SPROUT SPRINGS SKI AREA

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1 PHILIP E HIGGINS P.C. Principal Broker OR & WA T C phiggins@pacificcrestrea.com

2 SECTION 1 PROPERTY INFORMATION

3 OFFERING SUMMARY Sale Price: $1,250,000 PROPERTY OVERVIEW Spout Springs Ski Area is a family-owned and operated facility that is located in the Umatilla National Forest in the heart of the Blue Mountains in Northeastern Oregon. Spout Springs, covering 1413 Acres of leased Forest Service land has been in continuous operation since the late 1920s. Lot Size: 1,413 Acres Sprout Springs features 14 downhill runs and two Nordic trail systems, 2 double Chair Lifts, and lighted slopes for night skiing.with a family-oriented atmosphere, the ski area offers opportunities for the beginning skier as well as the advanced. The ski area, boasts 250 skiable acres and is expandable. LOCATION OVERVIEW Year Built: 1964 Located on Highway 204 between Weston and Elgin, the resort is easily accessible on state highways from the population centers of Walla Walla, Pendleton, and La Grande. All State highways to the site are well-maintained throughout the winter season. Building Size: 14,092 SF Page 3

4 PROPERTY OVERVIEW Spout Springs, covering 1413 Acres of leased Forest Service land has been in continuous operation since the late 1920s. Sprout Springs Ski Area has a long history connected to the Blue Mountains of Northeastern Oregon, and was the Nordic training center for the United States Olympic team and the Norwegian jump team in the 1950s and 1960s, which allows Spout Springs to fly the official Olympic Flag through special permission of the U.S. Olympic Committee. Sprout Springs has been a family-owned and operated facility for the last 50 years. The owners have always taken pride in the fact that the ski resort is a family-oriented facility. Everyone is welcome here from the beginner to the advance skier. This has always been a special place that the entire family can enjoy whether they like to ski, snowboard, or cross country ski. Page 4

5 PROPERTY HIGHLIGHTS 14 downhill runs and two Nordic trail systems 2 double Chair Lifts Lighted slopes for night skiing Main Lodge approximately 9418 SQFT Ground level Full Service Bar & Ski Lounge Full restaurant & slope view balcony seating 2 story 3500 SQFT owners suite in the same building 3450 SQFT Ski & Snow Board shop with rental equipment 1026 SQFT ski patrol building 3 Sno-Cats & Spare Parts Cat Significant Equipment Inventory to run the ski area, including but not limited too Half pipe dragons, rails, medical equipment, fencing, signs, ski tuning equipment, specialty tools, a boom truck, lodge tables, fuel tanks and pump equipment, etc. 250 skiable acres with room for expansion. Ffifty year automatically renewing lease operated under a special use permit. Page 5

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8 SECTION 2 DEMOGRAPHICS

9 1 MILE 10 MILES 30 MILES Total households 15 1,169 40,188 Total persons per hh Average hh income $57,115 $56,170 $56,410 Average house value $212,118 $200,307 $233,543 1 MILE 10 MILES 30 MILES Total population 39 3, ,316 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census Page 9

10 POPULATION 1 MILE 10 MILES 30 MILES TOTAL POPULATION 39 3, ,316 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 10 MILES 30 MILES TOTAL HOUSEHOLDS 15 1,169 40,188 # OF PERSONS PER HH AVERAGE HH INCOME $57,115 $56,170 $56,410 AVERAGE HOUSE VALUE $212,118 $200,307 $233,543 * Demographic data derived from 2010 US Census Page 10