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OC Creative office and Retail Building 502 7th St 17,900 SF 85% Leased Retail Building Oregon City, OR 97045 $5,450,000 ($304.47/SF) 7.40% Cap Rate
EXECUTIVE SUMMARY
High quality investment property in the growing Oregon City market.
Fully redeveloped building including Structural Steel, New elevator, fully fire sprinklered, New HVAC, plumbing, and electrical, Storefronts, architectural skylights, and Membrane roof.
The property consists of 2 tax lots with an approximately 17,900 SF building and a leased parking lot.
7.4% Cap Rate with most leases being NNN
Great opportunity for an investor looking for a well maintained trophy asset with a great return.
Fully redeveloped building including Structural Steel, New elevator, fully fire sprinklered, New HVAC, plumbing, and electrical, Storefronts, architectural skylights, and Membrane roof.
The property consists of 2 tax lots with an approximately 17,900 SF building and a leased parking lot.
7.4% Cap Rate with most leases being NNN
Great opportunity for an investor looking for a well maintained trophy asset with a great return.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,900 SF
Building Class
C
Year Built/Renovated
1950/2000
Price
$5,450,000
Price Per SF
$304.47
Cap Rate
7.40%
NOI
$403,300
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
MUC-1 - Mixed-use commercial
Parking
18 Spaces (1.01 Spaces per 1,000 SF Leased)
Frontage
62’ on 7th St
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Open front space with 2 private offices, with shared conference room and restrooms.
Great office space with perfect mix of 4 private offices and large open work space. Shared conference room ADA accessible with elevator Reserved parking available
- 206C
- 150 SF
- Office
- -
- Now
- 207
- 1,020 SF
- Office
- -
- 30 Days
- 208
- 1,240 SF
- Office
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 204 | 730 SF | Office | - | Now |
| 205 | 1,760 SF | Office | - | Now |
| 206C | 150 SF | Office | - | Now |
| 207 | 1,020 SF | Office | - | 30 Days |
| 208 | 1,240 SF | Office | - | 30 Days |
204
| Size |
| 730 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
205
| Size |
| 1,760 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
206C
| Size |
| 150 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
207
| Size |
| 1,020 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
208
| Size |
| 1,240 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
204
| Size | 730 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Open front space with 2 private offices, with shared conference room and restrooms.
205
| Size | 1,760 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Great office space with perfect mix of 4 private offices and large open work space. Shared conference room ADA accessible with elevator Reserved parking available
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00572810 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,819,052 |
PROPERTY TAXES
Parcel Number
00572810
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,819,052
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OC Creative office and Retail Building | 502 7th St
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