8700 CREEKSIDE 8700 SW Creekside Pl • Beaverton, OR 97008

Offering Memorandum

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8700 CREEKSIDE

OFFERING SUMMARY

▪ Creekside Corporate Park is an Award-Winning 500,000 Square

Foot Office Park

▪ The Majority of the Park Received a $30 Million Upgrade and Was

Recently Sold to an Institutional Investor

▪ Located in the Heart of Beaverton, 7.5 Miles from Downtown

Portland

▪ Starbucks, Subway and Other Major Retailers are Within Walking

Distance

▪ Adjacent to Hall/Nimbus WES TriMet Station

▪ Nearby Hotels and Conference Centers

▪ Easy Access to Highway 217, Interstate-5, and Sunset Highway 26

INVESTMENT HIGHLIGHTS

8700 Creekside is a tremendous owner-user or value added investment opportunity. EAI Information Systems, the current

9,000 square tenant of the upper level, is interested in downsizing and is willing to consolidate or relocate. In addition

there are two vacant contiguous suites totaling another 4,000 square feet on the lower level. This, combined with a

flexible rent roll, offers owner-users up to 20,000 square feet that is deliverable in 2019. Value-add investors can benefit

by leasing up vacant suites, increasing below market in-place rates, and or re-configuring the lower level to activate

common areas. At the list price $4.25 million or $141 per square foot, either option becomes viable.

The property is situated on a 2.88 acre parcel that is part of the Creekside Corporate Park, an award-winning 500,000

square foot office park that wraps around a twelve acre protected wildlife refuge. The majority of the Creekside

Corporate Park recently received a $30 million upgrade and was sold to a Singapore institutional investment group. The

tenant base includes a mix of local, regional and national credits and lease rates have escalated over the last two years,

creating a healthy backdrop for new potential owners of the property.

INVESTMENT OVERVIEW

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8700 CREEKSIDE

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PROPERTY SUMMARY

OFFERING SUMMARY

THE OFFERING

Property 8700 Creekside

Price $4,250,000

Property Address 8700 SW Creekside Pl, Beaverton, OR

Assessors Parcel Number

1S127AC-00400

SITE DESCRIPTION

Number of Floors Two Levels

Year Built/Renovated 1984

Rentable Square Feet 30,117

Ownership Fee Simple

Lot Size 2.88 acre(s)

Parking 122 Free Surface Spaces

Parking Ratio 4.00/1,000 SF

Topography Flat, Landscaped

Intersection/Cross Street

SW Hall & Creekside Place

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CONSTRUCTION

Foundation Reinforced Concrete

Exterior 12 Foot Slab to Slab

Parking Surface Asphalt

Roof Built-Up Flat and Membrane

Ceiling Height 12 and 20 Foot

MECHANICAL

Fire Protection Sprinkler System

Elevators Elevator Served

Security Security Card Access System

The 8700 Creekside Building is a two story 30,620 square

foot class B office building. Originally built in 1984, the

subject property is a multi-tenant building with 30,117 net

rentable square feet and six flexible office suites. The

property is situated on a 2.88 acre parcel that is part of the

Creekside Corporate Park, an award-winning 500,000

square foot office park that wraps around a twelve acre

protected wildlife refuge. It is located in the heart of

Beaverton, 7.5 miles from Downtown Portland and 1.5

miles from Washington Square Mall, a major nationally

anchored retail center. The property has easy access,

within a half mile of Highway 217, that connects Interstate

5 and the Sunset Highway/Highway 26 corridors. There is

a Starbucks, Subway and other major retailers within

walking distance of the Subject Property and is adjacent to

the Hall/Nimbus WES TriMet Station. The structure is

reinforced concrete, with both a built-up flat and new

membrane roof. The building is elevator served, is fully

sprinklered and has a security system in place. The roof,

HVAC, and parking lot are all in good working condition.

Its attractive design has large windows and plenty of

natural light, especially in the glass atrium. Features also

include open floor plans, high ceilings for creative office

use, elevated loading docks, garage doors,

shower/changing rooms, shared tennis court, and

spectacular views of the Kroll Wetlands/Fanno Creek

Greenway.

AERIAL PHOTO

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AERIAL PHOTO

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REGIONAL MAP

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Property & Area Photos

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FINANCIAL ANALYSIS

8700 CREEKSIDE

OPERATING STATEMENT

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FINANCIAL ANALYSIS

8700 CREEKSIDE

PRICING DETAIL

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8700 CREEKSIDE

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