Gateway Multi-Tenant Retail Investment
Property Details
Price
$3,000,000
Building Size
24,426 SF
Property Details
Street Retail
Total Lot Size
1.59 Acres
Year Built
1971
Description

Outstanding Eastside investment opportunity: a 24,426 SF retail/service building with partial renovations in 2021 and 2025, CX zoning, 100% occupancy, and solid long-term tenants. The property offers stable income and potential to shift to higher-yield net leases - an ideal addition to a savvy investor’s portfolio.

Highlights
Well established multi-tenant retail center leased to four tenants, three of which have been in-place for nine years or more.
Tenants range in size from 4,500 SF to 7,500 SF and include Edelen Doors & Windows, Carpet Kingdom, Brazilian Top Team Striking & Grappling Academy, and Atomic Auto.
Property includes 2,500 SF of grade level warehouse occupied rent-free by a general contractor acting in the capacity of caretaker.
Under market gross leases provide the opportunity to add value over time by converting to net leases and increasing income.
Easily accessible location in Portland's Gateway Neighborhood, blocks from the intersection of I-205, I-84, and the TriMet Light Rail Transit Station.
Excellent drive-by exposure with 415' of frontage on NE 102nd Avenue and a traffic count of 10,316 cars per day average.
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Brokers

Rod Brokenshire
Broker
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