2236-2400 SE 182nd Ave - Freestanding FOR SALE
Portland, OR 97233 |
2236-2400 SE 182nd Ave
Portland, OR 97233
HIGHLIGHTS
- Hard corner of two prominent arterials running through the East Portland/Gresham submarkets.
- Stabilized center at 97% occupancy leased to a dynamic mix discount retail, food, fitness, education, and personal services.
- The Property is being offered well below replacement cost at $179 PSF, allowing an owner to stay competitive on renewals and push rents.
- Over half of the tenants executed substantial extensions over the last few years, including a 10-year Dollar Tree extension in 2021.
- High-density surrounding residential with over 310K residents within a five-mile radius with an average household income of $89K.
- 36% of GLA has been occupied by the same tenancy for over 20 years and 80% for over 10 years.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Rockwood Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
92677
STORIES
1
YEAR BUILT
1962
SPRINKLERS
-
PARKING SPACES
420
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
R337662
