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Portland Commons Shopping Center 1007-1061 W Votaw St 14,656 SF 100% Leased Retail Building Portland, IN 47371 $1,706,960 ($116.47/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
Portland Commons is a single-story retail building located in the city of Portland, about 45 miles southeast of Fort Wayne. The Property is comprised of 14,656 SF of retail space. Tenants include both national and local tenants.
The Property is being offered “as is”, “where is” and subject to all faults. Seller makes no representation or warranty with respect thereto other than a special warranty of title in the deed conveying the Property to the buyer.
The Property is being offered “as is”, “where is” and subject to all faults. Seller makes no representation or warranty with respect thereto other than a special warranty of title in the deed conveying the Property to the buyer.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
14,656 SF
Building Class
B
Year Built
2006
Price
$1,706,960
Price Per SF
$116.47
Cap Rate
7.50%
NOI
$128,022
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.80 AC
Zoning
HS - Commercial
Parking
80 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
280’ on W Votaw St
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $560,800 | |
| Land Assessment | $127,800 | Total Assessment | $688,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$127,800
Improvements Assessment
$560,800
Total Assessment
$688,600
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Portland Commons Shopping Center | 1007-1061 W Votaw St
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