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3323 SW Naito Pky 4,700 SF Office Building Portland, OR 97239 $2,000,000 ($425.53/SF) 7.05% Cap Rate
Investment Highlights
- NNN Lease Through 12/31/2037
- Ideal for 1031 Exchange or Passive Income Investor
- Accredited Birth Center Operating at This Location Since 1998
- Contractual Rent Escalations Provide Predictable NOI Growth
- Attractive Going-In Yield with Future Cap Rate Expansion
Executive Summary
This offering presents a rare opportunity to acquire a high-quality sale leaseback investment secured by a long-term, absolute NNN lease by an established tenant. This offering is ideally suited for investors seeking durable income and minimal management responsibilities of a single-tenant building.
Minutes from I-5 in Portland, this property is located in a centralized and highly strategic location near major regional hospitals, including OHSU, Providence Portland, and Providence St. Vincent that provide full labor and delivery and emergency obstetric services.
Minutes from I-5 in Portland, this property is located in a centralized and highly strategic location near major regional hospitals, including OHSU, Providence Portland, and Providence St. Vincent that provide full labor and delivery and emergency obstetric services.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
4,700 SF
Building Class
C
Year Built
1904
Price
$2,000,000
Price Per SF
$425.53
Cap Rate
7.05%
NOI
$141,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,350 SF
Building FAR
0.54
Lot Size
0.20 AC
Zoning
R1
Parking
12 Spaces (2.55 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Andaluz Waterbirth Center
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Andaluz Waterbirth Center | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | R238716 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $391,270 |
Property Taxes
Parcel Number
R238716
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$391,270
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3323 SW Naito Pky
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