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The Heritage Building 3934 NE Martin Luther King Jr Blvd 29,500 SF 85% Leased Office Building Portland, OR 97212 $3,300,000 ($111.86/SF) 8.50% Cap Rate
Investment Highlights
- 100% Leased Office Investment Opportunity
- Convenient Off-Street Parking
- LEED Gold Certified
- Nearby New Seasons Market and Legacy Emanuel Medical Center
Executive Summary
Sale Price: $3,300,000 ($115/SF)
CAP Rate: 8.5%
Occupancy: 100% (7 tenants)
Size: 28,731 SF
Parking: 25 Stalls
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Restaurant
- Security System
- Signage
- Waterfront
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Professional, Scientific, and Technical Services
- -
-
$9.99
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We are 3 architects, each with a 20 year history with a wide range of skills set within the realm of design and construction. We are real estate developers, architects, landscape designers and makers. Our belief in making great architecture guides our practice. We see opportunities in unlikely places and approach both design and development rigorously. We are relentless in the pursuit of making work in the built environment that has enduring and recognizable value.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Medical office space is currently set up as a Vision Clinic. Space has 4 exam rooms, 3 offices, a therapy room, and a Kitchen. Large Windows/Storefront overlooking MLK Blvd.
- 2nd Floor
- 1,900 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 180 | 2,453 SF | Office/Medical | Full Build-Out | Now |
| 2nd Floor | 1,900 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 180
| Size |
| 2,453 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,900 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 180
| Size | 2,453 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Medical office space is currently set up as a Vision Clinic. Space has 4 exam rooms, 3 offices, a therapy room, and a Kitchen. Large Windows/Storefront overlooking MLK Blvd.
Property Taxes
| Parcel Number | R226497 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,624,880 |
Property Taxes
Contacts
-
Riley Henderson -
John Kohnstamm -
Nicholas Diamond -
Michael Horter -
Capacity Commercial Group LLC
Presented by
The Heritage Building | 3934 NE Martin Luther King Jr Blvd
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