Portland Industrial Market Overview_Q1 2021

SALES COMPARABLES

BLUE LAKE CORPORATE PARK SALE DATE 4/13/2018 BUYER Trammell Crow SELLER Cereghino SUBMARKET East Columbia Corridor

r

ACREAGE 41.3 PRICE/SF $5.75 COMMENTS 28 acres usable.

GRESHAM VISTA LOT 5 SALE DATE 10/30/2020 BUYER Specht SELLER Port of Portland SUBMARKET East Columbia Corridor COMMENTS $8/SF for the land plus $1.41/SF for the infrastructure ($3M) to get to development ready land or $9.41/SF of developable (usable). SANDY INDUSTRIAL PARK SALE DATE 12/31/2020 BUYER Black Creek SELLER Phelan SUBMARKET East Columbia Corridor ACREAGE 8.59 PRICE/SF $13 COMMENTS Part of building and land acquisition. Land valued at $13/SF. ACREAGE 48.5 PRICE/SF $9.41

mbia Blvd

Airport Way

East Columbia Corridor

PAPE SALE DATE 9/1/2020 BUYER Pape SELLER Local SUBMARKET Airport Way ACREAGE 11.26 PRICE/SF $13 COMMENTS Owner user sale.

PORTLAND PORTAL II SALE DATE 6/1/2018 BUYER Panattoni SELLER Weston SUBMARKET Airport Way ACREAGE 23 PRICE/SF $5.75

PROLOGIS HOME DEPOT SALE DATE 3/5/2019 BUYER Prologis SELLER Local SUBMARKET Airport Way ACREAGE 17.92 PRICE/SF $ COMMENTS 10 usable acres.

COMMENTS 23 usable acres. Spec develop- ment. 359,830 SF building. Slope shaving.

E POINT I-5 ATE 12/1/2018 Bridge Development Hanson Pipe RKET Columbia Blvd GE 37.68 SF $10.85 NTS $5-$7 to get site e. Sets new bar of $16-$18 vel ready industrial land on umbia.

FORMER BROADMOOR GOLF COURSE SALE DATE 11/2/2020 BUYER Prologis SELLER Private SUBMARKET Columbia Blvd ACREAGE 123.8 PRICE/SF $9.58 usable COMMENTS Sold $8M. Development plans for one 345,485 SF building or BTS on 19.16 usable acres ($9.58/SF).

PROLOGIS MEADOWS SALE DATE 7/29/2019 BUYER Prologis SELLER Private SUBMARKET Columbia Blvd ACREAGE 115 PRICE/SF $11 usable

COMMENTS 100 ac usable. Develop- ment under way for industrial park - 1.85M SF available. Majority preleased with BTS. 300k SF pad remaining.

cushmanwakefield.com 25