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Forest Grove Mixed-Use Pad 2 Properties Offered at $1,295,000 in Forest Grove, OR
Investment Highlights
- Two freestanding buildings
- 101' frontage on Pacific Ave (Hwy 8)
- 100% occupied
Executive Summary
STABILIZED TWO TENANT INVESTMENT ON ± 0.57 AC AT SIGNALIZED CORNER
• Two-Tenant Income, Diversified Reset Dates
December 2030 and November 2027 lease renewal dates.
• Signalized Forest Grove Corner
Signage on a street intersection averaging ± 16,500 VPD.
• Entitled Redevelopment Optionality:
± 22,365 SF underutilized land on site. Two MD Architect schematic plans on file.
• Leave-Behind Soft Costs
Ownership already absorbed approx. $96,000 in architectural and engineering work.
• Recent Capital
Vet building re-roofed approximately 2023. Phase II ESA on file; asbestos sampling negative — no additional Phase I required.
• Forest Grove Growth Story ZIP 97116 population up 11.4% (2011–2020). 1-mile average household income $86,354. Washington County retail vacancy 4.7%; Westside Outlying submarket 2.6%.
• Two-Tenant Income, Diversified Reset Dates
December 2030 and November 2027 lease renewal dates.
• Signalized Forest Grove Corner
Signage on a street intersection averaging ± 16,500 VPD.
• Entitled Redevelopment Optionality:
± 22,365 SF underutilized land on site. Two MD Architect schematic plans on file.
• Leave-Behind Soft Costs
Ownership already absorbed approx. $96,000 in architectural and engineering work.
• Recent Capital
Vet building re-roofed approximately 2023. Phase II ESA on file; asbestos sampling negative — no additional Phase I required.
• Forest Grove Growth Story ZIP 97116 population up 11.4% (2011–2020). 1-mile average household income $86,354. Washington County retail vacancy 4.7%; Westside Outlying submarket 2.6%.
Property Facts
| Price | $1,295,000 | Number of Properties | 2 |
| Price / SF | $274.95 / SF | Individually For Sale | 0 |
| Cap Rate | 5.13% | Total Building Size | 4,710 SF |
| Sale Type | Investment | Total Land Area | 2.43 AC |
| Status | Active |
| Price | $1,295,000 |
| Price / SF | $274.95 / SF |
| Cap Rate | 5.13% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,710 SF |
| Total Land Area | 2.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2625 Pacific Ave, Forest Grove, OR 97116 | Office | 3,026 SF | 1950 | - |
| 2635 Pacific Ave, Forest Grove, OR 97116 | Retail | 1,684 SF | 1950 | - |
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Forest Grove Mixed-Use Pad
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