460 - 510 NE Captain Michael King Smith (285.5 acres) SOLD 4/2020

510 NE Capt. Smith

JLL, as exclusive advisor for the seller, is pleased to offer for sale the fee simple interest in the McMinnville Portfolio, located on East Salmon River Highway 18 just east of McMinnville, Oregon, 36 miles from Portland in the heart of Oregon’s famed Willamette Valley wine country. A once-in-a-lifetime opportunity, the McMinnville Portfolio totals 285.5 acres, and includes the 120,000 square foot Evergreen Space Museum building, 71,350 square foot Wings & Waves Waterpark, 5,500 square foot wedding venue known as The Lodge, a fully entitled hotel development site, plus approximately 230 acres of surrounding vineyard and productive agricultural land under long-term management. Located in an Opportunity Zone, with favorable optionality in occupancy and a mix of existing and future income generating potential, the Portfolio presents the ideal opportunity for investors, operators, owner-users, and developers alike.

LOCATION

Oregon Highway 18
460 - 510 NE Captain Michael King Smith
McMinnville, OR 97128

DETAILS

Land Area	± 285.5 acres
Type	Site: 5 parcels, Campus, Water Park, Land
Status	Active
Certification	C-3
Sale	For Sale
Lease	NA
Tax Lot	R4423 00600, 800, 1301, 1400, 400

UTILITIES

Electricity	McMinnville Water & Light Contact: Engineering for more information at 503.472.6919 or visit: www.mc-power.com
Water	McMinnville Water & Light Contact: Engineering for more information at 503.472.6919 or visit: www.mc-power.com
Telecom	Comcast -- Visit: www.business.comcast.com Frontier -- Visit: www.business.frontier.com OnlineNW -- Lit Fiber, unlimited capacity, wireless network (redundant connection upon request). Visit: www.onlinenw.com/internet-services-business LS Network -- Visit: www.lsnetworks.net Verizon -- Visit: www.verizon.com
Sewer	City of McMinnville Contact: Engineering for more information at 503.434.7312 or visit: www.mcminnvilleoregon.gov/engineering
Gas	NW Natural -- Visit: www.nwnatural.com/Business