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Shopping Strip

2520 SE 145th Ave

2520 SE 145th Ave, Portland, OR 97236

Listing Price: $2,350,000

Cap Rate
3.61%
Gross SF
7,488
Rentable SF
7,488
Price/Gross SF
$313.84
Lot Size
0.65 acres
Year Built
1999

Investment Overview

Fred Meyer Retail Shops is a value add, retail strip center, anchored by one of the strongest grocers in the marketplace. Marcus & Millichap has been exclusively selected to market for sale the Fred Meyer Retail Shops located at 2520 SE 147th Street in Portland, Oregon. The property was built in 1999 and consists of four (4) retail suites totaling 7,488 square feet with 55 parking spaces. The property has one expiring and one vacant unit. The other two tenants have renewed leases and are in good standing. The building is in good condition with all major systems in good working order. The property presents an investor with the opportunity to acquire a well-located pad site to Fred Meyer with strong upside in leasing up the vacant units. This offering is also well suited for an owner/user to come in and occupy the two vacant suits which are adjoining.

Investment Highlights

  • Fred Meyer (Kroger) Pad Site
  • Replaceable Rents in Strong Location on Hard Corner
  • Value-Add with Strong Pro-Forma Returns
  • Owner/User Potential
  • Well Maintained Building with Ample Parking

Exclusively Listed By

Shopping Strip

2520 SE 145th Ave

Listing Price: $2,350,000

Cap Rate
3.61%
Gross SF
7,488
Rentable SF
7,488
Price/Gross SF
$313.84
Lot Size
0.65 acres
Year Built
1999

Investment Highlights

  • Fred Meyer (Kroger) Pad Site
  • Replaceable Rents in Strong Location on Hard Corner
  • Value-Add with Strong Pro-Forma Returns
  • Owner/User Potential
  • Well Maintained Building with Ample Parking

Investment Overview

Fred Meyer Retail Shops is a value add, retail strip center, anchored by one of the strongest grocers in the marketplace. Marcus & Millichap has been exclusively selected to market for sale the Fred Meyer Retail Shops located at 2520 SE 147th Street in Portland, Oregon. The property was built in 1999 and consists of four (4) retail suites totaling 7,488 square feet with 55 parking spaces. The property has one expiring and one vacant unit. The other two tenants have renewed leases and are in good standing. The building is in good condition with all major systems in good working order. The property presents an investor with the opportunity to acquire a well-located pad site to Fred Meyer with strong upside in leasing up the vacant units. This offering is also well suited for an owner/user to come in and occupy the two vacant suits which are adjoining.

Exclusively Listed By

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