Capacity Commercial Group is pleased to exclusively present the unique opportunity to acquire a premier multi-tenant office building in Portland, Oregon.
• 30,801 square foot multi-tenant office building with a large parking lot
• 300 feet of frontage on NE Sandy Blvd across from The Grotto
• Well maintained with many long-term tenants and low historic vacancy
• Future development potential with 1.5 acres zoned for mixed-use (CM2) on a busy thoroughfare
PROPERTY OVERVIEW
Address: 8383 NE Sandy Blvd, Portland, OR 97220
Asset Type: Multi-tenant Office Building
Gross Building Area: ± 30,801 SF
Rentable Area: 27,805 SF
Year Built: 1980
Parking Spaces: 195 Surface | 6.89/1,000 SF
Gross Land Area: ±1.49 Acres (±64,904 SF)
Parcel ID: # R261798
Property Zoning: Combination: Commercial Mixed Use 2 (CM2h(MU-C)) and Residential Multi-Dwelling (RM1h)
NOI: $188,846
CAP Rate: 6.51%
Average Rent: $17 /SF
Sale Price $2,900,000 ($104.30 /SF)