EXCLUSIVELY LISTED BY: MODERN REALTYCOMMERCIAL

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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

CONFIDENTIALITY AND DISCLAIMERThe information located inside this marketing presentation is considered proprietary and confidential. The content is intend-ed to be utilized as an educational resource and does not make any guarantees to its contents under an investigation, however, MODERN REALTY has provided the sources that we deem are accu-rate. MODERN REALTY makes no warranty nor representation to the completeness of the information provided. © 2019 MODERN REALTY all rights reserved.

NON-ENDORSEMENT NOTICEMODERN REALTY does not imply any affiliation with a commercial prospect tenant nor does it endorse a third party within this marketing package.

I N V E S T M E N T O V E R V I E WWelcome to the Park at Camas Meadows. Home of the 2018 Parade of Homes and fastest growing region in Southwest Washington. MODERN REALTY is pleased to have been selected to exclusively bring to market the only remaining fully entitled, permit ready commercial pad in the Park. Surrounded by 41 luxury multi-million dollar homes with another 150+ units master planned to come Online over the next 12 months. The City of Camas has a strong business plan to collaborate with real estate investors to continue the prosperous growth in this region.

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T A B L E O F C O N T E N T S

011915EXECUTIVE SUMMARY

SECTION 1

DEMOGRAPHIC SUMMARYSECTION 3

COMPARABLE PROPERTIESSECTION 2

• Investment Overview• Financial Overview• Property Summary• Operating Data• Rent Roll• Offering Highlights• Pad 3&4 Parking • Investment Highlights• Close-In Aerial Map• Property Photos• Bird’s Eye Aerial Map• Regional Aerial Map

• Demographic Highlights• Demographic Summary

• Sales Comparables – Land Acquisitions / Pending

C A M A S , W A S H I N G T O N I S T O P R A N K E D F O R I T S E C O N O M I C G R O W T H I N T H E S O U T H W E S T R E G I O N

E X E C U T I V ES U M M A R Y

P A D 3A R C H E R Y B U S I N E S S P A R K

A T C A M A S M E A D O W S

T R O P H Y P R O P E R T Y L O C A T E D N E X T T O T H E 2 0 1 8 P A R A D E O F H O M E S ,

A D J A C E N T T O C A M A S M E A D O W S G O L F C O U R S E

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P A C K A G E S A L E P R I C E

E N T I T L E D L A N D P R I C EP R I C E P E R L A N D S Q U A R E F O O T A G E N E T O P E R A T I N G I N C O M E

( P R O F O R M A )

$1,400,000$986,667 $14.50 S/F $432,144

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ALYSIS

FINANCIAL OVERVIEW

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P R O F O R M A L O N G B O W B U I L D I N G A N A LY S I S

Capital / Debt Requirements

Investor Capital RequirementConstruction Loan RequirementPerm Loan RequirementDSCR at Start of Perm Loan

Leasehold YieldUnleveraged Stabilized Yield

Investment PerformanceSummary of Investor Cash FlowSummary of Project Cash FlowROI ProjectIRR ProjectROI InvestorsIRR Investors

Summary of Manager Cash Flow- Manager Fees- Predevelopment Value- Manager Share of Profits

Total

2,950,0002,900,0004,000,0001.35

7.18%

1,523,8582,733,13392.65%17.15%51.66%11.16%

206,500100,0001,209,0751,515,575

5.5% Cap Rate 6.0% Cap Rate 6.5% Cap Rate 7.0% Cap Rate

2,950,0002,900,0004,000,0001.35

7.18%

1,212,8452,111,10771.56%14.27%41.11%9.32%

206,500100,000898,2621,204,762

2,950,0002,900,0004,000,0001.35

7.18%

949,6811,584,77853.72%11.51%32.19%7.63%

206,500100,000635,098941,598

2,950,0002,900,0004,000,0001.35

7.18%

724,1111,133,63838..43%8.83%24.55%6.06%

206,500100,000409,528716,028

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BUILD

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ALYSIS

NOT TO SCALE1

SE ENTRY VIEW | AHP3

NOT TO SCALE2

SW HIGH VIEW | AHP3

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HIG

HLIG

HTS

P A D 3 S I T S S Q U A R E LY I N T H E H E A R T O F T H E A R C H E R Y

D I S T R I C T A S T H E O N LY A V A I L A B L E F U L LY E N T I T L E D

P E R M I T R E A D Y C O M M E R C I A L P A D

O F F E R I N G H I G H L I G H T S3601 NW CAMAS MEADOWS DR, CAMAS,WA 98607

LAND PRICING

PRICE

PROJECTED NNN LEASE TERMS

LAND PRICE S/F

VERTICAL CONSTRUCTION COST

PROJECTED NOI

PROJECTED SALES PRICE @ 6.5% CAP

$986,667

$32.00 S/F

$14.50

$3,378,000

$432,144

$6,648,369

KEY INFORMATION

HOUSEHOLD INCOME OUTDOOR LIFESTYLE SCHOOL DISTRICT INCREASE IN EMPLOYMENT IN 10

YEARS

TURN-KEY PACKAGE PRICE WITH BUILDING PLANS

APPROVED BUILDING SQUARE FOOTAGE

$986,667

$101,167 A+ #1 39.9%+

$1,400,000 17,500 S/F

PA D 3 & 4PA R K I N G

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K E Y H I G H L I G H T S :

Pad 3 has an approved 17,500 s/f building fully engineered with construction plans to pull permits tomorrow. This is available to be purchased at $1,400,000 including the land.

A sophisticated master storm water system has been designed and is available to be connected to the site for only $52,500.

The seller has SDC credits on file with the City of Camas available to be sold and transferred to the new buyer at a discount.

This is the only commercial opportunity available in this region harnessing these amenities for a future user or investor.

Pad 3 is the only available pad, as the other 4 are currently under contract in preparation to go vertical with their respective plans.

1.

2.

3.

4.

5.

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I N V E S T M E N T H I G H L I G H T S

Profitable build and hold or build and sell project

Perfect for an owner-occupant and /or investor

Rare opportunity to own an asset positioned in the heartof this beautiful location.

High demand for tenants and compelling potential equity with the growth of the neighborhood and golf course amenities.

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1 0 , 0 0 0 F O O TA E R I A LP E R S P E C T I V EKey Employers:• Wafertech• Fisher Investments• Gerogia Pacific• HP• Walmart• Home Depot• Lowes• Wells Fargo• AT&T• QFC• Costco• Camas Meadows Golf Course

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CA

L AERIA

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L O C A LA E R I A LP E R S P E C T I V EKey Employers:• Wafertech• Walmart• Home Depot• Lowes• Costco• Camas Meadows Golf Course

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COMPAR ABLEPROPERTIES

CAMAS, WASHINGTON

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PARA

BLE PROPERTIES

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COLUMBIAPALISADES

UNDER CONTR ACT

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CAMAS MEADOWSGOLF CLUB

UNDER CONTR ACT

$14.50 PRICE PER SQ/FT

Archery Business Park: Pads 1, 2, 4 and 5: Under Contract

Residential lot prices sell from $340,000-$510,000 with homes that

start at $1,500,000+

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Pad #1: PENDINGPad #2: PENDING

Pad #3: Available

Sold For $2.1 Million

Pad #4: PENDING

Pad #5: PENDING

MAP SHOWING:

ESTATES AT PARKLANDS RESIDENTIAL & BUSINESS PARK

1-5 BUSINESS PADSPHASE: II

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DEMOGRAPHICSUMMARY

A R C H E R Y D I S T R I C T

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$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$0

14%

12%

10%

8%

6%

4%

2%

0%

Ave

rage

Ful

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Sala

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Software developers, applications &systems software

Average SalaryUnited States Washington

Miscellaneous managers

< $10K

$10- 20k

$20- 30k

$30- 40k

$40- 50k

$50- 60k

$60- 70k

$70- 80k

$80- 90k

$90- 100k

$100- 110k

$110- 120k

$120- 130k

$130- 140k

$140- 150k

$150- 160k

$160- 170k

$170- 180k

$180- 190k

$190- 200k

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Elementary & middle school teachers Driver / sales workers & truck drivers Retail salespersons

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$0

$0 $50k $100k $150k $200k $250k $300k $350k

$10k $20k $30k $40k $50k $60k $70k $80k $90k

Median Household Income

Median Household Income

Parent Geographies Camas, WA

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P R O P E R T YV A L U E

$381,5002017 MEDIAN 2016 MEDIAN

$341,300

In 2017, the median property value in Camas, WA grew to $381,500 from the previous year’s value of $341,300.

The following charts display, first the property values in Camas, WA compared to it’s parent and neighbor geographies and second, own-er-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket in Camas, WA the largest share of households have a property value in the $300k - $400k range.

SALE!

C O M M E R C I A L P A D # 3A V A I L A B L E

I N V E S T M E N T O F F E R I N G M E M O R A N D U M

CONTACT:

JENNIFER LUFFMAN |SANTINO FILIPELLI360-463-9349 971-340-6636