UNION RIDGE (NORTH) RIDGEFIELD, WASHINGTON


UNION RIDGE
(NORTH)
RIDGEFIELD, WASHINGTON
The Schuck Corporation
2 North Cascade Avenue • Suite 1280 • Colorado Springs, Colorado 80903
719.633.4500 Telephone • 719-633-6258 Facsimile
www.TheSchuckCorporation.com
UNION RIDGE
(NORTH)
RIDGEFIELD, WASHINGTON
This is a project of The Schuck Corporation (headquartered in Colorado Springs, Colorado)—a wellestablished land development firm of over 40-years.
THE PROPERTY
Union Ridge is the name of the overall project. The development is further designated as Union Ridge
North and Union Ridge South. The Property offers easy access to Interstate 5 due to the recent
construction of a new interchange and has excellent visibility from the highway. It is strategically situated
on both the east and west side of I-5 between Portland, Oregon and Seattle, Washington. Ridgefield,
Washington is located approximately 15-miles due north of Vancouver, Washington and 30-miles north
of Portland, Oregon.
Union Ridge North is located
northeast of the I-5 interchange and
the Property includes approximately:

40 acres zoned for
Destination Retail/High
Impact Commercial
(DR/HIC),

4 acres zoned for Planned
Commercial, and

5 acres zoned for
office/industrial park.
Page 1 of 13
Union Ridge North is comprised of 3 parcels:
PARCEL
DESCRIPTION
TOTAL AREA
AVAILABLE LOT SUMMARY
Lot 27
(Parcel 213978-000)
43.14 Acres
(1,879,226 sf)
Lot 29
(Parcel 213976-000)
5.03 Acres
(219,360 sf)
Lot 95
(Parcel 214054-000)
0.43 Acres
(18,645 sf)
Total Area:
Lot 95
Lot 29
48.60 Acres (2,117,231 sf)
Lot 27
Page 2 of 13
THE MARKET
Ridgefield, Washington’s location makes it poised for continued long-term growth. It has traditionally
been a farming community and is still a small-town and home to approximately 5,000 full-time residents,
but it is rapidly becoming a bedroom community to both Vancouver and Portland. Easy highway access
makes it convenient for commercial enterprises to service Washington to the north and Oregon to the
south. Finally, its location at the very southern edge of Washington makes it an ideal location to
encourage businesses to locate there rather than in Portland since the business climate in the State of
Washington is substantially more business-friendly than in Oregon. This was highlighted in a recent issue
of The Economist magazine, which stated that since 1990 Vancouver has quadrupled in size versus
substantially smaller growth in Portland. Ridgefield was the fifth fastest growing city in Washington
between 2011 and 2012, according to U.S. Census Bureau estimates.
Ridgefield also has multiple sites being considered for the expansion of Clark County Community
College. This campus will focus on education in the health sciences sector which includes the college’s
nursing program. Presently, 16,000 students are enrolled at Clark Community College. The Discovery
Pointe Medical Center site is located at the northeast corner of the interchange, and PeaceHealth Hospital
plans to build a medical campus.
RECENT LAND SALES
Date
1/2014
Property Location
Lot 9B at Union Ridge
Type
Owner Occupant/
Proposed Use
Size
(Acres)
Size
(SqFt)
Sale Price
Sale
UNITED NATURAL FOODS
7.29
317,552
$6.85/SF
1/2014
Lot 9A at Union Ridge
Sale
UNITED NATURAL FOODS
15.00
653,400
$4.25/SF
9/2013
Lot 5 at Union Ridge
Sale
ALLIED FITTINGS
Steel Fabrication
11.12
484,387
$4.25/SF
8/2013
Lot 4 at Union Ridge
Sale
ICD COATINGS
Elastometric Coatings Mfg
2.46
107,157
$3.92/SF
Page 3 of 13
PROPERTY DETAILS
Property Name:
Union Ridge
Owner:
(Developer - see Appendix A)
SCGRAF, LLC
Broker:
Capacity Commercial Group
www.capacitycommercial.com
www.unionridgewashington.com
Telephone: (503) 326-9000
805 SW Broadway, Suite 700, Portland, OR 97205
Property Location:
Latitude 45.818305 Longitude -122.690920
State of Washington
City of Ridgefield
County of Clark
Section 21, Township 4 North, Range 1 East W.M.
Property boundaries:
North:
South:
East:
West:
NW 279th Street / N 10th Street
NW 269th Street / Rieger Memorial Hwy 501
Interstate 5
NW 26th Avenue / N 50th Place
Property Size:
See Lot Summary
Zoning:
Master Plan EMUO (Employment Mixed-Use-Overlay) per Final Order 9/2/2005
for a blend of office, light industrial, distribution, destination retail, and
commercial/retail business, medium density residential, open space, and trails
Topography:
Level to gently rolling
Utilities:
Water and Sewer:
Electric:
Natural Gas:
City of Ridgefield
Clark Public Utilities
NW Natural
FEMA:
Zone C – Panel 0216D, FIRM No. 5300240154B Eff. 7/19/2000
Property Owners Association:
May be annexed to Union Ridge Property Owners Association
Declaration of CC&Rs recorded Reception R3621230, April 15, 2003
(including an Architectural Review Committee) and
Development Standards and Design Guidelines dated May 11, 2005
Assessments:
Property Taxes:
Property Status:
Vacant land
Approx. $58,000/all 3 available parcels/year
Page 4 of 13
PROPERTY HIGHLIGHTS, PHOTOS, and AERIALS










Signage visibility and 2 minutes from Interstate 5
Newly constructed Interstate 5 interchange
Numerous thriving industrial and mixed-use companies neighboring the Property
Downtown Vancouver and Port of Vancouver only 15 minutes away
Access to international air transportation and proximity to Portland International Airport (PDX)
and Portland CBD only 20 minutes away
Ports and full rail access make Vancouver/Clark County market area an intermodal transportation
hub for the Northwest. Junction of Interstate 205 and Interstate 5 only 7 minutes away, enabling
easy travel to Portland, Seattle, and California. Interstate 84 provides direct access to Eastern
WA/OR and ID markets.
City of Ridgefield financing incentive programs available through the Business Assistance Center
(BAC) Finance Unit
Business and Occupation Tax Credit for manufacturing, research and development, and
computer-related service businesses
Washington State Business Assistance Center, Industrial Revenue Bond program provides tax
exempt bond financing for industrial facilities
Washington State does not tax income. No corporate tax, unitary tax, inventory tax, personal tax,
and no tax on interest, dividends or capital gains. The average property tax rate in Clark County is
$10.50 per $1,000 of assessed value.
Moody’s Economy.com provides the following Portland, Oregon metro area economic summary as of
December, 2012, reflecting that the local manufacturing recovery is well ahead of the curve and the
industry’s average work-week is rising, pointing to rising labor demand to 7.7%, the lowest in four years.
Job growth in high-wage manufacturing and tech will improve housing demand in Portland and
surrounding Washington suburbs.
PORTLAND, OREGON – ECONOMIC ANALYSIS
Indicators
Gross Metro Product (C$B)
% Change
Total Employment (ooo)
% Change
Unemployment Rate
Personal Income Growth
Population (ooo)
Single-Family Permits
Multi-Family Permits
Existing Home Price ($ths)
Mortgage Originations ($Mil)
Net Migration (ooo)
Personal Bankruptcies
Source: Mo0dy’s Economy.com
2007
108.2
4.3
1034.9
1.9
4.8
5.6
2137.8
8410.0
4705.0
294.5
24750.1
19.7
5431.0
2008
115.2
6.6
1034.6
0.0
5.9
5.4
2172.9
4285.0
3123.0
278.9
16520.5
20.1
7562.0
2009
110.2
-4.4
973.7
-5.9
10.8
-4.5
2206.7
3011.0
1009.0
244.6
23361.0
19.0
10985.0
2010
114.5
3.9
968.6
-0.5
10.6
3.2
2232.9
3359.0
1117.0
237.0
17669.9
12.1
12080.0
2011
117.9
3.0
985.9
1.8
9.1
5.8
2262.6
3149.5
2028.8
218.8
14366.4
16.2
10736.0
2012
121.7
3.2
999.1
1.3
7.7
2.9
2302.6
4256.5
3123.7
218.5
15385.6
26.3
11221.7
2013
124.8
2.6
1012.3
1.3
7.9
6.0
2343.8
6013.4
3707.0
227.2
9051.6
27.5
13626.8
2014
128.7
3.1
1037.2
2.5
7.2
7.7
2386.1
11668.2
4259.9
248.3
9033.8
28.7
13502.3
2015
133.2
3.5
1069.2
3.1
6.4
7.4
2429.0
13361.6
3898.1
269.0
10553.9
29.4
11094.4
2016
137.3
3.0
1094.4
2.4
5.8
6.2
2472.1
13055.2
3591.1
279.7
12184.3
29.6
10541.5
Page 5 of 13
PROPERTY PHOTOS
Overview of Property Facing West from Interstate 5
Facing North Along Existing Driveway (Lot 95) on Property
Page 6 of 13
Facing North Toward Property Lots 27 and 29
Facing East Along Southern Border of Lots 27 and 29
Page 7 of 13
PROPERTY LOCATION
Regional Map View of Property
Page 8 of 13
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Page 11 of 13
Union Ridge
North
Union Ridge
South
Roadway Map of Property
Page 12 of 13
THE SCHUCK CORPORATION
William D. Schuck, President
2 North Cascade Avenue, #1280
Colorado Springs, CO 80903
Office: (719) 663-4500
Email: [email protected]
www.theschuckcorporation.com
The Developer
Schuck has built a portfolio of over 50 joint ventures and partnerships, creating and developing more than 5,000
residential home sites and 10,000 acres of commercial, mixed-use, and industrial projects valued in the billions of
dollars throughout Colorado and the southwest United States. Land planning, vertical development, sales and
marketing, asset management, and financial structuring have played key roles both individually and as integrated
elements in the Schuck portfolio.
Schuck has provided its services for a wide range of prestigious residential and mixed-use projects. Among them are:
Project
Location
Project Description
Autumn Meadows
Castle Oaks
Cedar Heights
CrossCreek
Elliott Groves
ErinCentre/Hollowbrook
Forest Lakes
InterQuest
Mountain Shadows
Quail Ridge
Skyway Heights
South Face
Springs Ranch
Stratton Preserve
Union Ridge
University Summit
Whispering Springs
Boulder County
Castle Rock
Colorado Springs
Boulder County
Tempe, Arizona
Colorado Springs
Colorado Springs
Colorado Springs
Colorado Springs
Longmont
Colorado Springs
Colorado Springs
Colorado Springs
Colorado Springs
Ridgefield, Washington
Colorado Springs
Colorado Springs
Residential
Residential and Mixed-Use
Residential
Residential
Mixed-Use
Mixed-Use
Residential and Mixed-Use
Business/Office
Residential and Commercial
Residential
Residential
Residential
Residential and Mixed-Use
Luxury Residential
Mixed-Use
Residential
School Site and Residential
Page 13 of 13

2 North Cascade Avenue • Suite 1280 • Colorado Springs, Colorado 80903
719.633.4500 Telephone • 719-633-6258 Facsimile
www.TheSchuckCorporation.com