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4509-4511 SE Cesar E Chavez Blvd 3,778 SF Office Building Portland, OR 97202 $2,000,000 ($529.38/SF) 6% Cap Rate
Investment Highlights
- 50% Occupied
- Proforma Cap - $7.2%
- Proforma NOI - $144,000
Executive Summary
Oregon Bud Company is the current tenant occupying approx. 1/2 of the building. The other 1/2 is currently vacant and office tenant ready. The Oregon Bud Company is the Seller and is willing to stay in place with guaranteed rents for the investment buyer or vacate with adequate notice for an owner user buyer. The flexible CM1 Zone allows for multiple uses to occupy either the entire building or the remaining 50% with uses such as Medical, Daycare, Religious and Schools.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,778 SF
Building Class
B
Year Built/Renovated
1958/1992
Price
$2,000,000
Price Per SF
$529.38
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,778 SF
Building FAR
0.27
Lot Size
0.32 AC
Zoning
R1
Parking
17 Spaces (4.49 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R172262 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $278,180 |
Property Taxes
Parcel Number
R172262
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$278,180
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