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2236-2400 SE 182nd Ave
Portland, OR 97233
Rockwood Plaza · Retail Property For Sale
Investment Highlights
- Hard corner of two prominent arterials running through the East Portland/Gresham submarkets.
- The Property is being offered well below replacement cost at $179 PSF, allowing an owner to stay competitive on renewals and push rents.
- High-density surrounding residential with over 310K residents within a five-mile radius with an average household income of $89K.
- Stabilized center at 97% occupancy leased to a dynamic mix discount retail, food, fitness, education, and personal services.
- Over half of the tenants executed substantial extensions over the last few years, including a 10-year Dollar Tree extension in 2021.
- 36% of GLA has been occupied by the same tenancy for over 20 years and 80% for over 10 years.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
92,677 SF
Building Class
C
Year Built/Renovated
1962/2012
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
5.27 AC
Zoning
MC - General Commercial
Parking
420 Spaces (5.51 Spaces per 1,000 SF Leased)
Frontage
392’ on Southeast Division Street
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | R337662 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,132,360 |
Property Taxes
Parcel Number
R337662
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,132,360
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