Blue Mountain Mall

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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
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Blue Mountain Mall

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