8383 NE Sandy Blvd - Medical FOR SALE


Portland, OR 97220
$2,900,000 USD
503-314-1099
8383 NE Sandy Blvd, Portland, OR for Sale
$2,900,000 USD
Medical - FOR SALE
1/18
null | 6.51% Cap Rate

8383 NE Sandy Blvd
Portland, OR 97220


OVERVIEW

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)

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

205 Business Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

195

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

CM2

APN/PARCEL ID

R261798

ASK ABOUT THIS PROPERTY

Jason VanAbramsCapacity Commercial Group LLCMore Info
503-314-1099

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Jason VanAbramsCapacity Commercial Group LLCMore Info
503-314-1099

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