5013-5027 NE 42nd Ave - Freestanding FOR SALE


Portland, OR 97218- Concordia
$2,100,000 USD
503-972-7277
5013-5027 NE 42nd Ave, Portland, OR for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

5013-5027 NE 42nd Ave
Portland, OR 97218
Concordia


HIGHLIGHTS

  • 7% cap rate
  • High visibility location (3,600+ daily traffic count)
  • Walk-friendly location

OVERVIEW

Sale-leaseback investment opportunity in a prime Portland location. A long-term NNN lease will be executed between Buyer and Seller prior to close, with lease terms negotiable and structured to target a 7.0% cap rate. Building information and financials are available upon execution of an NDA. The property is a two-tenant investment featuring the Seller’s leaseback along with an established neighboring tenant. Oakshire Brewing is a well-established, successfully operating brewery approaching its 20th year in business. The sale of the real estate allows the company to unlock equity and redeploy capital to support continued growth. Prominent frontage along NE 42nd Avenue offering excellent visibility, strong traffic exposure, and a highly walkable surrounding district.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,000 SF

ZONING

CM2

APN/PARCEL ID

R316189

ASK ABOUT THIS PROPERTY

Clayton MadeyMacadam Forbes, Inc.More Info
503-972-7277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Clayton MadeyMacadam Forbes, Inc.More Info
503-972-7277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.