7910-7916 SE Division St
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7910-7916 SE Division St
4,294 SF 100% Leased Retail Building Portland, OR 97206 £1,096,710 (£255/SF) 8% Net Initial Yield
Investment Highlights
- PRIME MIXED-USE INVESTMENT OPPORTUNITY The property offers two retail suites with stable, long-term leases extending beyond 5 years with 3% annual inc
- EXCEPTIONAL WALKABILITY & TRANSIT ACCESS The area boasts a Walk Score® of 85, and a Transit Score® of 52, ensuring good public transportation options.
- SELLER FINANCING AVAILABLE! While all offers are entertained, the broker would be happy to provide a quote for a carried note.
- THRIVING MARKET WITH STRONG GROWTH POTENTIAL This property is well-positioned in a submarket experiencing a 13% year-overyear increase in sale volume,
- CULTURAL & DEMOGRAPHIC HUB OF SOUTHEAST PORTLAND Located in the Jade District of Southeast Portland, this property benefits from a thriving cultural a
Executive Summary
-Three tenant Mixed Use Retail Storefront downstairs and single dwelling upstairs
-Entirely overhauled, effectively brand new apartment upstairs and air conditioning
-No further action recommended from the Phase I ESA
-Leases in place have between 4-6 years left each, with standard escalations.
-Entirely overhauled, effectively brand new apartment upstairs and air conditioning
-No further action recommended from the Phase I ESA
-Leases in place have between 4-6 years left each, with standard escalations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,294 SF
Building Class
C
Year Built
1966
Price
£1,096,710
Price Per SF
£255
Net Initial Yield
8%
NOI
£87,737
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.47
Land Acres
0.21 AC
Zoning
CM2 - Zoned CM2, this allows for downstairs Storefronts, and complementary to that is an upstairs single-unit apartment approx. 1,294 sf 3bd 1.5bt
Parking
10 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
187 ft on Division St
Amenities
- Bus Route
- Signage
Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R332532 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £285,059 |
PROPERTY TAXES
Parcel Number
R332532
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£285,059
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7910-7916 SE Division St
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