11740 SW 72nd Ave - Apartments FOR SALE


Tigard, OR 97223
$13,500,000 USD
503-225-8487
11740 SW 72nd Ave, Tigard, OR for Sale
$13,500,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

11740 SW 72nd Ave
Tigard, OR 97223


HIGHLIGHTS

  • Rooftop Patio
  • Community Lounge
  • Fire Pit
  • Fitness Studio
  • Common Area WiFi

OVERVIEW

Norris & Stevens Inc., as the exclusive listing agent, is pleased to present for purchase, The 72nd Apartments, a five-story mixed-use building in the heart of the Tigard Triangle. Spacious units with a mix of studio, one, two, and three-bedroom floor plans ranging from 517 square feet up to 1,561 square feet, plus four ground floor /office suites. There is an 18-stall underground parking garage (with EV charging), with an additional 24 off-street spaces, including 12 carports and 12 surface spaces. • Delivered in Q1 of 2020 • 38 apartment units +4 ground floor retail/office units • Located in Washington County • 6 years remaining on 80% property tax abatement • Common area amenities on 5th floor include: Community room, Rooftop patio, Hot tub, Fitness center

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

38

PRICE/UNIT

$355,263

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 72nd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2020

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

TMU

APN/PARCEL ID

R0285603

ASK ABOUT THIS PROPERTY

David ChatfieldNorris & Stevens, Inc.More Info
503-225-8487

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David ChatfieldNorris & Stevens, Inc.More Info
503-225-8487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.