Retail Space /OR /Yamhill County /Newberg /2316 E Portland Rd
Retail Space /OR /Yamhill County /Newberg /2316 E Portland Rd

2316 E Portland Rd - Storefront Retail/Office FOR SALE


Newberg, OR 97132 | 
$2,600,000 USD
503-896-8861
2316 E Portland Rd, Newberg, OR for Sale
$2,600,000 USD
Storefront Retail/Office - FOR SALE
1/44
null | 6.35% Cap Rate
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2316 E Portland Rd
Newberg, OR 97132

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HIGHLIGHTS

  • 6 total suites
  • 3,000 SF second-generation restaurant vacancy
  • Blended in-place rents below market in select suites
  • Expense recoveries in place to protect NOI
  • Staggered lease expirations create mark-to-market opportunity

OVERVIEW

Vintage Square Center Investment Opportunity Purchase Price $2,600,000 ($296/SF) Total Building Area 8,781 SF Current Base Rent (Occupied): $100,000/Yr Potential Gross Income (Stabilized): $186,000/Yr Projected Stabilized NOI: $165,000+ Projected Stabilized Cap Rate: 6.3%–6.7%

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vintage Square Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2-Commercial

APN/PARCEL ID

56389

ASK ABOUT THIS PROPERTY

Tim PhommanyCapacity Commercial Group LLCMore Info
503-896-8861

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Tim PhommanyCapacity Commercial Group LLCMore Info
503-896-8861

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