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Abbey House 2928 SE Hawthorne Blvd 5,145 SF 100% Leased Office Building Portland, OR 97214 $750,000 ($145.77/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Hawthorne District location with access to nearby restaurant and retail amenities.
- Bike Score (99) Bikers Paradise
- Landlord currently pays all utilities; buyer has a clear path to boosting NOI by matching the market standard for charging utility costs to tenants
- Walk Score (95) Walkers Paradise
- Leases in place are short term in nature (1 year or less) and subject to change. Please contact broker for most updated rent roll
- Occupied Cap Rate: 6.9%
EXECUTIVE SUMMARY
Classic office building in the Hawthorne District available for sale. Short term leases allow an opportunity for an investor or an owner-user.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,145 SF
Building Class
C
Year Built
1901
Price
$750,000
Price Per SF
$145.77
Cap Rate
8.50%
NOI
$63,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,573 SF
Slab To Slab
9’
Building FAR
0.69
Lot Size
0.17 AC
Zoning
R1
Parking
2 Spaces (0.39 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R326637 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $556,850 |
PROPERTY TAXES
Parcel Number
R326637
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$556,850
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Abbey House | 2928 SE Hawthorne Blvd
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