421-491 NE Burnside Rd - Freestanding FOR SALE


Gresham, OR 97030- Gresham-North Central
$3,500,000 USD
503-661-8000
421-491 NE Burnside Rd, Gresham, OR for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/10
null | 6.65% Cap Rate

421-491 NE Burnside Rd
Gresham, OR 97030
Gresham-North Central


HIGHLIGHTS

  • High Traffic Location
  • Fully Leased
  • NNN Leases
  • Updated Interiors & Exterior

OVERVIEW

This well established, well maintained, and fully leased multi-tenant commercial property in Gresham, OR offers a strong investment opportunity. Featuring 7 fully leased spaces, the property is home to a diverse mix of tenants; Retail, Personal Services, and Food Services. Cascadia Center is located in a highly visible location along NE Burnside Rd, a main Gresham throughway. Gresham High School, Les Schwab, Rivermark Bank, Auto Zone, and Goodwill, along with many popular fast food and food service businesses, surround the complex. Travelers to Mt. Hood and Central Oregon use NE Burnside Rd to reach their destinations. To the North is a large residential neighborhood. This location truly captures both local and commuter traffic. There are 37 parking spaces fronting Cascadia Center with driveway access from both NE Burnside Rd. and signaled NE Kelly Avenue. The stable rent roll offers a reliable income stream and a solid return on investment. This is a rare opportunity to own a fully leased, income generatingasset in a prime location, just down the street from incoming Trader Joe's.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

CC

APN/PARCEL ID

R337429

ASK ABOUT THIS PROPERTY

Sue O'HalloranKohler Meyers O'HalloranMore Info
503-661-8000

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

Sue O'HalloranKohler Meyers O'HalloranMore Info
503-661-8000

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