6410 HALSEY

INVESTMENT HIGHLIGHTS

• 3.908% INTEREST ONLY ASSUMABLE LOAN – $10,900,000 Loan and 3.908% Interest Only Payments through Loan Maturity (1/1/2030).
• LONG-TERM LEASE – INVESTMENT GRADE CREDIT – 10+ Years remaining on an Industrial NNN Lease with Providence Health and Services – Oregon, an affiliate of Providence St. Joseph’s Health (Moody’s A2 Credit). Founded in 1859 and with over $28 Billion Annual Revenue, Providence St. Joseph Health (“Providence”) is a national, not-for-profit Catholic health system comprised of 51 hospitals, 1,000 clinics and a comprehensive range of health and social services across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington.
• MISSION CRITICAL LOCATION – This location is critical to Providence’s operations as it is located less than 1 mile from Providence Portland Medical Center (1,400,000 Sq. Ft. Hospital with 483 Beds and the largest hospital in the region). “Providence” (Subject Property) serves as a multi-use distribution, R&D, patient services hub for Providence St. Joseph’s Health. 25% of the building is utilized as a warehouse for distribution of medical beds, wheelchairs, drip chairs, oxygen, etc. to local hospitals/clinics, and 75% for pharmaceutical R&D/Office/Patient Services. “Providence” has been occupying this property since 2008 after a multimillion-dollar renovation paid by Providence St. Joseph’s Health showing their commitment to this specific location.
• PRIME REAL ESTATE – “Providence” (Subject Property) is located adjacent to the I-84, which is the main arterial highway connecting Salt Lake City, UT and Boise, ID directly to downtown Portland, OR. This location provides convenient access to:
  • ±1 mile from Providence Portland Medical Center | 483 Beds
  • ±3 miles from Downtown Portland
  • ±3 miles from the I-5 (Connecting Seattle, WA to San Diego, CA)
  • ±5 miles from Portland International Airport & The Port of Portland
  • ±5 miles from Portland’s Union Station