCOME WITHIN THREE MILES

AVERAGE TRAVEL TIME TO WORK WITHIN THREE MILES

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MITCHELL INTERNATIONAL BUILDINGMICHAEL KAPNICK

Senior Vice President InvestmentsPortland Office

Cell 503.887.1233 Office 503.200.2034

[email protected] OR 960500191, WA 6176

BRIAN YANKSenior AssociatePortland Office

Cell 503.708.2147 Office 503.200.2042

[email protected] OR 201205718

mitchell international building€¦ · mitchell international building 8909 sw barbur blvd,...

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