Description: Partners In Unity an Oregon Limited Liability Company is looking for investors to purchase a Partner’s membership interest in the amount of $155,000 which amount represents the Partner’s remaining interest in the LLC at her cost. This amount represents 23.85% interest in the LLC. The owners would consider investors taking less than the full $155,000. For example, there could be three shares at $50,000, $50,000 and $55,000.

Property: The real property address is 63645 Scenic Drive in Deschutes County. It consists of 4.83 acres of land located on the NEC of Cooley Road and State Highway 20. There are two buildings that have approximately 4000 sf of leased space each. Unity Community of Central Oregon is one tenant (an Oregon non-profit) and Mia’s Sprouts day-care and early childhood developmental center are the tenants. Water and sewer utilities on the property are provided by a well and septic drain field system.

Valuation: The property had an independent appraisal done in 2023 that came in at approximately $2,000,000. That would make the 23.85% interest equal to $477,000. US Bank has a first lien loan on the property that has a principal balance of approximately $600,000. Monthly payments are $5659.10.

Income: Unity’s monthly rent is $4187.62, and Mia’s Rent is $7463.67 for a total of $11,651.29. These rents include triple net charges of about $783/month. These rents have a cost-of-living increase of 4% per year. Mia’s lease term runs until June 30, 2027, with an option to renew for an additional 5-year term. Unity’s lease expires on July 31st, 2028.

Investor’s Commitment: The lender, US Bank requires that all members personally guarantee the bank loan jointly and severally. In addition, any new members must sign and agree to the Partners In Unity, LLC Operating Agreement.

Zoning: The property is currently zoned UAR 10 (Urban Area Reserve 10 acre minimum) in Deschutes County. It is surrounded on three sides by the City of Bend Urban Growth Boundary (UGB). It’s uses are permitted under the County zoning. Day Care is permitted outright, and religious organizations are considered a Conditional use.

Questions: Contact Dan Pebbles 206.618.8917 or Jim Pasmore 541.788.6791.