• Broker Bud Hosner 5033494892

202-204 NE Kelly Ave 4,000 SF 100% Leased Office Building Gresham, OR 97030 £598,953 (£149.74/SF) 5% Net Initial Yield

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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.

ATTACHMENTS

Kelly OM 2025

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
Office
Building Size
4,000 SF
Building Class
C
Year Built
1957
Price
£598,953
Price Per SF
£149.74
Net Initial Yield
5%
NOI
£29,948
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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (77)

PROPERTY TAXES

Parcel Numbers R314071, R314068 Total Assessment £354,131 (2023)
Land Assessment £3,912 (2023) Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £0 (2023) Tax Year 2024

MAP

ADDITIONAL PHOTOS

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