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920-950 NW Eastman Pky
Gresham, OR 97030
Retail Property For Sale
Investment Highlights
- 100% leased, two-tenant retail pad within Gresham Town Fair — a ±264K SF community shopping center.
- Unitus Community Credit Union, an 85+ year Oregon-based institution with ~$1.8B+ in assets, is in place through February 2029 and holds a center exclu
- Contractual 2.5% annual rent increases across both tenants.
- NNN structure — both tenants reimburse CAM, property taxes, and insurance; landlord responsibility is limited to roof, structure, and common areas.
- Akira Sushi signed a brand-new 10-year lease backed by a personal guaranty from a multi-unit operator (four-plus Portland-area restaurants), completin
- Hard-corner position at NW Division St & NW Eastman Pkwy with 25k VPD within an anchor-driven center (Ross, Dick’s Sporting Goods, PetSmart).
Executive Summary
This offering is Condominium Unit 17 of the Gresham Town Fair Condominium — the freestanding building occupied by Unitus Community Credit Union and Akira Sushi. The buyer acquires fee-simple title to the unit and 100% of its income, plus a proportionate undivided interest in the center’s shared common elements (parking, drive aisles, landscaping, master insurance).
Gresham Town Fair is an 18-unit commercial condominium under the Oregon Condominium Act, run by an owners’ association. Each owner holds its building and a pro-rata share of the common areas, governed by recorded CC&Rs and a reciprocal easement agreement.
Gresham Town Fair is an 18-unit commercial condominium under the Oregon Condominium Act, run by an owners’ association. Each owner holds its building and a pro-rata share of the common areas, governed by recorded CC&Rs and a reciprocal easement agreement.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,924 SF
Building Class
B
Year Built
1990
Price
$2,370,000
Price Per SF
$400.07
Cap Rate
6.39%
NOI
$151,438
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.76
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
DMU
Frontage
91’ on SE Division St
Amenities
- Signage
Property Taxes
| Parcel Number | R338928 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,065,530 |
Property Taxes
Parcel Number
R338928
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,065,530
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