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OR FAX FORM ON PAGE 81 TO 503-242-1814
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PUBLISHED RESERVE:
$525,000
LAST ASKING:
No Prior Sale
SIZE:
2.76± Acres
ZONING:
LI – Light Industrial
PROPERTY INSPECTION:
At Any Time
FINANCING:
Subject to Seller’s approval of
Purchaser’s Credit: a 30% down payment, with the
balance secured by a First Deed of Trust, amortized
over 20 years at 6% interest, calling for monthly
payments of principal and interest, all due and payable
at end of three years.
DESCRIPTION:
This 2.76± acre industrial site is
located in Sherwood, which is within the I-5 South
submarket, andat 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 NFAwithDEQwill 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 that serves employees of a
nearby plant is currently leased for parking at a monthly rate of $500.
All utilities serve the site, including natural gas.
LOCATION:
15104 SW Oregon Street - Sherwood, Oregon, Tax Lot 1100.
SEALED BIDS DUE NO LATER THAN 5:00 PM, NOVEMBER 20, 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.
