21028 Highway 99E NE
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21028 Highway 99E NE
2,296 SF 100% Leased Retail Building Aurora, OR 97002 £664,300 (£289/SF) 6.91% Net Initial Yield
Investment Highlights
- Great exposure in high-traffic corridor with over 16,000 commuting vehicles per day
- Proximity to I-5
Executive Summary
Two updated buildings with a combined area of of ±2,296 sq ft on total lot size of 0.42 acres. Featuring ±154 ft of frontage along Highway 99, it benefits from the visibility and traffic flow of over 7,000 vehicles per day. Tenants are on automatically renewing leases, making this property ideal for an investor with owner/operator potential. Situated in a thriving community with an average household income of $104,000 within a 1 mile radius of the property, and an average home value of $623,000, there is a broad base of potential customers nearby.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,296 SF
Building Class
C
Year Built
1970
Price
£664,300
Price Per SF
£289
Net Initial Yield
6.91%
NOI
£45,889
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.13
Lot Size
0.42 AC
Zoning
C - See attached documents
Parking
7 Spaces (3.05 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 510652 | Total Assessment | £160,864 |
| Land Assessment | £0 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
510652
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£160,864
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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21028 Highway 99E NE
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