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Shopping Strip

4140 Westcliff

4140 Westcliff Dr, Hood River, OR 97031

Listing Price: $2,300,000

Cap Rate
5.62%
Gross SF
5,800
Rentable SF
5,517
Price/Gross SF
$396.55
Lot Size
0.58 acres
Year Built
1989

Investment Overview

4140 Westcliff represents an excellent investment opportunity in Hood River, Oregon. The two-unit front building is 100% leased by Farm Grass Table ("FGT"), one of the top marijuana dispensary in Hood River, through January 2029. FGT sublets space to a barber shop in one of the two suites and has been granted two 3-year extension options.

The rear building is well constructed consisting of highly desirable warehouse/of?ce space, has 13-foot clear-span ceiling height, two 10-foot garage doors, a 200 square foot of?ce space, and a bathroom with a shower. This building was recently leased at $1.25 per square foot to Gorge PDX Shuttle and Footworx beginning May 2024 through April 2029 with one 5-year extension option.

Investment Highlights

  • Exceptional Property and Monument Sign Visibility from Interstate Highway (I-84)
  • Easy Access Off I-84 at Exit 62
  • 26 Off-Street Parking Spaces, 4.73/1,000 SF Parking Ratio
  • 60 Minutes East of Portland
  • Within Urban Growth Boundary & Westside Urban Renewal District

Exclusively Listed By

Financing By

Shopping Strip

4140 Westcliff

Listing Price: $2,300,000

Cap Rate
5.62%
Gross SF
5,800
Rentable SF
5,517
Price/Gross SF
$396.55
Lot Size
0.58 acres
Year Built
1989

Investment Highlights

  • Exceptional Property and Monument Sign Visibility from Interstate Highway (I-84)
  • Easy Access Off I-84 at Exit 62
  • 26 Off-Street Parking Spaces, 4.73/1,000 SF Parking Ratio
  • 60 Minutes East of Portland
  • Within Urban Growth Boundary & Westside Urban Renewal District

Investment Overview

4140 Westcliff represents an excellent investment opportunity in Hood River, Oregon. The two-unit front building is 100% leased by Farm Grass Table ("FGT"), one of the top marijuana dispensary in Hood River, through January 2029. FGT sublets space to a barber shop in one of the two suites and has been granted two 3-year extension options. The rear building is well constructed consisting of highly desirable warehouse/of?ce space, has 13-foot clear-span ceiling height, two 10-foot garage doors, a 200 square foot of?ce space, and a bathroom with a shower. This building was recently leased at $1.25 per square foot to Gorge PDX Shuttle and Footworx beginning May 2024 through April 2029 with one 5-year extension option.

Exclusively Listed By

Financing By

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