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700 NE 102nd Ave
Portland, OR 97220
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Well established multi-tenant retail center leased to four tenants, three of which have been in-place for nine years or more.
- Property includes 2,500 SF of grade level warehouse occupied rent-free by a general contractor acting in the capacity of caretaker.
- Easily accessible location in Portland's Gateway Neighborhood, blocks from the intersection of I-205, I-84, and the TriMet Light Rail Transit Station.
- Tenants range in size from 4,500 SF to 7,500 SF.
- Under market gross leases provide the opportunity to add value over time by converting to net leases and increasing income.
- Excellent drive-by exposure with 415' of frontage on NE 102nd Avenue and a traffic count of 10,316 cars per day average.
EXECUTIVE SUMMARY
Outstanding Eastside investment opportunity: a 24,426 SF retail/service building with partial renovations in 2021 and 2025, CX zoning, 100% occupancy, and solid long-term tenants. The property offers stable income and potential to shift to higher-yield net leases - an ideal addition to a savvy investor’s portfolio.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
24,426 SF
Year Built/Renovated
1971/2021
Price
$3,000,000
Price Per SF
$122.82
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
24,426 SF
Building FAR
0.35
Lot Size
1.59 AC
Opportunity Zone
Yes
Zoning
CX
PROPERTY TAXES
| Parcel Number | R319731 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,371,160 |
PROPERTY TAXES
Parcel Number
R319731
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,371,160
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