Siletz Business Complex | 12790 SE Stark St
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Siletz Business Complex 12790 SE Stark St
11,448 SF Office Building Portland, OR 97233 £1,854,150 (£162/SF)
Investment Highlights
- The Property is well-maintained by Ownership with $302,000+ recently invested into the building.
- Priced well-below replacement cost at $205 PSF.
- Close proximity to high-density surrounding residential and convenient amenities, including close proximity to Marketplace 205.
- Ample parking on-site that is electronically gated, providing security for tenants and their clients.
- Frontage on hard corner of Stark St. and 128th Ave., exposed to approximately 29,709 VPD.
- Located in a strong submarket with average household incomes of over $107k within a 5-mile radius.
Executive Summary
The Offering provides the opportunity to acquire the Siletz Business Complex, a two-story, 11,448 SF office building located at the hard corner of SE Stark St. and SE 128th, just one mile from Marketplace 205. This property has been extremely well-maintained by the current ownership with $302,000+ spent in the last 4 years on major capital improvements including roof, HVAC, parking lot, etc. The property presents an ideal opportunity for an owner-user to occupy all or part of the building. Priced competitively at $205 per square foot, this elevator-served building is offered well below its replacement cost, making it an attractive investment. Please follow this link for more information: https://hubs.la/Q02Wp30P0
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
11,448 SF
Building Class
C
Year Built
1973
Price
£1,854,150
Price Per SF
£162
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,724 SF
Slab to Slab
11 ft
Building FAR
0.29
Land Acres
0.91 AC
Zoning
CG
Parking
55 Spaces (4.8 Spaces per 1,000 SF Leased)
Amenities
- Signage
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | R111343 | Improvements Assessment | £1,052,053 (2023) |
| Land Assessment | £623,310 (2023) | Total Assessment | £1,675,363 (2023) |
PROPERTY TAXES
Parcel Number
R111343
Land Assessment
£623,310 (2023)
Improvements Assessment
£1,052,053 (2023)
Total Assessment
£1,675,363 (2023)
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Anthony Albrecht -
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Power Broker Sean Tufts -
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Siletz Business Complex | 12790 SE Stark St
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