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4509-4511 SE Cesar E Chavez Blvd

3,778 SF Office Building Portland, OR 97202 £1,578,000 (£418/SF) 6% Net Initial Yield

Investment Highlights

  • 50% Occupied
  • Proforma Cap - $7.2%
  • Proforma NOI - $144,000

Executive Summary

Oregon Bud Company is the current tenant occupying approx. 1/2 of the building. The other 1/2 is currently vacant and office tenant ready. The Oregon Bud Company is the Seller and is willing to stay in place with guaranteed rents for the investment buyer or vacate with adequate notice for an owner user buyer. The flexible CM1 Zone allows for multiple uses to occupy either the entire building or the remaining 50% with uses such as Medical, Daycare, Religious and Schools.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,778 SF
Building Class
B
Year Built/Renovated
1958/1992
Price
£1,578,000
Price Per SF
£418
Net Initial Yield
6%
NOI
£94,680
Tenancy
Single
Number of Floors
1
Typical Floor Size
3,778 SF
Building FAR
0.27
Land Acres
0.32 AC
Zoning
R1
Parking
17 Spaces (4.49 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • Signage
1 of 1
Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R172262 Improvements Assessment £0
Land Assessment £0 Total Assessment £207,156

PROPERTY TAXES

Parcel Number
R172262
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£207,156
(503) 804-4653

  • Listing ID: 33232889

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: 4509-4511 SE Cesar E Chavez Blvd, Portland, OR 97202

The Office Property at 4509-4511 SE Cesar E Chavez Blvd, Portland, OR 97202 is currently available For Sale. Contact Tradition Real Estate Partners for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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4509-4511 SE Cesar E Chavez Blvd, Portland, OR for sale Building Photo- Image 1 of 8
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4509-4511 SE Cesar E Chavez Blvd, Portland, OR for sale Building Photo- Image 4 of 8
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4509-4511 SE Cesar E Chavez Blvd, Portland, OR for sale Building Photo- Image 5 of 8
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4509-4511 SE Cesar E Chavez Blvd, Portland, OR for sale Building Photo- Image 6 of 8
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