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3636 NE Broadway St 7,016 SF 100% Leased Office Building Portland, OR 97232 $2,675,000 ($381.27/SF) 5.56% Cap Rate
Executive Summary
3636 NE Broadway Street presents a covered land investment opportunity in Portland’s Hollywood District, located on a prominent signalized corner with excellent visibility and access near I-84 and public transit. The property is improved with a ±6,275 SF, single-tenant office building on a ±27,158 SF lot and is fully leased to a mission-driven nonprofit organization under a long-term, triple-net lease with scheduled rent increases, providing predictable interim cash flow and simplified ownership. Zoned CM3, the site allows for a wide range of future commercial and mixed-use redevelopment scenarios, offering long-term upside while the existing income stream offsets holding costs.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
7,016 SF
Building Class
B
Year Built
1992
Price
$2,675,000
Price Per SF
$381.27
Cap Rate
5.56%
NOI
$148,730
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,275 SF
Building FAR
0.24
Lot Size
0.66 AC
Zoning
CM3 - Commercial Mixed Use 3
Parking
31 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
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Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | R175515 | Improvements Assessment | $1,260,800 |
| Land Assessment | $2,851,450 | Total Assessment | $4,112,250 |
Property Taxes
Parcel Number
R175515
Land Assessment
$2,851,450
Improvements Assessment
$1,260,800
Total Assessment
$4,112,250
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3636 NE Broadway St
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