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NW 21st & Irving Office 632-636 NW 21st Ave 20,000 SF 80% Leased Office Building Portland, OR 97209 $3,200,000 ($160/SF) 7.01% Cap Rate
Investment Highlights
- Available Now: Owner User Opportunity for over 50% of the Building (Including Parking Garage)
- Desirable Location on NW 21st Ave in NW Portland
- Long Term Leases: Cinema21 and NW Nails + Spa
- Interior Parking Garage with 15 Parking Spaces for Rent
- Open Floor Plan and Private Office. Kitchenette Upstairs
Executive Summary
2nd-Generation Retail / Office Space with Secure Parking
Total Space: 3,921 RSF (can be demised)
Ground Floor: 2,283 SF
2nd Floor: 1,638 SF
Sale Price: $3,200,000 ($162/SF)
CAP Rate: 7.01%
Total Space: 3,921 RSF (can be demised)
Ground Floor: 2,283 SF
2nd Floor: 1,638 SF
Sale Price: $3,200,000 ($162/SF)
CAP Rate: 7.01%
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
20,000 SF
Building Class
C
Year Built
1925
Price
$3,200,000
Price Per SF
$160
Cap Rate
7.01%
NOI
$224,320
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
2.00
Lot Size
0.23 AC
Zoning
CM2
Parking
15 Spaces (0.75 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 1
- 892 SF
- Office/Retail
- Partial Build-Out
- Now
2nd-Generation Retail / Office Space with Secure Parking Space Available: 3,921 SF (Demisable to 892 SF - 2,283 SF) 3,921 SF Total | $25 / rsf + NNN Ground Floor | $30 / rsf + NNN 2nd Floor | $28 / rsf + NNN $150 / Parking Space AVAILABLE NOW
Suite 3 & 4 can be combined
Suite 3 & 4 can be combined
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1 | 892 SF | Office/Retail | Partial Build-Out | Now |
| 1st Fl-Ste 2 | 1,391 SF | Office/Retail | - | Now |
| 2nd Fl-Ste 3 | 723 SF | Office/Retail | - | Now |
| 2nd Fl-Ste 4 | 915 SF | Office/Retail | - | Now |
1st Fl-Ste 1
| Size |
| 892 SF |
| Space Use |
| Office/Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 2
| Size |
| 1,391 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 3
| Size |
| 723 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 4
| Size |
| 915 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 2
| Size | 1,391 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
2nd-Generation Retail / Office Space with Secure Parking Space Available: 3,921 SF (Demisable to 892 SF - 2,283 SF) 3,921 SF Total | $25 / rsf + NNN Ground Floor | $30 / rsf + NNN 2nd Floor | $28 / rsf + NNN $150 / Parking Space AVAILABLE NOW
2nd Fl-Ste 3
| Size | 723 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Suite 3 & 4 can be combined
2nd Fl-Ste 4
| Size | 915 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Suite 3 & 4 can be combined
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (97)
Property Taxes
| Parcel Number | R198490 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,507,650 |
Property Taxes
Parcel Number
R198490
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,507,650
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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NW 21st & Irving Office | 632-636 NW 21st Ave
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