7215 N Richmond Ave | Portland, OR 97203
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- LoopNet Team
7215 N Richmond Ave
Portland, OR 97203
The Safeway Shoppes · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Safeway Shoppes on Ivanhoe Benefits from “Essential” Shadow-Anchor (NAP) Grocery Tenant, Safeway (Albertsons Companies)
- The Safeway Shoppes on Ivanhoe is a 10,903± SF multi-tenant retail center, currently 75.89% leased to a mix of 5 retail tenants
- Within a 1-mile radius of the property are an influx of more than 2,050 residential units at less than 5% market vacancy with an area walk score of 94
- Current WALT of 2.7 years providing a new investor near-term opportunity to negotiate leases at or above current market rents
- With a vacant suite of approximately 15.32% of GLA and another tenant, Perfect Look Hair Salon of 10.78% of GLA set to vacate by the end of October
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,903 SF
Building Class
B
Year Built
1996
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.79 AC
Zoning
CM2 - Commercial Mixed Use 2 (CM2)
Parking
200 Spaces (18.34 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | R192164 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,493,940 |
PROPERTY TAXES
Parcel Number
R192164
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,493,940
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