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2911 E Portland Rd 6,268 SF 100% Leased Office Building Newberg, OR 97132 $1,995,000 ($318.28/SF)
INVESTMENT HIGHLIGHTS
- Fully leased, well-maintained office/retail complex for sale in Newberg
- This investment property consists of 5 individual buildings that all have long-term tenants in place
- Located on Pacific Highway W, near McDonald’s, Newberg Chrysler Dodge Jeep Ram, Newberg Chevrolet, Fred Meyer, Providence Newberg, etc.
- Premier location along busy Portland Rd (99W) in the heart of Newberg's commercial trade area
- Four professional office users and one retail tenant make up the tenant mix
EXECUTIVE SUMMARY
This is a great investment opportunity in Newberg that doesn't come around often!
This is a fully leased, well-maintained office/retail complex for sale in Newberg; four professional office users and one retail tenant make up the tenant mix. The retail store has a drive-through window. All five buildings include long-term tenants, some who have been there for 10+ years.
Property has great visibility as it's located along Pacific Highway W, near McDonald’s, Newberg Chrysler Dodge Jeep Ram, Newberg Chevrolet, Sherwin Williams, Fred Meyer, Black Bear Diner, Bi-Mart, Springbrook Plaza Shopping Center, Newberg Veterinary Hospital, Safeway, Fernwood Grange Community Center, and Providence Newberg Medical Center.
Broker-accompanied tour of the exterior of the property only until there is an accepted offer. Do not disturb the tenants.
Call listing brokers for more information.
This is a fully leased, well-maintained office/retail complex for sale in Newberg; four professional office users and one retail tenant make up the tenant mix. The retail store has a drive-through window. All five buildings include long-term tenants, some who have been there for 10+ years.
Property has great visibility as it's located along Pacific Highway W, near McDonald’s, Newberg Chrysler Dodge Jeep Ram, Newberg Chevrolet, Sherwin Williams, Fred Meyer, Black Bear Diner, Bi-Mart, Springbrook Plaza Shopping Center, Newberg Veterinary Hospital, Safeway, Fernwood Grange Community Center, and Providence Newberg Medical Center.
Broker-accompanied tour of the exterior of the property only until there is an accepted offer. Do not disturb the tenants.
Call listing brokers for more information.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
6,268 SF
Building Class
B
Year Built
1990
Price
$1,995,000
Price Per SF
$318.28
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,268 SF
Building FAR
0.21
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C2 - C2: Community Commercial
Parking
34 Spaces (5.42 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 29294 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $776,954 |
PROPERTY TAXES
Parcel Number
29294
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$776,954
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2911 E Portland Rd
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