Portland Ave Retail Center | 3910-3918 E Portland Ave
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Portland Ave Retail Center 3910-3918 E Portland Ave
24,177 SF 81% Leased Retail Building Tacoma, WA 98404 £3,939,955 (£163/SF) 6.07% Net Initial Yield
Investment Highlights
- High traffic, high visible location near downtown Tacoma and Casinos
- Plenty of parking
- Close to Freeways
Executive Summary
This is a rare opportunity to purchase a 3 unit retail investment property well located near downtown Tacoma. The Building has a new roof and is close to freeways with plenty of parking. This property is solidly anchored and an adjacent parcel zoned residential could be available for purchase as well.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
24,177 SF
Building Class
C
Year Built/Renovated
1957/1963
Price
£3,939,955
Price Per SF
£163
Net Initial Yield
6.07%
NOI
£239,155
Percent Leased
81%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Lot Size
2.35 AC
Zoning
C1, Tacoma - C1 -Land use - 5360-NGB COMMUNITY SC
Parking
52 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- B & A International Foods
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| B & A International Foods | Retailer | 99,999 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
High Ceiling. Wide open space. Perfect for retail/office. 16 ft ceiling.
High Ceiling. Wide open space. Perfect for retail/office. 16 ft ceiling.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,800 SF | Retail | - | Now |
| 1st Floor | 2,800 SF | Retail | - | Now |
1st Floor
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 2,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,800 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
High Ceiling. Wide open space. Perfect for retail/office. 16 ft ceiling.
1st Floor
| Size | 2,800 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
High Ceiling. Wide open space. Perfect for retail/office. 16 ft ceiling.
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £1,599,325 | |
| Land Assessment | £937,625 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £661,701 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£937,625
Improvements Assessment
£661,701
Total Assessment
£1,599,325
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Portland Ave Retail Center | 3910-3918 E Portland Ave
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