23500 St Helens Rd - Skyline Moorage Specialty Building Offered at $2,990,000 at a 6.35% Cap Rate in Portland, OR 97231

Skyline Moorage on the Multnomah Channel consists of 27 floating home and approximately 36 boat moorage spaces. Real [fee simple] upland property of approximately 1.9 acres and approximately 3.67 acres of leased Oregon state submerged lands. Extensive improvements, stabilized asset in a strong market. Beautiful location with easy commutes to city centers and services.IMPORTANT NOTICE — OREGON TENANT RIGHTS APPLY: This floating home moorage is subject to Oregon Revised Statutes Chapter 90, which grants specific rights to tenants who own floating homes and rent their moorage slips. Tenant rights include the right to compete.Professional management and counsel in place.