single tenant solutions...velocity clinical research the silver roup • phone: 15 1 - 000 single...

Velocity Clinical Research

The Silver Group1050 Northgate Drive #500San Rafael, CA 94903 www.thesilver-group.com

3425 Crater Lake Highway, Medford, Oregon 97504Single Tenant Solutions

Barry SilverEmail: [email protected]: (415) 461 - 0600

Greg Cunha Email: [email protected]: (415) 461 - 0600

• SHORT TERM LEASE WITH NATIONAL LIFE SCIENCES COMPANY

• OUT PARCEL TO WALMART, SAFEWAY, LOWES• GREAT ACCESS & VISIBILITY

• PASSIVE INVESTMENT• 166’ OF FRONTAGE ON CRATER LAKE HIGHWAY

SINGLE TENANT INVESTMENT OFFERING


The Silver Group • Phone: (415) 461 - 0600

Single Tenant Solutions3425 Crater Lake Highway, Medford, Oregon 97504

Investment Summary -

The information contained herein has been received from sources we believe to be reliable, but we have made no independent investigation of the accuracy or completeness and make no representation thereto. The above is subject to errors, omissions, or withdrawal from the market. THIS IS AN EXCLUSIVE OFFERING OF THE SILVER GROUP.

Annual Rent Schedule:

Land Area: ± 1.03 Acres (± 44,866 SF)Building Area: ± 8,102 SF

3 mile 5 milePopulation: 56,410 113,815Average HH Income: $57,043 $61,547

Purchase Price: $1,760,000Initial Cap Rate: 7.5%

Tenant: Velocity Clinical ResearchThe subject property is a single tenant building leased to national life sciences company, Velocity Clinical Research, Inc., located in Medford, Oregon. The Property consists of a freestanding ± 8,102 sf building on ± 1.03 acres of land at 3425 Crater Lake Highway. Pier 1 Imports had continuously

occupied this building since it was developed for them in 1996. Pier 1 Imports filed for Chapter 7 liquidation and terminated their lease on September 1, 2020. Ownership was contacted by Velocity Clinical Research, Inc. with an immediate requirement for a facility to commence Covid 19 vaccine trials. A one year lease with three, 2 month extensions was negotiated and executed in less than two weeks. The tenant required no tenant improvements from the landlord and is responsible for all day to day maintenance. The landlord retains responsibility for the structural components of the Property. The Property is an out-parcel to the Crater Lake Plaza Shopping Center (Safeway Supermarket, Lowe’s Home Improvement, Walmart Supercenter, Michael’s Crafts, Old Navy, Office Depot, Banner Bank, Chase Bank, imortgage, McDonald’s, Outback Steakhouse, Spicers, Ashley Homestore, Hobby Lobby, AutoZone and Batteries + Bulbs). Medford is the 4th largest metro area in Oregon with 208,500 residents and is an economic hub for Southern Oregon. This property will provide an investor relaible income during the Covid 19 pandemic and the potential for upside in the future.

Lease Terms:• One Year Primary Term• Lease executed in 10 days• NN Lease Landlord is responsible for structure & roof • Three x 2 month renewal options

$132,000 Current - November 30, 2021

Rent per SF: $16.29 / SF / Yr.


The Silver Group1050 Northgate Drive #500San Rafael, CA 94903 www.thesilver-group.com

3425 Crater Lake Highway, Medford, Oregon 97504Single Tenant Solutions

Barry SilverEmail: [email protected]: (415) 461 - 0600

Greg Cunha Email: [email protected]: (415) 461 - 0600

Site Plan -




Aerial Map -




Medford Map -

Medford Population: 85,000




ABOUT THE AREA

Medford (pop. 81,000) is located in Southern Oregon, 27 miles north of the California border and is the county seat of Jackson County. The MSA of approx. 208,000, makes Medford the 4th largest metro area in the state. Jackson County is comprised of Ashland, Butte Falls, Central Point, Eagle Point, Gold Hill, Jacksonville, Phoenix, Rogue River, Shady Cove and Talent.Once known for its timber industry, Medford’s economy has become diversified with retail now the largest employer, followed by healthcare. Medford is home to two major hospitals: Providence (378 beds) and Asante Rogue Regional Medical Center.The Rogue Valley is often listed in the top 10 national retirement communities.Medford’s largest employers are Asante Health (4,080), Lithia Motors (3,000), Harry & David (2,000), Rogue Valley Med. Cntr. (1,640), Allegiant Air (1,500), Providence Health ((1,300), Medford ISD (1,157) and Jackson County (1,027).Medford is the home of Harry & David Operations and Lithia Motors. The Rogue Valley has become a leading producer of wine with 16 wineries and 130 vineyards.

Velocity Clinical Research, Inc. is a national company providing their clients with a network of single site or multi-sites to conduct clinical trials. When sponsors (typically pharmaceutical or

medical companies) conduct clinical studies, Velocity Clinical Research is hired to simplify the process by providing facilities, patient recruitment, study management, billing and payment.President and CEO, Dr. G. Paul Evans has spent 26 years split between running sites and as a sponsor. “Patient recruitment is still the biggest problem inclinical trials. I want Velocity to set a new industry standard for delivering high-quality study data as quickly and efficiently as possible.” Velocity Clinical Research, Inc. recently acquired Medford, Oregon based Clinical Research Institute of Southern Oregon. Velocity was selected to administer vaccine trials for sponsors like Moderna Therapeutics and Janssen Pharmaceuticals, Inc. Velocity’s Medford offices are approximately 1 mile from this property.

ABOUT THE TENANTVelocity Clinical Research, Inc.

Multi - site clinical data company2019 Revenues: $25+ million

Privately owned




Demographics - Site SelectionMay 09, 2018

Demographic Snapshot Comparison Report for Pier One, 3425 Crater Lake Hwy, Medford, OR, 97504:

1 mile(s) 3 mile(s) 5 mile(s)

Population: 2017B Total Population 7,491 56,410 113,815 Female Population 52.10% 51.61% 51.44% Male Population 47.90% 48.39% 48.56%Population Density 2,379 1,991 1,446Population Median Age 36.0 37.3 38.3Employed Civilian Population 16+ 3,752 26,621 52,607 % White Collar 64.2% 58.1% 57.9% % Blue Collar 35.8% 41.9% 42.1%Total Q4 2017 Employees 3,627 33,109 51,530Total Q4 2017 Establishments* 346 3,559 5,705 Population Growth 2000-2010 17.20% 10.07% 15.22% Population Growth 2017B-2022 4.32% 4.23% 5.81%

Income: 2017BAverage Household Income $58,905 $57,043 $61,547Median Household Income $48,100 $43,918 $46,440Per Capita Income $22,510 $23,192 $24,357 Avg Income Growth 2000-2010 20.35% 24.98% 31.10% Avg Income Growth 2017B-2022 12.90% 13.16% 13.43%

Households: 2017BHouseholds 2,840 22,662 44,698Average Household Size 2.56 2.42 2.48 Hhld Growth 2000-2010 20.43% 12.15% 17.26% Hhld Growth 2017B-2022 6.09% 5.96% 7.72%

Housing Units: 2017BOccupied Units 2,840 22,662 44,698 % Occupied Units 97.38% 96.14% 95.38% % Vacant Housing Units 2.62% 3.86% 4.62% Owner Occ Housing Growth 2000-2010 4.64% -0.68% 6.73% Owner Occ Housing Growth 2000-2022 13.40% 7.95% 19.44% Owner Occ Housing Growth 2017B-2022 5.89% 6.50% 8.60%Occ Housing Growth 2000-2010 20.43% 12.15% 17.26%Occ Housing Growth 2010-2022 11.41% 11.85% 14.28%Occ Housing Growth 2017B-2022 6.09% 5.96% 7.72%

Race and Ethnicity: 2017B% American Indian or Alaska Native Population 1.23% 1.32% 1.32%

% Asian Population 2.05% 1.76% 1.58%

© 2018 Alteryx, Inc. All rights reserved. Alteryx is a registered trademark of Alteryx, Inc.Alteryx, Inc. - [email protected] - www.alteryx.com - 888 836 4274

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