Log In/Sign up
Your email has been sent.
The 4949 Building 4949 S MacAdam Ave 17,657 sq ft 66% Let Office Property Portland, OR 97239 £2,956,311 (£167.43/sq ft) 8.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Owner-User with Income or Value Add Investment
- 2.8 : 1000 Parking Ratio (51 Off-Street Spaces)
- Blocks to multiple Retail & Dining Locations including Elephants on Corbett, Jolly Rodger, and Starbucks
- Coworking / Creative Office Buildout on Both Floors
- Located in Prime Johns Landing Neighborhood near Downtown and the Willamette River
- Renovated in 2017 with a Partial New Roof in 2024
EXECUTIVE SUMMARY
100% Leased Office Building in South Portland
Owner-User • Investment Opportunity • Open/Private Offices
--------------------
Space Available: 17,657 SF (Entire Building)
Ground Floor - 6,007 sf
Second Floor - 11,650 sf
Sale Price: $3,990,000 ($226/SF)
Owner-User • Investment Opportunity • Open/Private Offices
--------------------
Space Available: 17,657 SF (Entire Building)
Ground Floor - 6,007 sf
Second Floor - 11,650 sf
Sale Price: $3,990,000 ($226/SF)
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Office
Property Subtype
Studio / Creative Space
Property Size
17,657 sq ft
Costar Property Class
B
Year Built/Renovated
1979/2017
Price
£2,956,311
Price per sq ft
£167.43
Yield
8.50%
NOI
£251,286
Occupancy Rate
66%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,829 sq ft
Plot ratio
0.56
Total Plot Size
0.72 ac
Use Class
CM2 - CM2 Commercial
Parking
51 Spaces (2.89 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Bus Route
- Conferencing Facility
- Property Manager on Site
- Security System
- Skylights
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Plug & Play
- Reception
- Wi-Fi
- Air Conditioning
Walk Score®
Easily Walkable (78)
Bike Score®
Ideal For Cyclists (93)
PROPERTY TAXES
| Parcel Number | R285361 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,354,735 |
PROPERTY TAXES
Parcel Number
R285361
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,354,735
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
The 4949 Building | 4949 S MacAdam Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.