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Tuck Lung Building 140 NW 4th Ave 33,692 SF 81% Leased Retail Building Portland, OR 97209 $6,400,000 ($189.96/SF) 6.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Owner/User Opportunity with In-Place Income
- Second Floor Is Entirely Leased To National Credit Tenant
- Cultural Hub for the City's Asian American Community, with a Particular Focus on Chinese Heritage
- Property Has Had Extensive Renovations, Including A New Roof
- Old Town Chinatown Has Long Been A Creative and Vibrant Community of Makers and Doers
EXECUTIVE SUMMARY
Owner/User or Investment • In-place Income
Building Size: ±33,692 SF
Lot Size: ±0.3 Acres (±13,000 SF)
Partial Owner/User or Lease Space: ±6,295 SF
Zoning: Central Commercial (CX)
FAR: 6:1
Height Limit: 100'
Sale Price: $6,400,000 ($190 psf)
Actual NOI @ 76% Leased: $397,828
Actual CAP @ 76% Leased: 6.22%
Proforma NOI: $540,000
Proforma CAP: 8.50%
PROPERTY FACTS
AMENITIES
- Bus Line
- Commuter Rail
- Conferencing Facility
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
Headquartered in Franklin, Tennessee, Acadia Healthcare was established in January 2005 to develop and operate a network of behavioral health facilities across the country. Acadia provides psychiatric and chemical dependency services to its patients in a variety of settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers, outpatient clinics and therapeutic school-based programs. Acadia Healthcare’s mission is to create a world-class organization that sets the standard of excellence in the treatment of specialty behavioral health and addiction disorders.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- Retail 3
- 1,644 SF
- Retail
- -
- Now
- Retail 4
- 3,290 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| Retail 1 | 1,361 SF | Retail | - | Now |
| Retail 3 | 1,644 SF | Retail | - | Now |
| Retail 4 | 3,290 SF | Retail | - | Now |
Retail 1
| Size |
| 1,361 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Retail 3
| Size |
| 1,644 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Retail 4
| Size |
| 3,290 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Retail 1
| Size | 1,361 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R140407 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,833,720 |
PROPERTY TAXES
CONTACTS
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
Presented by
Tuck Lung Building | 140 NW 4th Ave
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