Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

41.45 Acres 2301 W. Main St/ Berthusen Rd

Lynden, WA

OFFERING MEMORANDUM

WEST LYNDEN BUSINESS PARK

Re

dw

oo

d

Alderwood

West Main St.

114 W. Magnolia Street

Suite 201

Bellingham, WA 98225

www.PacificContinentalRealty.com

Tracy Carpenter 360-303-2608

&

Scott Walker 360-220-0370

2

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Terms of Offering 3

Property Overview 4-7

Zoning Map 8

Demographic and Income Profile 9-10

TABLE OF CONTENTS

3

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Pacific Continental Realty, LLC

Tracy Carpenter

114 W. Magnolia Street, Suite 201

Bellingham, WA 98225

Phone: (360) 671-4200 X 114

tracy@pacificcontinentalrealty.com

www.PacificContinentalRealty.com

Pacific Continental Realty, LLC

Scott Walker

114 W. Magnolia Street, Suite 201

Bellingham, WA 98225

Phone: (360) 220-0370 (cell)

Scott@pacificcontinentalrealty.com

www.PacificContinentalRealty.com

PCR PROFILE Marketing services

Inquiries and offers are to be directed to the Exclusive Listing Broker at the address and phone

numbers listed below.

This Property is offered on an as-is basis. Legal documents and reports summarized in this Of-

fering Memorandum are not intended to be comprehensive statements of the terms or contents

of such documents and reports. Although the Seller and Pacific Continental Realty believe the

information to be accurate, no warranty or representation is made as to its accuracy or complete-

ness. Interested parties should conduct independent investigation and reach conclusions without

reliance on materials contained herein.

The material contained in this Offering Memorandum is furnished solely for the purpose of con-

sidering the purchase of the Property described herein.

Offers should be delivered to the office of the Exclusive Listing Broker, Pacific Continental Re-

alty, LLC, attention Tracy Carpenter and Scott Walker. To facilitate the analysis of offers, Buyers

are encouraged to provide information relative to funding sources, experience in owning and op-

erating similar properties, familiarity with the market and any other information which is likely to

favorably reflect on the Buyer’s ability to close this proposed transaction in a timely manner.

Seller reserves the right, for any or no reason, to withdraw the Property from the market. Seller

has no obligation, expressed or implied, to accept any offer. Further, Seller has no obligation to

sell the Property unless and until Seller executes and delivers a signed contract of sale on terms

acceptable to Seller, in its sole discretion. By submitting an offer, the Buyer will be deemed to

have acknowledged the foregoing and agreed to release Seller, its affiliates, advisors, and its

Broker from any liability with respect thereto.

TERMS O F THE OFFERING

4

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PCR PROFILE Marketing services

PROPERTY OVERVIEW

Land for Sale — divisible to .5739 acres minimum (25,000SF)

A total of 41.45 acres of land on 5 separate parcels

A . 18.24 acres — parcels 400224712420 & 400224712420 0001

B . 9.54 acres – parcel

400224106370

C. 8.82 acres— parcel

400224037310

D. 4.88 acres (Lot 3 ,

Specific Binding Site

plan #2) - parcel

400224092302

Sto

rage

Co

nd

os

20,0

00

SF

C

B

A

D

PE

AC

E H

EA

LTH

5

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

SBSP No. 2, created three lots in total. Lot 1 has been fully developed into the West

Lynden Storage Condominium. Approval has been granted by the City of Lynden to develop

Lot 2 completely as a project with two 10,000 SF mixed use commercial office/warehouse

buildings on a secure site with shipping/receiving and parking on the west side of the lot and

with ingress/egress from Leatherwood and Alderwood.

Lot 3 of the SBSP No. 2 is 4.88 acres in size and is subject to conveyance immediately. No further division is needed. All roads, sidewalks and infrastructure is in place.

STORAGE

CONDOS

OFFICE/

WAREHOUSE

6

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PCR PROFILE Marketing services

PROPERTY OVERVIEW

Location

The City of Lynden is located 2 hours north of Seattle and 1 hour south of Vancouver, B.C. It is the second largest city

in Whatcom County with a growing population in this market area of over 30,000 .

Proximity to I-5

The property is located 8 miles east of I-5 Exit 270 (via Birch Bay-Lynden Road) or 12 miles north of I-5 Exit 256 (via

Guide Meridian Road) on the corner of West Main Street and Berthusen Road in Lynden, Washington.

Proximity to border crossings:

4 miles to Aldergrove/Lynden (5 minutes)

12 miles to Blaine (Peace Arch/ I-5 - 20 minutes)

15 miles to Abbotsford/Sumas (29 minutes)

Hwy 539

Hwy 539

Lynden

United States

Canada

7

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PCR PROFILE Marketing services

PROPERTY OVERVIEW

Infrastructure

Ready for immediate development.

Storm Water Complete Water is City of Lynden Sanitary Sewer Service is City of Lynden Binding Site Plan 3 Phase Electrical (½ mile from PSE’s Berthusen Substation ) 5 MW of available capacity Natural Gas Telecommunications Power is currently to corner edge of property

Roads

Main access roads and within the industrial park are all-weather roads owned and maintained by the City of Lynden Secondary access roads within the industrial park will be all-weather owned by and maintained by the Development Association

Utilities have been extended through the entire development including in an east/west direction though

Alderwood Drive, in a north/south direction within Redwood Road extending northerly from Alderwood Drive to W. Main Street and in an east/west and north/south extension of Leather wood Place. These utilities have also been stubbed out for further utility extensions southerly within Alderwood Drive and in the east/west directions off of Redwood Road servicing other properties and allowing for further site size reduction. Utilities include sanitary sewers, public water, power, telephone, natural gas, T.V. cable and full storm water construction within the rights of way of all the adjacent streets. A full irrigation system has been installed but is currently dormant.

Zoning: IBZ—Industrial Business 19.25.010 Established The following industrial zones are established: ID (Industrial District) - An industrial zone that

permits a variety of industrial uses, controlled primarily by performance standards. IBZ (Industrial Business Zone) - A light

industrial zone that permits a mixture of industrial and commercial uses.

19.25.020 Purpose. The intent of the industrial zones is to provide a location for business and industrial uses in order to

provide employment opportunities to the residents of the City of Lynden and surrounding area. From each use located

therein there shall be a minimum of air pollution, air contamination, emission of odor, gases, noise and the origin of

sewage wastes which shall be controlled in accordance with the standards contained in this chapter.

List of Primary permitted uses: https://www.lyndenwa.org/wp-content/uploads/2018/01/Chapter-19.25-Industrial.pdf .

CCR : Available for review upon request.

8

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PCR PROFILE Marketing services

ZONING MAP— LYNDEN

Zoning: IBZ—Industrial Business

9

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PCR PROFILE Marketing services

STORM WATER CONVEYANCE ROUTE

Property's storm water off

site conveyance is being

resized by the Developer

to meet the current re-

quirements from the

Dept. of Ecology. Flow

from the site drains to the

Nooksack river via Ber-

trand Creek.

10

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

11

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

12

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

View looking EAST

View looking WEST

STORAGE UNITS

STORAGE UNITS