CB buyer presentation-R4

Offered at $3.7-million

A natural tapestry in a desert setting

COLUMBIA BLUFFS, Grant County, Washington

• Scenic, 171.8 acre, upland building site overlooking the Columbia River Gorge

• Impressive Grant County location with 80 miles of river and territorial views

• Approved and permitted

Opportunities await …


Asking price reflects …• Shovel-ready development with some permits and

approvals already in place.• Highly desirable location: accessibility, climate,

nearby recreation, natural resources.• Property is the key to realizing the highest and best

use of this and neighboring properties.

More than undeveloped land


All the pieces are in place


Columbia Bluffs as a concept …

The County encourages and supports development


The pieces in a nutshell


Water Rights: a lengthy process“Depending on the complexities of water availability, the number of applications filed before yours, and on-going water use within your watershed, a decision on your water right application “may take anywhere from months to years.”Water Resources Program FAQs, Washington Department of Ecology, 2013


FeasibilityValuable 40 ACF Water Right PermitNew, 37+GPM production well installed in 2011Group B Public Water System designed, and Ph. 1 approved for construction

In addition:• Water permit and system assets easily conveyed by

sale of ALM Water, LLC shares.

Columbia Bluffs’ water right is on-track


Water: an increasingly valuable commodity


At $12,500/AF, Columbia Bluffs’ water right permit is value priced.

Recent comparable water right sales

Cave BEstate Winery

Aqua Mitigation #1

AquaMitigation #2 Roth

Date May 2014 May 2014 May 2014 May 2014

Location (Grant County) S31,T19N,R23E S14,T17N,R17E S14,T17N,R17E S29,T20N,R16E

Purchase price $1,280,000* $1,440,000 $735,000 $122,000

Quantity 36 AF 67.203 AF 14.1375 AF 9.48 AF

$/AF $30,563 $21,576 $51,989 $12,869

* Based on excise tax recording no. 1332972


• 37+GPM production well with remote telemetry• Pump house• Ditch lines plowed to 3’ deep for underground piping• Unpaved access road• Usable sand and rock on site

Site physical improvements


• Columbia Bluffs property is located ~1/4 mile west of Silica Rd.

• Easement from north through private property provides access.

• Adjacent U.S. Government land parcels unlikely to be developed—Quiet, low density.

Access to surrounding properties

Right-of-way successfully negotiated and easement recorded!


The big picture


4,200 sf luxury home on 8.5 acresListed October 16, 2015 for $2.8-million

New on market – 342 Silica Rd.


Highly desirable location


• Tech industry employees

• Retirees

• Second home buyers

• An owner looking to build a private estate or corporate retreat

• Sustainable lifestyle seekers

• Anyone looking for 300+…days of sun <150 miles from Seattle!

Columbia Bluffs buyers


Owners control their destiny …• Independence from public utilities:

own water and community septic outright• Build accessibility into custom homes

and age comfortably in-place• Control living expenses into retirement• Fiber optic Internet service to support

remote work scenarios

Live off the grid


• Priest Rapids Hydroelectric Project currently generates “enough to power a city the Size of Seattle.”

• 138 MW generating capacity upgrade in progress.

• Current local residential energy is ~$.025 / kWH.

• Abundant local wind and solar resources available.

Regional energy forecast

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• Key local industries [aerospace, manufacturing, agriculture, food processing, wineries, retail, and data centers]

• Premier data center location

• Proactive regional economic development

• Direct and indirect jobs created

Economic development

www.DataCenterKnowledge.com,

October 6, 2015


Health benefits


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Recreation to suit every taste

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Columbia Bluffs is The Key


Marketing and sales team available

Creating Brand & Community


• Recorded easement for public road and utility access from Silica Rd.

• Water resources can supply this property and adjacent properties that have none.

• Potential to open up landlocked adjacent private property to highest and best use.

Columbia Bluffs IS The Key!

Location …resources …possibilities

A natural tapestry in a desert setting …Come and complete the picture


Brenda Nunes, LEED AP, GREEN, KW Global Property SpecialistReal Estate Managing Broker, WashingtonKeller Williams, Eastside, [email protected]

Or visit:www.ColumbiaBluffs.com

To find out more, please contact:

All information deemed reliable but cannot be guaranteed.


Questions?

CB buyer presentation-R4

Documents

Transcript of CB buyer presentation-R4