402 N State St - Storefront FOR SALE
Lake Oswego, OR 97034 |
402 N State St
Lake Oswego, OR 97034
HIGHLIGHTS
- GENERATIONAL PROPERTY - The Rogers Building has not sold for more than 50 years.
- GREAT EXPOSURE - The Rogers Building is ideally located at the entrance to downtown Lake Oswego, Portland’s most affluent suburb.
- LONG TERM TENANTS (100% LEASED) - All tenants have been at the property for a number of years, 4 of them for more than 10 years.
- SHORT TERM LEASES - Short leases enable owner-user investment or property redevelopment potential.
- EXCELLENT VALUE ADD - The existing short-term leases will allow a new owner to increase income by marking rents to market, or incorporating NNN leases
- OUTSTANDING DEMOGRAPHICS - 87,166 residents within 3-miles of the property with an average household income of $128,701.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
The Rogers Building
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
9378
STORIES
1
YEAR BUILT
1925
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
00198440
