1909-1915 SW 6th Ave
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1909-1915 SW 6th Ave
6,500 SF 100% Leased Retail Building Portland, OR 97201 £3,150,800 (£485/SF) 3.30% Net Initial Yield
Investment Highlights
- Portland State University
- Management On-Site Parking
- Heavy Walking Traffic
Executive Summary
Income or redevelopment investment property with over 200 feet of frontage. High traffic count, visibility in the heart of PSU and national brands. 3 NNN leased units. CX - Central Commercial in Opportunity Zone. Family owned AAA commercial investment property since 1953. The property is conveniently located on NE corner of SW Hall St and SW 6th Ave in Portland Oregon. Portland State University has over 28,000 students, 6000 professors, managers, and administrative staff. This investment property benefits from walking traffic to and from the various colleges, University Center and a multi-level student parking garage across street. The 6500 sq. ft. building includes valuable on-site management parking. There is currently a restaurant, boutique coffee shop, and a print shop that serve the University population. Excellent 1031 Exchange for income.
Subject to lease rights. Proof of funds, and or property specific commercial loan approval required to show. Showing by appointment only with listing broker. Use OREF Commercial forms to make offer. Title will be First American Title - Christina Brusco. Do not disturb businesses. Call or email listing broker for details.
Subject to lease rights. Proof of funds, and or property specific commercial loan approval required to show. Showing by appointment only with listing broker. Use OREF Commercial forms to make offer. Title will be First American Title - Christina Brusco. Do not disturb businesses. Call or email listing broker for details.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
1953
Price
£3,150,800
Price Per SF
£485
Net Initial Yield
3.30%
NOI
£103,976
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.65
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CX - CX - Central Commercial in Opportunity Zone.
Frontage
200 ft on SW Hall St and SW 6th Ave
Amenities
- Bus Route
- Commuter Rail
- Public Transport
- Signage
- Signalised Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Rede Print
- Service type
- -
- -
- -
- Tasty Corner
- -
- -
- -
- -
- Wild Rose Coffee
- -
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Rede Print | Service type | - | - | - | ||
Tasty Corner | - | - | - | - | ||
Wild Rose Coffee | - | - | - | - |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R246361 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £923,728 |
PROPERTY TAXES
Parcel Number
R246361
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£923,728
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1909-1915 SW 6th Ave
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