Log In/Sign Up
Your email has been sent.
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
Significant Old Town Chinatown Building Opportunity
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%
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,692 SF
Building Class
C
Year Built/Renovated
1977/2015
Price
$6,400,000
Price Per SF
$189.96
Cap Rate
6.22%
NOI
$397,828
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
CX - Central Commercial
Frontage
191’ on 4th Ave
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 1
- 1,361 SF
- Retail
- -
- Now
- 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 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Exceptionally bikeable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R140407 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,833,720 |
Property Taxes
Parcel Number
R140407
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,833,720
Contacts
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
