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EXECUTIVE SUMMARY
Excellent opportunity to own a four building complex with terrific upside in leasinig soon to be vacant office and industrial use buildings. Or, good opportunity for owner/user to occupy up to half of the premises accommodating own office or warehouse needs.
Bldg A- 3 seasoned retail operators on staggered lease obligations at market rent. Approx. 4,400 sf total. Can divide one of units into two.
Bldg B- Existing industrial operator for last 25 years may be vacating early 2026. Can divide approx. 5,600 sf building into 3 units. Heavy power and 5 OH doors.
Bldg C- Existing office occupant, Centennial SD, vacating early 2026. Two story office with elevator, two kitchens, laundry, many large classrooms, offices.
Bldg D- Four unit townhouse building. All units offer garages, w/d hookups, back decks, many recent updates.
Varied product type provides lower vacancy risk.
Price: $2,900,000. Excellent value at $150/sf.
Stable rental history throughout. Located on major arterial just South of SE Division Street. 4 buildings cover two tax lot parcels. Many recent updates in HVAC units. Some metal roofs. Please do not disturb occupants
Walk thrus available for office and industrial buildings. Please call Mike Devlin, Devlin Properties at 503-901-5407 to schedule an appointment.
Bldg A- 3 seasoned retail operators on staggered lease obligations at market rent. Approx. 4,400 sf total. Can divide one of units into two.
Bldg B- Existing industrial operator for last 25 years may be vacating early 2026. Can divide approx. 5,600 sf building into 3 units. Heavy power and 5 OH doors.
Bldg C- Existing office occupant, Centennial SD, vacating early 2026. Two story office with elevator, two kitchens, laundry, many large classrooms, offices.
Bldg D- Four unit townhouse building. All units offer garages, w/d hookups, back decks, many recent updates.
Varied product type provides lower vacancy risk.
Price: $2,900,000. Excellent value at $150/sf.
Stable rental history throughout. Located on major arterial just South of SE Division Street. 4 buildings cover two tax lot parcels. Many recent updates in HVAC units. Some metal roofs. Please do not disturb occupants
Walk thrus available for office and industrial buildings. Please call Mike Devlin, Devlin Properties at 503-901-5407 to schedule an appointment.
PROPERTY FACTS
| Price | $2,900,000 | Number of Properties | 4 |
| Price / SF | $146.76 / SF | Individually For Sale | 0 |
| Cap Rate | 5.97% | Total Building Size | 19,760 SF |
| Sale Type | Investment | Total Land Area | 3.23 AC |
| Status | Active |
| Price | $2,900,000 |
| Price / SF | $146.76 / SF |
| Cap Rate | 5.97% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 19,760 SF |
| Total Land Area | 3.23 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
B
2602-2640 SE 162nd Ave, Portland, OR 97236 |
Industrial | 5,700 SF | 1994 | - |
|
D
2602-2640 SE 162nd Ave, Portland, OR 97236 |
Multifamily | 4,000 SF | 1994 | - |
|
C
2602-2640 SE 162nd Ave, Portland, OR 97236 |
Office | 5,560 SF | 1994 | - |
|
Building A
2602-2640 SE 162nd Ave, Portland, OR 97236 |
Retail | 4,500 SF | 1994 | - |
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