4610-4640 Beaverton Hillsdale Hwy, Portland, OR 97221
17,421 SF | 100% Leased | Retail Building | Portland, OR 97221 | $3,610,000 ($207/SF) | 5.59% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,610,000
- Property Type
-
Retail
- Square Feet
- 17,421 SF
- Price / Square Foot
- $207
Listing Contacts
Ryan O'Leary
Verified Profile
Rebecca O'Leary
Verified Profile
- Property Info
Property Overview
Seller Financing Available! Multi-tenant neighborhood investment with $120k average household income. The 17,421 SF commercial center is 90% occupied with full NNN leases and annual increases. The nine-unit investment is comprised of a mix of retail and office tenants which benefits from average daily traffic counts over 26K cars per day, amazing visibility, and signage, off street parking and its location in a dense residential neighborhood with a population of over 123K within 3-miles.
Property Details
- Class
- C
- Year Built
- 1959
- Stories
- 2
- Property Subtype
- Storefront Retail/Office, Freestanding, Storefront, Medical
- Lot Size (sq. ft)
- 20,909 SF
Highlights
- All tenants operate on NNN leases, allowing for reimbursement of management fees and amortized capital expenses.
- A majority of the tenants have built-in 3% annual increases.
- The property boasts a high historical occupancy and is currently 100% leased with a diverse of local retail and office tenants.
- The site is situated along SW Beaverton Hillsdale Highway and visible in both east and west directions of travel. Average daily traffic of 26k CPD
- The property is in an affluent Portland neighborhood with a population of 123,902 within 3-miles and an average household income of $145,649 w/in 1-mi
- The property benefits from both 21 off-site and many curb-front parking spaces providing direct access to all tenant suites.
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