12215 SE Powell Blvd - Freestanding FOR SALE


Portland, OR 97236
$3,663,241 USD
503-972-5406
12215 SE Powell Blvd, Portland, OR for Sale
$3,663,241 USD
Freestanding - FOR SALE
1/8
null | 7.25% Cap Rate

12215 SE Powell Blvd
Portland, OR 97236


HIGHLIGHTS

  • Over 6 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Powell Villa (75,000 SF) | Division Center (113,000 SF) |David Douglas High School | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group in collaboration with NAIElliot is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, freestanding, Octapharma Plasma investment property located in Portland, Oregon. The tenant, Octapharma Plasma has over 6 years remaining on their current lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features varying rental increases starting in Jan 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,663,241 USD

PRICE/SF

$274 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Octapharma | 6+yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

CM1

APN/PARCEL ID

1S2E11BC-10900,1S2E11BC-11000

ASK ABOUT THIS PROPERTY

Ashton SummersSRS National Net LeaseMore Info
503-972-5406

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

Ashton SummersSRS National Net LeaseMore Info
503-972-5406

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