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13116 NE Sandy Shopping Center 13116 NE Sandy Blvd 17,480 SF 100% Leased Retail Building Portland, OR 97230 $2,480,873 ($141.93/SF) 8.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Property is 100% leased
- Long term tenant
- The adjacent lot is available and must close simultaneously. Listed at $451250.
- Great exposure on a busy street
- The strip mall features a diverse mix of tenants, impressive curb appeal, and ample parking
EXECUTIVE SUMMARY
The property is an owner-managed income property, consisting of a well-maintained strip mall with 8 tenants across 2 buildings, all of whom are currently fully leased. Situated on a highly visible location along a bustling arterial street, just minutes away from Costco, this property boasts excellent accessibility via Sandy Blvd and NE 131st Ave. With ample street frontage and prominent visibility, it presents an attractive investment opportunity. This property also offers a favorable return on investment and has the potential for increased income through additional investment, such as expanding into the adjacent vacant lot. The strip mall features a diverse mix of tenants, impressive curb appeal, and ample parking, making it a compelling investment option. OPPORTUNITY FOR EXPANSION: A framed and roofed 350 sq. ft. storage room can be converted into RENTABLE SPACE.
This property is available for sale only in conjunction with the neighboring corner lot, and both transactions will occur simultaneously.
This property is available for sale only in conjunction with the neighboring corner lot, and both transactions will occur simultaneously.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
17,480 SF
Building Class
C
Year Built
1968
Price
$2,480,873
Price Per SF
$141.93
Cap Rate
8.40%
NOI
$208,506
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
1.38 AC
Zoning
CM1, Portland - COMMERCIAL ZONING: CM1 allows for a multitude of uses.
125 feet of frontage along NE Sandy Blvd and 185 feet of frontage along NE 131st Ave
Parking
72 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
125’ on NE Sandy Blvd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R249874 | Total Assessment | $1,650,990 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R249874
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,650,990
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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13116 NE Sandy Shopping Center | 13116 NE Sandy Blvd
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