This Retail Property is Off-Market.

1020 Commercial Street
Astoria, OR 97103 ·

4,356 SF · Retail For Sale

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Net Leased Retail - 15% Cap in Year 5!

Price N/A Property Use Type Net Lease Investment with 5 years left on lease
Building Size 4,356 SF Cap Rate 9%
Property Type Retail Occupancy 100%
Property Sub-type Street Retail Tenancy Single
Listing ID: 16937171 Date Created: 12/03/2010 Last Updated: 09/13/2012

Description

9% Cap in Year 1, moving to 15% cap in Year 5. Possible 10% down with seller carryback of 20% down payment. Possible loan in the low-to-mid 4% range.

Heart of the commercial district in downtown Astoria.

Highlights

  • Leases are NNN
  • Taxes, insurance, maintenance and repair expenses all paid by tenant

Research

1020 Commercial Street, Astoria, OR 97103 (Clatsop County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Astoria Market Trends - Asking price index trends, sale price trends, asking rent trends

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