OZ Professional Building + Development Opportunity

• Located in an Opportunity Zone!
• NOTE: There is a fully entitled 7,262 sq. ft. Commercial Building (ready to build) adjacent to the office building (west side). This lot is INCLUDED in the offering. The area on page 12 of the OM outlined in red and parking on the west side highlighted in red (parking easement easement) is the development opportunity. Complete architectural plans are available. This property may also be within a Qualified Opportunity Zone which offers significant tax benefits. New construction design and layout is for eight units with sidewalk access and parking lot access. Very flexible design and pedestrian friendly. There is ample parking for both buildings. Residential units could be added to a second level (with Municipal approval). It is possible to add additional residential units above the commercial development, subject to design and municipal approval.
• The office building has been completely upgraded from tip to toe! More than $650,000 of Capital Improvements. New HVAC systems (water source heat pumps) throughout, new chiller, new boilers, new 60 Mil TPO roof (2018), new LED lighting throughout the building (2021), refreshed common areas, paint / carpeting / tile (2019), masonry re-sealed and tuck point (2024), facia and soffits replaced, parapet flashing upgraded (2024), windows re-sealed (2024), concrete sidewalks added and repaired (2024), parking lot asphalt, seal and re-stripe (2024), soffits replaced (2024). Secure building with CCTV (inside and outside cameras) HD recording (2021) Controlled Access by pin-pad, smartphone app, or keypad code. Building is in tip-top shape with zero deferred maintenance.
• Existing 30,000 sq. ft (+/-) Professional Building in Opportunity Zone. Professional and very stable tenant base, mostly medical, legal, and accounting. Building has been completely updated in past 5 years including new roof, new rooftop chiller, new boilers, all water sourced heat pumps have been updated, all new LED lighting throughout the building (substantially lowering operating costs), new common areas including fresh paint and new carpeting throughout. This property is a zero deferred maintenance building.

Capital Improvements

• 1. Roof replacement / R&I Remodelers, Inc. $118,956 Oct 2018, Apr 2019 2. Cooling tower / Willamette $87,525 Nov–Dec 2018 3. Boiler replacement $4,800 Oct 2018 Willamette $24,874 Dec 2020 Hunter-Davisson 4. LED lighting upgrade $56,274.42 Sep–Dec 2021, Apr 2022 5. HVAC Heat pumps (various contractors) $9,114 Jul 2021 Hunter-Davission $24,609 Dec 2021 Hunter-Davission $91,730 Oct–Dec 2018 Latimer 6. Common area improvements / Nick $28,700 Mar, May, Jun 2019 7. Siloxane Waterproofing Pioneer Waterproofing $36,058 Jun 2024 8. Design Build Contractors / roof work (sheet metal caps) $21,182 Jul 2023 & Dec 2023 9. Sidewalk installation $18,300 Apr 2024 10. Pave & sealcoat parking lot $45,558.5 August 2024 11. New parking lot lights $2,798 Dec 2020 12. Window treatments $6,300 Oct 2018, May 2019, Oct 2019, Nov 2019 13. Camera system $21,853.96 Jun 2021 14. Tuck-Point Masonry $36,058 15. Parapet Flashing Upgrade $7,372 16. Emergency Exit lighting added (3 levels) 1/2025 $5000 TOTAL $647,061