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.

OFFERING MEMORANDUM

Design & Built specifically for 502 Production/Processing

3.32 Acres 9,008 SF of Building

Peace Portal Way BLAINE WA

114 W. Magnolia Street

Suite 201

Bellingham, WA 98225

Tracy Carpenter 360-303-2608 (CELL)

& Jim Bjerke 360-671-4200

www.PacificContinentalRealty.com

Listing #595031 Listing #11761435

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.

INCLUDED IN PACKAGE

Parcel information

Site Infrastructure

Highlights of the Building

Interior finishes

Lab

Controlled Grow Environment

Building Security

Highlights for exterior/land

Parking lot

Landscaping

Perimeter fencing /Security

Power & HVAC

Land on West Rd

CREP programs

Site Plan

Location / Proximity to I-5

PEACE PORTAL DRIVE

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) 303-2608 (cell)

tracy@pacificcontinentalrealty.com

www.PacificContinentalRealty.com

Pacific Continental Realty, LLC

Jim Bjerke

114 W. Magnolia Street, Suite 201

Bellingham, WA 98225

Phone: (360) 671-4200

Jim@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 Jim Bjerke. 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 OF 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

A total of 3.32 acres of land on 3 separate parcels

A . 1.26 acres—parcel 4001081652350000

3210 PEACE PORTAL DR BLAINE, WA Zoned HORTICULT SV has building

improvements completely rebuilt in 2015

Taxes $14558.56 (2018)

B . 1.18 acres – parcel 4001081682540000

4333 WEST RD BLAINE, WA Zoned Commercial and is currently open land

Taxes $546.16 (2018)

C. .88 acres—parcel 4001081112590000

Taxes $22.00 (2018) In the wetlands and is a part of the CREP program

General to Site Infrastructure Ready for occupancy.

Septic system upgraded in 2015 Water recycling system and storage tanks Water is City of Blaine Natural gas Phone/internet to the building CO2 bulk tank

Highlights of the Building:

Was built in 2015 from the ground up with

complete engineering and architectural planning . Methodically thought out and

designed and built to suit. Entire project has been permitted through the City of

Blaine and Whatcom County. A full set of permit drawings are available to a Buyer.

See floor drawings on Page 9

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.

Main floor is 8747SF with 2nd level of 568SF

Interior design: is completely equipped for propagation, growing, harvesting, curing,

processing and packaging. Designed for a quality Marijuana Tier II operation :

Front office, 2 restrooms, 2 employee showers , employee break room, laundry,

packaging room, propagation room, vertical grow, veg room, 2 flowering rooms,

automated water/irrigation room, drying room, laboratory, security room, quarantine

room, utility closet plus work room & storage room upstairs. See the floor plans

within this package.

High Quality interior finishes

Double dry wall with epoxy paint for easy clean up

Concrete floors with polyurea coating

Vinyl tile in the break room and front office

Tiled restrooms and shower walls

Floor drains installed throughout

Steel plating topped with concrete in the ceilings of the

quarantine and IT rooms

Prop./Mother Drying Packaging Recep- RR

RR

Break

Sho

ADA

Washer /dryer

IT Quar

LAB

22’ x 24’

Water and Nutrient

HVAC HV

AC

Vegetative Room

120’ x 14

Flowering Room

120’ x 14

Flowering Room

120’ x 14

HVAC

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: CONTINUED

Lab efficiency and safety

Built to meet fire and safety requirements

Double green board dry wall and baffles in vents

CO2 sensor warning system and emergency

exhaust

Fume hood and ventilation fans

Ample power outlets

CO2 inlet and compressed air supply

Controlled Grow Environment:

Autogrow system includes automated lights, Co2, irrigation/fertigation system

complete with monitoring and alarms

HVAC is separate closed ducted systems for flowering rooms (40 ton) and veg room

(20 ton)

CO2 automatically enriches air from the bulk tank into recirculation system

Lighting is wired for 124 (1000Watt) lights in the flowering rooms ; 48 (1000 watt)

lights in the veg room

Auto Mixing Irrigation is quick coupling for each table and is controlled via 12 zones

with the HVAC recycling condensate

Building Security :

Internet connected alarm system with exterior door and

motion detectors

Complete wired video cameras coverage with local

storage

Steel doors with network controlled RFID access at key

locations in the building

Heat/smoke detectors

Reinforced cinder block/concrete walls for computer and

inventory/quarantine rooms

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.

Highlights for building exterior/land:

Was built from the ground up with poured concrete footings, compacted and tested

substrate. Main Building is located on 55,272 SF and Post construction with 2x6 wood

framing, steel panel exterior and metal roof and ventilation system throughout.

Parking lot is paved with 12 spaces

and has designated enclosed

concrete block garbage area. The

parking lot is lit.

Landscaping has been completed

with required landscaping and

irrigation plus on site composting.

The grow irrigation runoff is collected

and stored in large containers then

used to irrigate landscaping. The

dehumidification system condensate is collected and recycled for irrigating back into

the grow.

Perimeter fencing /Security:

The property is perimeter fenced with 8’ chain link topped with barbed wire.

Coded security gate,

Complete wired video camera system that meet LCB requirements with local storage

and internet connectivity.

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.

Power & HVAC: There are 2 Trane units, 1 ductless system and three 20 ton AAON HVAC units to support the building design. There is a possibility of additional power through City of Blaine and currently the site is being serviced with two 1700 Amp panels each 3 phase/480V.

Land on West Rd lot is 91,579 SF can be use for expansion of building or Greenhouses

To be verified by the a Buyer with the City of Blaine as it relates to current code.

Property is currently participating in the CREP program.

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

SITE PLAN FOR BUILDING LOT

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.

Pro

p./

Mo

the

r ro

om

22’ x

12’

Dry

ing

P

acka

gin

g

Re

cep

tio

n

RR

RR

Bre

ak R

oo

m

Sh

ow

er

AD

A S

ho

we

r

Was

he

r /d

rye

r

IT R

oo

m

Qu

art.

LAB

22’ x

24

’

Wat

er a

nd

Nu

trie

nt

Mix

ing

Ro

om

HV

AC

HVAC

Ve

ge

tati

ve R

oo

m

120

’ x 1

4

Flo

we

rin

g R

oo

m

120

’ x 1

4

Flo

we

rin

g R

oo

m

120

’ x 1

4

HV

AC

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.

STORAGE UNITS

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LOCATION

Location

The City of Blaine is located 2.5 hours north of Seattle and 30 minutes south of

Vancouver, B.C.

I-5

Take exit #274 north bound and and #270 south bound

Canada