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Wells Fargo Pad 9200 SW Washington Square Rd 7,735 SF Retail Building Portland, OR 97223 $4,200,000 ($542.99/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

Owner/User or Redevelopment Opportunity at Washington Square
Adjacent 80,586 SF of Land Also Available for 3.05 AC of Development Land
Flexible Zoning Allows for Multifamily, Hospitality, Office and Retail

Lease Expires in January 2028 with No Options
High Profile Site within Opportunity Zone
Nearby Major Office Hubs such as Lincoln Center, Kruse Way, and the Sunset Corridor

EXECUTIVE SUMMARY

Fully Leased Wells Fargo Pad at Washington Square
Owner/User Opportunity | Redevelopment with Income
Sale Price: $4,200,000
CAP Rate: 8.00%
Lease Expiration: 1/31/2028
Building: ±6,548 SF ($641/SF)
Gross Land Area: ±1.20 Acres (±52,272 SF $80/SF)
Max Height: 185 Feet
Property Zoning: Tigard MUC (Mixed Use Commercial)

Wells Fargo_Washington_Square

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Bank

Building Size

7,735 SF

Building Class

Year Built

1975

Price

$4,200,000

Price Per SF

$542.99

Cap Rate

NOI

$336,000

Tenancy

Single

Building Height

2 Stories

Building FAR

0.61

Lot Size

0.29 AC

Opportunity Zone

Yes

Zoning

MUC - Tigard MUC (Mixed Use Commercial)

Parking

32 Spaces (2.35 Spaces per 1,000 SF Leased)

Frontage

204’ on Washington Square Rd

Signage

Drive Thru

Finance and Insurance
99,999 SF
-
Jan 0000

Wells Fargo is a leading global financial services company headquartered in San Francisco with hub offices in major cities across the United States. They are proud to serve many households and many of small businesses in the U.S. They provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through their reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo has office locations across the world to help their business customers succeed on an international scale. Outside of the U.S., they focus on providing banking services for large corporate, government and financial institution clients. They have worldwide expertise and services to help their customers improve earnings, manage risk, and develop opportunities in the global marketplace.