13116 NE Sandy Blvd - Storefront Retail/Office FOR SALE


Portland, OR 97230
$2,611,550 USD
503-914-4762
13116 NE Sandy Blvd, Portland, OR for Sale
$2,611,550 USD
Storefront Retail/Office - FOR SALE
1/33
null | 7.56% Cap Rate

13116 NE Sandy Blvd
Portland, OR 97230


HIGHLIGHTS

  • Property is 100% leased
  • Great exposure on a busy street
  • Significant potential for increased returns through raising rents
  • The strip mall features a diverse mix of tenants, impressive curb appeal, and ample parking
  • The adjacent lot is available and must close simultaneously. Listed at $500,000.

OVERVIEW

OPPORTUNITY FOR EXPANSION: A framed and roofed 350 sq. ft. storage room can be converted into RENTABLE SPACE.: 350 Sq. Ft storage, which is framed and roofed could be finished into additional Rentable Square Footage. This property is available for sale only in conjunction with the neighboring corner lot, and both transactions will occur simultaneously. The property is an owner-managed income property, consisting of a well-maintained strip mall with 8 tenants across 2 buildings, all of whom are currently fully leased. There is significant potential for increased returns through raising rents, as the current lease rates are below market value. Situated on a highly visible location along a bustling arterial street, just minutes away from Costco, this property boasts excellent accessibility via Sandy Blvd and NE 131st Ave. With ample street frontage and prominent visibility, it presents an attractive investment opportunity. This property also offers a favorable return on investment and has the potential for increased income through additional investment, such as expanding into the adjacent vacant lot. The strip mall features a diverse mix of tenants, impressive curb appeal, and ample parking, making it a compelling investment option.

FOR SALE DETAILS

PRICE

$2,611,550 USD

PRICE/SF

$149 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13116 NE Sandy Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

CM1, Portland

APN/PARCEL ID

R249874

ASK ABOUT THIS PROPERTY

Cornell MannGreat Western Real Estate CoMore Info
503-914-4762

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Cornell MannGreat Western Real Estate CoMore Info
503-914-4762

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