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Hertz Property 1940 E Powell Blvd 27,775 SF Retail Building Gresham, OR 97080 $6,363,876 ($229.12/SF) 6.60% Cap Rate
Executive Summary
1912-1940 E Powell Blvd.
Gresham, OR 97080
27,775 SF Buildings on 4.4 Acres of Land
Tenant: The Hertz Corporation
Remaining Term: Two and a half years with one five year option to renew. The rent increases 3% per year in the current lease and in the option period.
Gresham, OR 97080
27,775 SF Buildings on 4.4 Acres of Land
Tenant: The Hertz Corporation
Remaining Term: Two and a half years with one five year option to renew. The rent increases 3% per year in the current lease and in the option period.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
27,775 SF
Building Class
B
Year Built
1964
Price
$6,363,876
Price Per SF
$229.12
Cap Rate
6.60%
NOI
$420,016
Tenancy
Single
Building Height
1 Story
Loading Docks
30 Exterior
Building FAR
0.14
Lot Size
4.44 AC
Zoning
MC - Moderate Commercial: Retail, Service, Office, Daycare, Live-Work, Affordable Housing, Multi-Family, Outdoor Commercial, Clinics, Schools, Medical, Etc
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R339497 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,330,970 |
Property Taxes
Parcel Number
R339497
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,330,970
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Hertz Property | 1940 E Powell Blvd