Mixed-Use

The Campa Building

1960 SE Hawthorne Blvd, Portland, OR 97214

Listing Price: $4,500,000

Cap Rate
2.49%
Number of Units
6
Occupancy
48.0%
Price/Unit
$750,000
Price/Gross SF
$353.47
Gross SF
12,731

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a mixed-use property, The Campa Building, located at 1930 Southeast Hawthorne Boulevard in Portland, Oregon. With a mix of retail and creative office on the ground floor and apartments above, this offering provides an investor an opportunity to acquire three of Portland’s most coveted asset classes in one of its most high-profile, hip, urban-infill neighborhoods. With an ongoing appeal to millennials leading to significant in-migration, investors continue to express confidence in Portland’s urban submarkets and for all three asset classes the subject property possesses. Southeast Hawthorne Boulevard is a highly walkable street full of cafes, boutiques and vintage shops while being just 10 minutes from Downtown Portland. There is a mix of local, regional and national tenants in this eclectic neighborhood which also includes many mixed-use and multifamily properties. For millennials and other young professionals moving to Portland, it is among one of Portland’s most desirable neighborhoods which explains in part the ongoing rent appreciation and there being little vacancy in the submarket. The recent availability of the office space provides an office owner/user with a unique opportunity to purchase a property with a diverse income stream in a great neighborhood that is likely to experience significant appreciation overtime, which leads to a ever decreasing occupancy cost for the new owner/occupant. Located at the corner of 19th and Southeast Hawthorne, not only does the subject property benefit from its proximity within hip urban “Portlandia”, it’s also at the entrance to the affluent “Ladd’s Addition” neighborhood. This offering presents an investor the rare opportunity to acquire an asset with a diversified income stream in one of Portland’s best neighborhoods.

Investment Highlights

  • Mixed-Use Urban Infill Asset in one of Portland's Most Recognizable Neighborhoods
  • Rare Opportunity to buy into Portland's Desirable Hawthorne Neighborhood
  • Ground floor office vacancy provides unique owner-user opportunity

Exclusively Listed By

Listing Price: $4,500,000

Cap Rate
2.49%
Number of Units
6
Occupancy
48.0%
Price/Unit
$750,000
Price/Gross SF
$353.47
Gross SF
12,731

Investment Highlights

  • Mixed-Use Urban Infill Asset in one of Portland's Most Recognizable Neighborhoods
  • Rare Opportunity to buy into Portland's Desirable Hawthorne Neighborhood
  • Ground floor office vacancy provides unique owner-user opportunity

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a mixed-use property, The Campa Building, located at 1930 Southeast Hawthorne Boulevard in Portland, Oregon. With a mix of retail and creative office on the ground floor and apartments above, this offering provides an investor an opportunity to acquire three of Portland’s most coveted asset classes in one of its most high-profile, hip, urban-infill neighborhoods. With an ongoing appeal to millennials leading to significant in-migration, investors continue to express confidence in Portland’s urban submarkets and for all three asset classes the subject property possesses. Southeast Hawthorne Boulevard is a highly walkable street full of cafes, boutiques and vintage shops while being just 10 minutes from Downtown Portland. There is a mix of local, regional and national tenants in this eclectic neighborhood which also includes many mixed-use and multifamily properties. For millennials and other young professionals moving to Portland, it is among one of Portland’s most desirable neighborhoods which explains in part the ongoing rent appreciation and there being little vacancy in the submarket. The recent availability of the office space provides an office owner/user with a unique opportunity to purchase a property with a diverse income stream in a great neighborhood that is likely to experience significant appreciation overtime, which leads to a ever decreasing occupancy cost for the new owner/occupant. Located at the corner of 19th and Southeast Hawthorne, not only does the subject property benefit from its proximity within hip urban “Portlandia”, it’s also at the entrance to the affluent “Ladd’s Addition” neighborhood. This offering presents an investor the rare opportunity to acquire an asset with a diversified income stream in one of Portland’s best neighborhoods.

Exclusively Listed By

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