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323-325 NW 13th Ave - Block 90 NNN Leased Investment 3,306 SF Retail Condo Unit Offered at $2,247,000 in Portland, OR 97209
Investment Highlights
- Mediterranean Exploration Company has leased the space since 2014
- Vibrant Pearl District is Home to Many Notable Retailers, Employers, and Residential Apartments and Condos
- MEC Recommitted with a New 5-Year Lease, Thru March 31, 2031
Property Facts
| Total Building Size | 48,058 SF | Typical Floor Size | 16,019 SF |
| Property Type | Office (Condo) | Year Built | 1939 |
| Building Class | B | Lot Size | 0.46 AC |
| Floors | 3 | Parking Ratio | 0.19/1,000 SF |
| Zoning | EXD | ||
| Total Building Size | 48,058 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 16,019 SF |
| Year Built | 1939 |
| Lot Size | 0.46 AC |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | EXD |
Amenities
- Controlled Access
- Restaurant
- Signage
- Monument Signage
- Outdoor Seating
- Air Conditioning
1 Unit Available
Unit 333
| Unit Size | 3,306 SF | Sale Type | Investment |
| Price | $2,247,000 | Cap Rate | 6.50% |
| Price Per SF | $679.67 | NOI | $146,055 |
| Condo Use | Retail |
| Unit Size | 3,306 SF |
| Price | $2,247,000 |
| Price Per SF | $679.67 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $146,055 |
Sale Notes
Single Tenant NNN Leased Investment Opportunity in Portland's Pearl District
100% Leased | High Profile Restaurant
Rentable SF: 3,306 SF
Sale Price: $2,247,000 ($680/SF)
CAP Rate: 6.50%
Tenant: Mediterranean Exploration Company
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (89)
Bike Score®
Biker's Paradise (96)
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Mediterranean Exploration Company |
99,999 SF SF
|
Jan 0000
|
Contacts
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
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323-325 NW 13th Ave - Block 90 NNN Leased Investment
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