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HERMISTON FOODS OFFERING MEMORANDUM FOR SALE 2250 S Highway 395, Hermiston, OR
HERMISTON FOODSOFFERING MEMORANDUMFOR SALE 2250 S Highway 395, Hermiston, OR
HERMISTON FOODS
Table of ContentsExecutive Summary ......................................3
• Property Overview
• Strategic Food Processing Assets
• Site Plan
Location Overview ........................................6
• Hermiston, OR
• Map and Demographics
• Hermiston Enterprise Zone
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and certification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.
Kidder MathewsOne SW Columbia St, Ste 950Portland, OR 97258
HERMISTON FOODS
Contact Information
Kevin [email protected]
kiddermathews.com
Kidder Mathews | Offering Memorandum 3HERMISTON FOODS
Executive Summary
The property consists of approximately 137,300 SF of state-of-the-art food processing facility located on 45.30 acres of prime industrial land. With high clear height, very heavy power, expansion capabilities the facility can be adapted to handle many types of manufacturing and distribution. The facility is considered relatively new in its construction and features and has been methodically maintained and is in excellent condition.
PROPERTY OVERVIEW
Property Hermiston Foods
Address 2250 S Highway 395, Hermiston, OR 97838
Year Built 1990
Construction Concrete Tilt
Clear Height 22’-30’ (Production); 20’ (Seed Storage/Shop); 28’ (Freezer)
Power Heavy
Electricity T5 Lighting
Sprinklers Wet system fire protection
Dock Doors 4
Grade Doors 3
Rail Ready Doors 3
Zoning Combination - M-1 Light Industrial C-2 Outlying Commercial Zone
Total Acres 45.30
Excess Developable Land 20.77 acres
Asking Price Call broker for details
Total Buildings 137,300 SF
• Production 85,300 SF
• Cold Storage Freezer 19,100 SF
• Boiler/Engine Room 5,400 SF
• Office 5,000 SF
• Seed Storage/Shop Building 10,500 SF
Kidder Mathews | Offering Memorandum 4HERMISTON FOODS
STRATEGIC FOOD PROCESSING IMPROVEMENTS
Executive Summary
The existing improvements are varied and geared toward bulk frozen food processing. Additional information is available on the systems designs, freezing tunnel capability, and production capacity and on-site water treatment.
Raw food hopper pits
Expansive trench drains and gutter system
80% epoxy floors in production
Waste water pit
Dry waste pit
(4) Frigoscandia freezing tunnels
Air Cleaners
Coolers
Wash Tanks
Engine/Boiler rooms
Packaging/Chill room
Kidder Mathews | Offering Memorandum 5HERMISTON FOODS
SITE PLAN
Executive Summary
Kidder Mathews | Offering Memorandum 6HERMISTON FOODS
Location Overview
HERMISTON FOODS
Kidder Mathews | Offering Memorandum 7HERMISTON FOODS
HERMISTON, OR
Location Overview
Hermiston is perfectly located at the cross-roads of the Northwest, just 3-4 hours from the key markets of Portland, Seattle, Boise, and Spokane. The intersection of Interstate 84 and Interstate 82, just minutes from Hermiston Foods, also makes northern California, Utah, Montana, and British Columbia all accessible from this central location.
301
504
505
506
503
501 600
500300
200
200A4
507
100
400
6.55 Ac.
3.41 Ac.
0.97 Ac.
1.15 Ac
20.77 Ac.
24.56 Ac.
1.71 Ac.
1.28 Ac.
PTN LOT 2,
2 HE R MIS T ON P OR T UNIT 1
1 & 2 B LK 1 & ALL OF B LK
OF T HE R E P LAT OF LT
R E P LAT OF LT 2 B LK 2
C AMPBE LL DR IVE
ADD
HIGHLANDER CENTER UNIT 2& LTS 2&3, BLK 3HERMISTON PORT UNIT 1REPLAT OF LTS 1&2, BLK 2
& LT 8 B LK 3 HIG HLANDE R C NT R UNIT 2
O'B R IE N'S
C AMP B E LL DR IVE
P AR T IT IONINGR E P LAT
&
R E P LAT OF
ONE
HE R MIS T ON
& LT 8 B LK 3 HIGH LANDE RHE R MIS TON P OR T UNIT ON E
C E NTE R UNIT TWO
& ALL OF B LK 2
P OR T UNITHE R MIS TON
S E C OND ADDIT ION
LOTS 1 & 2
ONEP OR T UNIT
C 1/4 Cor.1/4 Cor.
CO
. RD
.
PENNEY AVENUE
(CO
. RD
. NO
. 604
)
CA
MP
BE
LL
D
R.
U.S.
HWY.
395
SHANNONWAY
KE
LLI
BO
ULE
VA
RD
NO
. 124
1
66'
80'
R=20
' R=20'
60'
60'
R=20'
80'
60'
66'
80'
R=2
60'
60'
70'
80'R=20'
115'
70'
401 - 9
9.02
STA.
70'
115'
See
Map
4N
28D
See Map 4N 28D
See Map 4N 28 24BB
See
Map
4N
28D
See Map 4N 28 24BA
1
12
3
1
1
2
2
1
2
4
Easem
ent
30' Easement
61-12
8-1
61-3
1
2
N 89^ 29' 15" E 392.25'
N 0
^ 03
' 23"
E
N 0
0^ 3
9' 5
5" W
N 89^ 29' 15" E
S 0
0^ 4
4' 3
5" E
S 0
0^ 4
4' 3
5" E
843.
61'
159.
02'
411.27'S 89^ 14' 05" W
159.
02'
257.
20'
803.
46'
280.
00'
279.93'
S 89^ 15' 53" W
S 0
0^ 4
4' 3
5" E
179.
99'
S 89^ 15' 53" W
489.93'
S 89^ 38' 01" E
S89.1553W 529.92'
N 0
^ 44
' 35"
W
N 89^ 15' 53" W
250.00'
268.
55'
N 49^ 03' 56" W
175.
00'
250.00'
529.93'
280.
00'
529.93'
S 0
0^ 4
4' 3
5" E
1246
.35'
190.
00'
159.
02'
411.06'
N 89^ 14' 05" E 410.75'
(N 89^ 52' 29" E
S 0
0^ 0
8' 4
1" W
381.74'
339.
93'
S 89^ 51' 49" E
159.
02'
249.98'
600.
23'
N 89^ 52' 15" W
10.0
0'
279.95'
(N 0
0^ 0
8' 1
1" E
S 89^ 48' 52" E85.73'
755.
29'
475.
09'
S 89^ 50' 04" E156.95'
N40
^ 55' 4
5"E
185.
16S
40^ 56
' 24"
W
232.6
2'
145.2
2'
162.00'
2669.15'
S 89^ 38' 01" E 1018.77'
S 49^ 06' 54" E
1275.67'
S 0
^ 03
' 23"
W
286.
55'
200'
400.
00'
N 0
^ 03
' 23"
E
N40
^ 53' 0
6"E
149.2
4'
60.00'
102.43'S 89^ 38' 01" E
335'
S40
^ 53' 0
6"W69
6.88'
908.
61'
60'
150'
N40
^ 55' 4
5"E57
.93'
S 49^ 06' 54" E
1453.59'
1513.59'
2250 S HIGHWAY 395
Kidder Mathews | Offering Memorandum 8HERMISTON FOODS
Location Overview
Hermiston
To Portland
Port of Umatilla
Columbia River
To Boise
To Seattle, Spokane and Tri-Cities
DRIVE TIMES & DISTANCES
Seattle 259 miles 4.3 hours
Spokane 204 miles 3.4 hours
Portland 181 miles 3.0 hours
Boise 259 miles 4.3 hours
Tri-Cities 30 miles 0.5 hours
NEARBY DESTINATIONS
Pendleton Commercial Airport 25 miles
Pasco Commercial Airport 30 miles
Portland International Airport 185 miles
Port of Umatilla Refrigerated River Port 8 miles
Port of Morrow Cargo River Port 25 miles
Interstate 82 10 miles
Interstate 84 4 miles
LEGEND
Interstate Highway
State Highway
Railroad
2250 S HIGHWAY 395
HERMISTON
Kidder Mathews | Offering Memorandum 9HERMISTON FOODS
Hermiston Enterprise Zone
INCENTIVE
The Hermiston Enterprise Zone is largely contiguous to Hermiston’s city limits, and is one of several Oregon Enterprise Zones. The zone allows eligible (generally non-retail) businesses that expand into the area, to receive total exemption from the property taxes normally assessed on new plant and equipment for three years.
QUALIFIED PROPERTY
A new building/structure, structural modifications or additions, or newly installed machinery and equipment qualify for exemption, but not land, previously used property value and miscellaneous personal items.
BUSINESS ELIGIBILITY
Eligible businesses include shippers, manufacturers, processors and a variety of operations that serve other organizations, as well as call-centers and headquarter-type facilities. Retail, construction, financial and certain other activities are not eligible.
CRITERIA FOR QUALIFYING PROJECTS
For the basic three-year property tax exemption, the business needs to:
• Increase full-time, permanent employment of the firm inside of Hermiston by one new job, or 10%, whichever is greater.
• Have no concurrent job losses outside of Hermiston, but inside of Oregon.
• Maintain employment level during the exemption period.
Some projects which meet the basic three-year exemption, may also qualify for an additional one to two years of tax exemption if they meet the following:
• Compensation of new workers must be at or above 150% of Umatilla County’s average wage. The threshold to meet is $55,203 in total compensation. For the purposes of calculating total compensation, companies can include the cost of all voluntary benefits; not just wages. Additionally, this figure is an average; so if a company which qualifies for the basic exemption adds 10 employees, and the total compensation for eight line-employees is $51,000 each, and the compensation for two new supervisors is $75,000 each, then the average would be high enough to meet the compensation threshold.
• There must be approval by written agreement with the City of Hermiston.
CRITERIA FOR EXTENDED TAX ABATEMENT
Kidder Mathews | Offering Memorandum 10HERMISTON FOODS
Kevin [email protected]
Kidder MathewsOne SW Columbia Street, Suite 950Portland, OR 97258
kiddermathews.com
