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OR FAX FORM ON PAGE 134 TO 503-242-1814
102
PUBLISHED RESERVE: $525,000
LAST ASKING: $811,526
SIZE: 2.76± Acres
ZONING: LI – Light Industrial
PROPERTY INSPECTION: At Any Time
None – All Cash
DESCRIPTION: This 2.76± acre industrial site is
located in Sherwood, which is within the I-5 South
submarket, and at 4% has one of the lowest vacancy
rates in the Portland Metropolitan area. Within
Sherwood, the vacancy rate has been estimated at 6%.
The bulk of new construction has been in Tualatin, or
along Sherwood-Tualatin Road, north of the property.
Sherwood-Tualatin Road provides access to both I-5
and Highway 99.
The property, located at 15104 SW Oregon Street, was used as a site for both a leather tanning operation and a
battery manufacturing facility. The prior owner undertook clean-up, and obtained in 2008 a No-Further-Action
determination from the DEQ (Oregon Department of Environmental Quality) as part of a prospective purchase
agreement. An easement and Equitable Servitude outlining terms of the NFAwith DEQwill be part of the transfer.
Copies of the documents and additional reports are contained in the Supplemental Information Package. The
terms of the Auction provide a 60-day contingency period for purchaser to review all environmental documents.
The LI zoning will allow a wide range of uses, including business and professional office.
The irregular-shape site has frontage along SW Oregon Street, and a paved area is currently leased for parking
at a monthly rate of $500 which serves employees of a nearby plant.
All utilities serve the site, including natural gas.
LOCATION: 15104 S.W. Oregon Street, Tax Lot 1100
SEALED BIDS DUE NO LATER THAN 5:00 PM, WEDNESDAY, MAY 15, 2013
Industrial Development Site
Sherwood, Oregon
SW Hall St.
SW Oregon St.
SW Tualatin Sherwood Rd.
Langer Farms Parkway
N
Please Note: Sketch plan is conceptual only. Neither the Seller nor its
agents have submitted plan or made any applications to a public agency.
To Portland
To I-5
Highway 99