Arco Iris Spanish Immersion School

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New Building FAQ and Factoids

Some key information
New building address: 8205 SW Creekside Place, Beaverton 97008
 
About the building: the new building is two stories, approximately 33,445 square feet, and built in 1984.
 
The purchase: We paid $5,050,000 for this building, or $151/square foot. The market average at the time of purchase was $180/square foot. 
 
The funding: We are paying for the purchase, remodel, permitting, and other associated project fees with a public bond. The process was incredibly complicated with many players involved, including the State of Oregon Treasury Department who oversaw and gave final approval to our funding. Much like a home purchase, we now have a 30 year mortgage. 
 
Features of the area: the sidewalk in front connects to the Fanno Creek Trail just a few feet to the northwest and to a Max train stop about 1/2 mile to the southeast. Fanno Creek borders our property on two sides, adding a natural beauty that helps make this feel less like an office building. Highway 217 is very close as are many restaurants, shops, and services.