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4840 NE Sandy Blvd 7,942 SF 100% Leased Office Building Portland, OR 97213 $2,700,000 ($339.96/SF) 5.46% Cap Rate
Investment Highlights
- $800,000 in tenant specific improvements
- built in NOI growth
- stable medical anchor tenant
Executive Summary
The NE Sandy Office Complex offers investors a rare opportunity to acquire a boutique medical/office asset anchored by Columbia Oral Surgery & Implants (lease entity: U.S. Oral Surgery Management, LLC).
The property features a stable, professional tenant mix with contractual rent increases, expense reimbursement structure, and strong street visibility along the NE Sandy Blvd corridor.
The property features a stable, professional tenant mix with contractual rent increases, expense reimbursement structure, and strong street visibility along the NE Sandy Blvd corridor.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$146,975
|
$18.51
|
| Other Income |
$57,874
|
$7.29
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,849
|
$25.79
|
| Taxes |
-
|
-
|
| Operating Expenses |
$57,508
|
$7.24
|
| Total Expenses |
$57,508
|
$7.24
|
| Net Operating Income |
$147,341
|
$18.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $146,975 |
| Annual Per SF | $18.51 |
| Other Income | |
|---|---|
| Annual | $57,874 |
| Annual Per SF | $7.29 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $204,849 |
| Annual Per SF | $25.79 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $57,508 |
| Annual Per SF | $7.24 |
| Total Expenses | |
|---|---|
| Annual | $57,508 |
| Annual Per SF | $7.24 |
| Net Operating Income | |
|---|---|
| Annual | $147,341 |
| Annual Per SF | $18.55 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
7,942 SF
Building Class
B
Year Built/Renovated
1978/2022
Price
$2,700,000
Price Per SF
$339.96
Cap Rate
5.46%
NOI
$147,420
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,971 SF
Building FAR
0.88
Lot Size
0.21 AC
Zoning
RM2 - RM2 - Office variance
Parking
11 Spaces (1.39 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Life Key Counseling
- Health Care and Social Assistance
- -
- -
- -
- Normund Azuins
- -
- -
- -
- -
- Pcc Development Llc
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Life Key Counseling | Health Care and Social Assistance | - | - | - | ||
| Normund Azuins | - | - | - | - | ||
| Pcc Development Llc | Construction | - | - | - |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | R259452 | Total Assessment | $668,520 |
| Land Assessment | $0 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R259452
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$668,520
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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4840 NE Sandy Blvd
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