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The 4949 Building 4949 S MacAdam Ave 17,657 SF 100% Leased Office Building Portland, OR 97239 $3,990,000 ($225.97/SF) 8.50% Cap Rate
Investment Highlights
- Owner-User with Income or Value Add Investment
- 2.8 : 1000 Parking Ratio (51 Off-Street Spaces)
- Blocks to multiple Retail & Dining Locations including Elephants on Corbett, Jolly Rodger, and Starbucks
- Coworking / Creative Office Buildout on Both Floors
- Located in Prime Johns Landing Neighborhood near Downtown and the Willamette River
- Renovated in 2017 with a Partial New Roof in 2024
Executive Summary
100% Leased Office Building in South Portland
Owner-User • Investment Opportunity • Open/Private Offices
--------------------
Space Available: 17,657 SF (Entire Building)
Ground Floor - 6,007 sf
Second Floor - 11,650 sf
Sale Price: $3,990,000 ($226/SF)
Owner-User • Investment Opportunity • Open/Private Offices
--------------------
Space Available: 17,657 SF (Entire Building)
Ground Floor - 6,007 sf
Second Floor - 11,650 sf
Sale Price: $3,990,000 ($226/SF)
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,657 SF
Building Class
B
Year Built/Renovated
1979/2017
Price
$3,990,000
Price Per SF
$225.97
Cap Rate
8.50%
NOI
$339,150
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,829 SF
Building FAR
0.56
Lot Size
0.72 AC
Zoning
CM2 - CM2 Commercial
Parking
51 Spaces (2.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Property Manager on Site
- Security System
- Skylights
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Plug & Play
- Reception
- Wi-Fi
- Air Conditioning
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | R285361 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,178,080 |
Property Taxes
Parcel Number
R285361
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,178,080
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The 4949 Building | 4949 S MacAdam Ave
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