Blue Mountain Mall

Capital Markets | Private Capital Group
Blue Mountain Mall
Redevelopment and REO
W. ROSE STREET & NE MYRA ROAD :: WALLA WALLA, WA
INVESTMENT SUMMARY
• Over $8 million in site work and
improvements completed in 2008.
• Two existing vacant buildings of 34,203
SF and 48,444 SF could be repurposed
for retail or other uses: The partially
constructed junior anchor shell building
of 58,696 SF could be quickly finished for
new tenants.
• Established retail location: Originally
known as the Blue Mountain Mall, the
shopping hub of Walla Walla residents
and the surrounding environs for over
20 years; Shopko owns the building they
occupy and provides shopping draw.
• In-place income stream: Ground lease
with Pizza Hut provides approximately
$45,000 in annual income.

THE OFFERING
Pricing............................................$4,450,000
Price Buildings.................................$30.69 PSF
Price Land..........................................$2.17 PSF
Total Land Size..........................±2,047,320 SF
Total Acreage................................... ±47 acres
Total Building Size........................±145,300 SF
Completed............................1989/2008–2009
Terms......................................... Cash at closing
2012 DEMOGRAPHICS (est.)
CATEGORY
5 MILE
RADIUS
10 MILE
RADIUS
50-MIN
DRIVE TIME
Population 50,623 62,101 73,866
Avg. Household Income $54,366 $53,460 $53,545
Avg. Housing Value $201,124 $192,135 $192,281
TRAFFIC COUNTS (Vehicles Per Day)
West Rose Street 8,736 (2010)
NE Myra Road 4,333 (2003)
Poplar Street 7,275 (2003)
Existing Shopko store (NAP)

AREA PROFILE
PROPERTY SUMMARY
• Over 100 wineries and 1,500 acres of vineyards have an
estimated economic impact of $100 million dollars annually.
• $53 million revitalization of downtown core helped Walla Walla
win the “Great American Main Street” award from the National
Trust for Historic Preservation.
• The hub for medical, professional and business services for
Southeastern Washington and Northeast Oregon.
• Home to three colleges including Whitman College (±1,400
students), Walla Walla University (±1,800 students) and Walla
Walla Community College (±13,000 students).
Address:
Total Square Feet:
Land:
Occupancy:
Classification:
Year Built:
Construction:
W. Rose Street & NE Myra Road
Walla Walla, WA 99362
±4,000 SF (Pizza Hut)
±34,203 SF (Gottschalk)
±48,444 SF (Sears)
±58,696 SF (unfinished retail)
±2,047,320 SF (±47 acres)
Vacant except for Pizza Hut (ground lease)
Retail, Office, MF Residential
1989 original construction
2008–2009 Partial Improvements
Concrete block, Class C
• Three hospital facilities located within the area including St.
Mary Medical Center, Walla Walla General Hospital, and
Jonathan M. Wainwright Memorial VA Medical facility.
• Major employers include schools and colleges, state and local
governments, utilities food-processors, machinery and irrigation
manufacturers as Walla Walla Community College, St. Mary
Medical Center, Boise Paper Solutions, Whitman College, VA
Medical Center, Key Technology, Broetje Orchards, Tyson Fresh
Meats, Inc., and Nelson Irrigation.
Parking: Existing 3.47/1,000
Zoning:
Access Points:
Highway Commercial (HC)
Assesed Value: $14,417,700
Real Estate Taxes: $135,187
Parcel #:
1 curb cut off Myra Road
2 curb cuts off W. Rose Street
1 curb cut off Poplar Street
Total of 24 parcels
• One of the primary agricultural producing regions for the state.
Electrical:
Gas:
Water And Sewer:
Refuse:
Pacific Power & Columbia REA
Cascade Natural Gas
City of Walla
City of Walla Walla & Disposal Services
NAP
NAP
Retail development
potential: ±500,000–780,000 SF
(plus additional other uses)
Retail
±34,203 SF
NAP
Retail
±48,444 SF
Unfinished Retail
(±58,696 SF)
RETAIL
PROPOSED

Capital Markets | Private Capital Group
For more information, please visit:
www.bluemountainREO.com
PCG Washington Retail
:: Constance Wilde
Lic. 10065 | 206.292.6135
constance.wilde@cbre.com
:: Brent Tayet
Lic. 78165 | 253.572.6355
brent.tayet@cbre.com
National Retail Investment Group–West
:: John Read
Lic. 01359444 | 949.725.8606
john.read@cbre.com
:: Patrick Toomey
Lic. 00881133 | 949.725.8507
patrick.toomey@cbre.com
:: Megan Read
Lic. 01516027 | 949.725.8423
megan.read@cbre.com
:: Philip D. Voorhees
Lic. 01252096 | 949.725.8521
phil.voorhees@cbre.com
© 2012 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or
representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance
of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of
the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other
countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners
and use of these images without the express written content of the owner is prohibited. cjm 11-08-12