3900 N Mississippi Ave - Storefront Retail/Office FOR SALE


Portland, OR 97227- Boise
$10,900,000 USD
503-421-4121
3900 N Mississippi Ave, Portland, OR for Sale
$10,900,000 USD
Storefront Retail/Office - FOR SALE
1/32
null | 5.98% Cap Rate

3900 N Mississippi Ave
Portland, OR 97227
Boise


HIGHLIGHTS

  • Net Leased Property with Diversified Tenants (100% Leased)
  • Located in a Premier Portland Retail Neighborhood
  • 5.98% Proforma Cap on $652k Proforma NOI
  • Strong Tenants with Five (5) Recent Lease Renewals
  • High Average Remaining Years of Lease (4 Years 3 Months)
  • ±6,200 Average Daily Vehicle Traffic + abundant Foot Traffic

OVERVIEW

Chateau Mississippi represents an opportunity to acquire the premier retail asset in the coveted Mississippi District on Portland’s eastside. Located at the center of this vibrant shopping district, Chateau Mississippi includes 19,900 NRSF demised for 12 tenants (100% Leased). Unique property features include a festive plaza, which accommodates seasonal outdoor dining, and second floor balconies overlooking the streetscape. The irreplaceable central location and distinctive features make this asset the top choice for tenants looking to locate on Mississippi Ave. Chateau Mississippi offers investors a multi-tenant, net leased asset with a diversified tenant base in a premier location providing stable, long-term investment income.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$358 USD /SF

CAP RATE

5.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

N Failing St

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

EXD

APN/PARCEL ID

R223687

ASK ABOUT THIS PROPERTY

Gary GriffCushman & Wakefield of Oregon, Inc.More Info
503-421-4121

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Gary GriffCushman & Wakefield of Oregon, Inc.More Info
503-421-4121

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