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4713 N Albina Ave
Portland, OR 97217
Albina Yard · Office Property For Sale
Investment Highlights
- First-of-its-kind office building, constructed with cross-laminated timber panels that create inviting, light, and warm workplaces.
- Recently constructed in 2016, with advanced mechanical systems and cutting-edge heating and cooling systems.
- Strong rent roll with leases that feature 3% and 4% annual rent increases.
- High cash flow property Day 1, with an expected 7.35% COC in Year 1 and 9.95% COC in Year 5.
- 100% Occupied with all NNN leases providing hedges against inflation and no cost leakage.
- Ninety percent of the GLA has renewed or expanded its footprint in the building in the last 24 months.
Property Facts
Property Type
Office
Building Size
14,593 SF
Building Class
B
Year Built
2016
Percent Leased
76%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,648 SF
Slab To Slab
10’
Building FAR
2.09
Lot Size
0.16 AC
Zoning
EX - Central Employment (EX) - mixed-use zone designed to encourage a high-intensity blend of industrial, commercial, and residential uses, typically found near the central city (e.g., Central Eastside) to support economic viability while allowing
Property Taxes
| Parcel Number | R653012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,060,370 |
Property Taxes
Parcel Number
R653012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,060,370
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