10101 SW Washington Square Rd - Bank FOR SALE
Portland, OR 97223 |
$2,100,000 USD
404-441-3849
10101 SW Washington Square Rd
Portland, OR 97223
HIGHLIGHTS
- Investment-Grade Tenant | Bank of America (NYSE: BAC; S&P: A+; Fortune 500: #29)
- NNN Ground Lease | Huge Upside | Only One 10-Year Option to Renew | Extraordinary Rent Escalations
- If Bank of America (Deposits: $152.1M) exercises their option in 2026, an investor will enjoy a 25% increase in rent.
- Excellent Access & Visibility | SW Greenburg Road (11,297 VPD) | SW Beaverton Tigard Freeway (107,854 VPD)
- Outparcel to the 1.3 MSF Washington Square Center | Welcomed 1.7M visitors across 5.2M visits over the past 12 months (Placer.ai)
- Less Than 7 Miles to Downtown Portland | Portland, OR MSA (MSA Population: 2.59M+)
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 1.3-year NNN Bank of America ground lease situated on 0.83 acres in Portland, Oregon (MSA Population: 2.59M+). Bank of America‘s 5,378-square-foot building was constructed in 1976 and only has one 10 year option to renew giving an investor possible upside based on the residual value of the site. If Bank of America (Deposits: $152.1M) exercises their option in 2026, an investor will enjoy a 25% increase in rent.
FOR SALE DETAILS
PRICE
$2,100,000 USD
PRICE/SF
$211 USD /SF
CAP RATE
4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bank of America
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,155 SF
ZONING
MUC
APN/PARCEL ID
R0952892
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404-441-3849
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404-441-3849
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