offering memorandum oakridge building - for sale or lease...lake oswego, or 97035 oakridge building...

KW COMMERCIAL

16365 SW Boones Ferry

Lake Oswego, OR 97035

Oakridge Building - For Sale Or Lease

OFFERING MEMORANDUM

DENISE BROHOSKIBroker And Director Of Commercial Real Estate0 503.309.5106C [email protected]

PRESENTED BY:

LAKE OSWEGO, OREGON 97035

OFFERING MEMORANDUM

www.kwcommercial.com

KW COMMERCIAL16365 SW Boones FerryLake Oswego, OR 97035

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.


PROPERTY NAME: Oakridge Building

PROPERTY ADDRESS: 4309 Oakridge Road, Lake Oswego, OR 97035

SALE PRICE: $2,825,000

LEASE RATE: $28/NNN

LOT SIZE: 0.67 AC

BUILDING SIZE: 7,581 SF

BUILDING CLASS: B

ZONING:NC (Neighborhood Commercial)/R-O (Residential High Density allowing 12 units per

acre)

RAIL ACCESS: N/A

PARKING SPACES: 24

CROSS STREETS: Boones Ferry Road & Oakridge Road

YEAR BUILT: 1983

NUMBER OF STORIES: 2

PROPERTY OVERVIEWThere are very few directly competitive buildings for sale in the immediate area that provides the quality, size,function, and identity of the Oakridge Building. The property features an appealing architectural design thatincludes an optimal mix of reception, conference rooms, private offices, restrooms, kitchen, and abundant onsite parking.

LOCATION OVERVIEWFounded in 1847, Lake Oswego, Oregon became an affluent suburb of Portland noted as a premier addressfor both businesses and residents. It's central location in the middle of Portland's main thoroughfares of I-5,I-205, Hwy 217, and Hwy 99, enables businesses to draw from a strong labor pool, while benefiting from thefavorable Clackamas County tax rates.

Lake Oswego is renowned as one of the most desirable places to live in the Portland Metro area with its senseof community, variety of specialty shops, superior culinary restaurants, parks, and of course the lake.

SALE HIGHLIGHTS• Optimal Owner/User design

• Excellent Location in a Strengthening Submarket

• Functional Aesthetically Pleasing Design Minimizes Re-Tenanting Costs

• Rare and abundant off street parking

4309 Oakridge Road, Lake Oswego, OR 97035

OAKRIDGE BUILDING

OFFICE FOR SALE

http://www.kwcommercial.com






OAKRIDGE BUILDING

OFFICE FOR SALE






POPULATION 1 MILE 3 MILES 5 MILES

Total Population 10,381 77,075 208,351

Median Age 41.5 40.0 39.6

Median Age (Male) 40.3 39.2 38.7

Median Age (Female) 41.8 40.5 40.6

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total Households 4,452 31,916 87,335

# Of Persons Per HH 2.3 2.4 2.4

Average HH Income $98,017 $100,817 $93,640

Average House Value $633,480 $538,022 $454,599

* Demographic data derived from 2010 US Census


OAKRIDGE BUILDING

OFFICE FOR SALE






Subject Property4309 Oakridge Road | Lake Oswego, OR 97035

$2,825,000Sale Price: 29,251 SFLot Size: 1983Year Built:

$372.64Price PSF: 7,581 SFBuilding SF:

1

15924 Quarry RoadLake Oswego, OR 97035

$800,000Sale Price: 6,482 SFLot Size: 2,100 SFBuilding SF:

$380.95Price PSF:

1

2

WL Avery Building15540 Boones Ferry | Lake Oswego, OR 97035


4,385 SFBuilding SF: $379.23Price PSF:

2


OAKRIDGE BUILDING

OFFICE FOR SALE






3

Sunset Crossing16679 Boones Ferry Road | Lake Oswego, OR 97035



3

4

5895 Jean Road5895 Jean Road | Lake Oswego, OR 97035



4

5

Oswego Landing696 McVey Ave | Lake Oswego, OR 97035



5


OAKRIDGE BUILDING

OFFICE FOR SALE


OFFERING MEMORANDUM

Confidentiality & DisclaimerLAKE OSWEGO, OR

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byPortland Premiere in compliance with all applicable fair housing and equal opportunity laws.

KW COMMERCIAL

16365 SW Boones Ferry

Lake Oswego, OR 97035

PRESENTED BY:


We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.

offering memorandum oakridge building - for sale or lease...lake oswego, or 97035 oakridge building...

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