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2924 - 2940 Lombard St. St 6,942 SF 100% Leased Retail Building Portland, OR 97217 $1,650,000 ($237.68/SF) 6.70% Cap Rate
Investment Highlights
- High exposure and visibility location
Executive Summary
DO NOT DISTURB TENANTS.
1929 AND 1955 CONSTRUCTION
PRIVATE PARKING LOT – 13 SPACES
TENANTS WITH MULTI-YEAR LEASE TERMS - No vacancies in 20 years, current tenants successfully navigated 2008 recession and COVID-19 pandemic with no late rents
HIGH EXPOSURE AND VISIBILITY CORNER - At intersection with traffic light control
ARBOR LODGE NEIGHBORHOOD
GOOD ACCESSIBILITY TO I-5 AND ST. JOHNS BRIDGE
CM2/RM2 ZONING
CONTACT BROKER'S FOR CONFIDENTIAL FINANCIAL INFORMATION
1929 AND 1955 CONSTRUCTION
PRIVATE PARKING LOT – 13 SPACES
TENANTS WITH MULTI-YEAR LEASE TERMS - No vacancies in 20 years, current tenants successfully navigated 2008 recession and COVID-19 pandemic with no late rents
HIGH EXPOSURE AND VISIBILITY CORNER - At intersection with traffic light control
ARBOR LODGE NEIGHBORHOOD
GOOD ACCESSIBILITY TO I-5 AND ST. JOHNS BRIDGE
CM2/RM2 ZONING
CONTACT BROKER'S FOR CONFIDENTIAL FINANCIAL INFORMATION
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,942 SF
Building Class
C
Year Built
1929
Price
$1,650,000
Price Per SF
$237.68
Cap Rate
6.70%
NOI
$110,550
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.34 AC
Zoning
CM2/RM2 - Commercial General
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | R124813 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $69,170 |
Property Taxes
Parcel Number
R124813
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$69,170
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Matterport 3D Exterior
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Photos
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2924 - 2940 Lombard St. St
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