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8535-8539 N Lombard St 8,600 SF 100% Leased Retail Building Portland, OR 97203 $1,725,000 ($200.58/SF) 8% Cap Rate
Executive Summary
Rare net leased investment opportunity in the heart of St. Johns. Quality tenants and leases in place. Some leased second floor offices. Upside in finishing second floor that is unfinished. Strong Proforma CAP rate over 8%. Includes parking lot behind. Opportunity to own second building adjoining at 8525-27 N Lombard.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,600 SF
Building Class
C
Year Built
1907
Price
$1,725,000
Price Per SF
$200.58
Cap Rate
8%
NOI
$138,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.11 AC
Zoning
MU - Commercial Service - designed to support a blend of commercial and service-based activities.
Parking
12 Spaces (1.76 Spaces per 1,000 SF Leased)
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $419,430 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$419,430
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8535-8539 N Lombard St
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