2737 NE Martin Luther King Blvd | Portland, OR 97212
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- LoopNet Team
2737 NE Martin Luther King Blvd
Portland, OR 97212
DaVita Dialysis · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- DAVITA IS A CREDIT-RATED, STRONG NATIONAL COMPANY WITH 154 NEW LOCATIONS ADDED IN THE LAST YEAR.
- NNN LEASE STRUCTURE WITH ANNUAL 2.5% RENT INCREASES.
- CLOSEST DAVITA IS 2.5 MILES AWAY FOLLOWING THE CLOSURE OF THE NE HANCOCK LOCATION IN 2020.
- WELL-POSITIONED INNER NORTHEAST PORTLAND LOCATION NEAR MAJOR AREA HOSPITALS.
- APPROXIMATELY $2M IN BUILDING UPGRADES INVESTED BY TENANT.
- RENT IS ROUGHLY 15% BELOW MARKET RENT COMPARED TO NEWER CONSTRUCTION PNW MEDICAL CLINICS WITH AN AVERAGE RENT OF $30/SF.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,194 SF
Building Class
C
Year Built/Renovated
1955/2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.68 AC
Zoning
CG
Parking
25 Spaces (2.23 Spaces per 1,000 SF Leased)
Frontage
93’ on Martin Luther King Jr Blv
PROPERTY TAXES
| Parcel Number | R709563 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,406,180 |
PROPERTY TAXES
Parcel Number
R709563
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,406,180
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