Office
205 Business Center
8383 NE Sandy Blvd, Portland, OR 97220
Listing Price: $3,750,000
Investment Overview
The 205 Business Center at 8383 NE Sandy Blvd. in Portland, Oregon's Madison South district is a four story multi-tenant of?ce building with a Net Rentable Area of nearly 28,000 SF and large parking lot. The asset is currently leased at 92.27%occupancy and consists of a mix of professional tenants with varying lease lengths. Situated on a single lot totalling 1.49 acres, the majority of the site features commercial mixed-use CM2 zoning with an auxiliary 10,000 SF parking lot on the NE corner of the lot zoned RM1 for high density residential use. This rectangular portion of the lot may be developed separaely, buyer to perform all due dilligence. Directly across NE Sandy Blvd from The 205 Business Center's 300 linear feet of frontage is the entrance to The Grotto, a 62 acre outdoor shrine and sanctuary at the foot of a 110 foot cliff of?cially called The National Sanctuary of our Sorrowful Mother.
205 Business Center
Investment Highlights
- 8% in place cap rate with three year rent guarantees on vacant leasable spaces
- 30,801 square foot multi tenant of?ce building with large parking lot
- 300 feet of frontage on NE Sandy Blvd across from The Grotto
- Well maintained building with many Long term tenants and low historic vacancy
- Future development potential with 1.5 acres zoned for mixed use (CM2) on busy thorofare
Exclusively Listed By
Financing By
Listing Price: $3,750,000
Investment Highlights
- 8% in place cap rate with three year rent guarantees on vacant leasable spaces
- 30,801 square foot multi tenant of?ce building with large parking lot
- 300 feet of frontage on NE Sandy Blvd across from The Grotto
- Well maintained building with many Long term tenants and low historic vacancy
- Future development potential with 1.5 acres zoned for mixed use (CM2) on busy thorofare
Investment Overview
The 205 Business Center at 8383 NE Sandy Blvd. in Portland, Oregon's Madison South district is a four story multi-tenant of?ce building with a Net Rentable Area of nearly 28,000 SF and large parking lot. The asset is currently leased at 92.27%occupancy and consists of a mix of professional tenants with varying lease lengths. Situated on a single lot totalling 1.49 acres, the majority of the site features commercial mixed-use CM2 zoning with an auxiliary 10,000 SF parking lot on the NE corner of the lot zoned RM1 for high density residential use. This rectangular portion of the lot may be developed separaely, buyer to perform all due dilligence. Directly across NE Sandy Blvd from The 205 Business Center's 300 linear feet of frontage is the entrance to The Grotto, a 62 acre outdoor shrine and sanctuary at the foot of a 110 foot cliff of?cially called The National Sanctuary of our Sorrowful Mother.
Exclusively Listed By
Financing By
