12960 SE 162ND AVENUE | HAPPY VALLEY, OREGON

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OFFERING MEMORANDUM

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500

Dann Wonser 503.972.7279 dann@macadamforbes.comLicensed in OR

FOR LEASE

PRIME RETAIL & OFFICE SPACE IN HAPPY VALLEY SUMMER 2020 DELIVERY

All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

• The property benefits from traffic visibility to Happy Valley Town Center, which has a main entrance across the street.

• Population in this area is expected to increase more than 10% in the next five years.

• Median household income is approximately 44% higher than the surrounding Portland Metropolitan Area.

• Enjoy the developing synergy with the anchor tenant, Happy Valley Public House, and the other retail/office spaces within Cristallis Commons that are soon to be completed.

OFFERING HIGHLIGHTS | 12960 SE 162nd Avenue

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

SITE

213

224

212

212

PROPERTY SUMMARY | 12960 SE 162nd Avenue

PROPERTY OVERVIEW OFFERING SUMMARY

Total Available SF:

Upper Level:

Courtyard Level:

Floors:

Year Built:

Zoning:

Parking:

Lease Type:

Lease Expiration:

Lease Rate:

8,805 SF

1,466 SF - 4,397 SF

1,900 SF - 3,868 RSF

2

Summer 2020 Delivery

(MUC) Mixed Use

Commercial

Abundant

NNN

8/31/2020

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PROPERTY HIGHLIGHTS

LOCATION OVERVIEW

• City Hall is very supportive of this development, and plans to have street fairs in front of the property both in Fall and in the Winter holiday season.

• There is a cross-easement for parking within the Cristilla Commons development. It is our understanding that additional parking at Happy Valley City Hall across the street is open to the public.

Prime retail and office space available Summer of 2020. The property benefits from traffic visibility to Happy Valley Town Center, which has a main entrance across the street. Within this Cristilla Commons development, a new 107-unit apartment project with ground floor retail is under construction. The nearby Pleasant Valley golf course will drive traffic from roughly another 1,200 multifamily and single-family units when development is completed.

This beautiful new center’s location benefits from a combination of rapid growth and excellent demographics. Population in this area is expected to increase more than 10% in the next five years, and the median household income is approximately 44% higher than the surrounding Portland Metropolitan Area.

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

AVAILABLE SPACES | 12960 SE 162nd Avenue

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

COURTYARD LEVEL MAIN FLOOR

1,466 SF - 4,397 SF 1,900 SF - 3,868 RSF

ADDITIONAL PHOTOS | 12960 SE 162nd Avenue

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

VIEW FROM SE 162ND

ADDITIONAL PHOTOS | 12960 SE 162nd Avenue

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

COURTYARD LEVEL VIEW

SITE PLAN | 12960 SE 162nd Avenue

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

DEMOGRAPHIC MAP & REPORTS | 12960 SE 162nd Avenue

1800 SW First Avenue, Suite 650 | Portland, OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.

POPULATION 1 MILE

1 MILE

2 MILES

2 MILES

3 MILES

3 MILESHOUSEHOLDS & INCOME

2019 Total Population:Median Age:

2019 Total Households:# of Persons per Household:Average Household Income:Average House Value:

10,92036.5

3,7302.9

$98,780$400,160

33,24538.1

11,4792.9

$101,453$412,139

51,79938.5

18,4412.8

$96,807$408,993

*Demographic data derived from CoStar