202-204 NE Kelly Ave 4,000 SF 100% Leased Office Building Gresham, OR 97030 £607,659 (£151.91/SF) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Downtown Gresham location
- Significant development surounding this location
- Off-street parking
EXECUTIVE SUMMARY
Excellent downtown Gresham location! Flexible space from 1-6 units. Currently 100% occupied by 3 tenants. Leases expire in September 2025 and December 2025 if an owner user needs to occupy the entire space. Long term tenants would likely extend for an investor.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
4,000 SF
Building Class
C
Year Built
1957
Price
£607,659
Price Per SF
£151.91
Net Initial Yield
5%
NOI
£30,383
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,000 SF
Building FAR
0.36
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
DCC
Parking
13 Spaces (3.25 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Route
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Silver V Construction Mgt
- Construction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Silver V Construction Mgt | Construction | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £359,069 (2023) | |
| Land Assessment | £3,967 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 |
