The Bastian Building 418 - 436 NW 6th Ave 27,600 SF 65% Leased Office Building Portland, OR 97209 $2,500,000 ($90.58/SF)

Norris & Stevens is pleased to present for sale the Bastian Building. Originally built in 1915, the property has been painstakingly upgraded over the years by the ownership. Multiple seismic reinforcements have been completed giving the building an A2 Occupancy Rating allowing it to serve as the home of Portland’s Harvey’s Comedy Club for many years and currently home to the Calle 6 Nightclub. Located at the intersection of NW 6th and NW Glisan St, the property provides easy access to Portland’s award-winning public transit system. Current income streams in place will offset the cost for an owner/user looking to relocate into a move-in ready building. The property is poised to benefit from the Broadway Corridor redevelopment project, as this part of Old Town, China Town, and the Pearl District is reshaped into the gateway of downtown Portland.
INVESTOR
• 64.8% Occupied – Stable Tenants, Popular Ground Floor Tenant
• $132,058 Positive Cash Flow Annually with Upside
• Dynamic Future Neighborhood – Made In Old Town, Broadway Corridor Development
OWNER/USER
• 7,900 SF available for User – Offices Built Out with Amenities
• Two-story atrium – Common Area with seating
• Elevator served & Air Conditioned
• Recently upgraded mechanical and lobby finishes
• Monthly parking available on same block