3331 NE Sandy Blvd
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3331 NE Sandy Blvd
9,800 SF 100% Leased Retail Building Portland, OR 97232 £1,994,934 (£204/SF) 7% Net Initial Yield
Investment Highlights
- Full renovation done in 2015
- New HVAC
- Lift Master Callbox
- New roof
- New Plumbing and electricity
- Security System (Alarm.com)
Executive Summary
300-500Sq ft. Office Spaces with Skylights and 1000Sq ft. Retail Spaces
The first floor features four retail units—two facing Sandy and two facing Wasco. Each unit is equipped with its own ductless HVAC system, bathroom, and is pre-wired for internet. Additionally, each unit is individually submetered for electricity and water. The second floor is served by two gas HVAC units with three zones, providing climate control for ten offices ranging from 300 to 500 SF. The floor includes common bathrooms and a kitchenette. It is equipped with fiber internet and Wi-Fi, with individual logins for each office. Each unit is submetered for electricity, and two offices have access to water and sewer.
The first floor features four retail units—two facing Sandy and two facing Wasco. Each unit is equipped with its own ductless HVAC system, bathroom, and is pre-wired for internet. Additionally, each unit is individually submetered for electricity and water. The second floor is served by two gas HVAC units with three zones, providing climate control for ten offices ranging from 300 to 500 SF. The floor includes common bathrooms and a kitchenette. It is equipped with fiber internet and Wi-Fi, with individual logins for each office. Each unit is submetered for electricity, and two offices have access to water and sewer.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,800 SF
Building Class
C
Year Built/Renovated
1947/2015
Price
£1,994,934
Price Per SF
£204
Net Initial Yield
7%
NOI
£139,699
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.00
Lot Size
0.11 AC
Zoning
CM3 - The CM3 zone is a large-scale, commercial mixed use zone intended for sites close to the Central City, in high-capacity transit station areas or t
Frontage
100 ft on Sandy Blvd
Amenities
- Bus Route
- Signage
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (96)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R203041 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £416,323 |
PROPERTY TAXES
Parcel Number
R203041
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£416,323
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3331 NE Sandy Blvd
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