8235 SW Oleson Rd - Office/Residential FOR SALE


Portland, OR 97223- Raleigh Hills
$695,000 USD
503-246-4045
8235 SW Oleson Rd, Portland, OR for Sale
$695,000 USD
Office/Residential - FOR SALE
1/16
null | Request Cap Rate

NEW


8235 SW Oleson Rd
Portland, OR 97223
Raleigh Hills


HIGHLIGHTS

  • Excellent signs on busy SW Portland arterial
  • Ample natural light and new window coverings
  • Two of three office units feature kitchens and bathrooms with shower.

OVERVIEW

Seasoned tenant currently occupies all three office units and has recently given notice to vacate two units by May 5 and scheduled to vacate the balance by June 1 . Occupant is a counseling group. Please do not disturb occupants. Please call Mike Devlin at 503-901-5407 to arrange walk thru of premises interior. Walk thrus available only Friday 8-9:30 am or after 5pm, all day Sunday and after 5pm on Monday due to nature of occupant's activities. Suite A: Approx. 750 sf comprised of two large private offices, large reception area, kitchen and bathroom with shower. Suite B: Approx. 750 sf consisting of small reception area, three large private office, restoom and access to adjacent single vehicle garage. Suite C: 2nd floor office approx. 1,500 sf with large reception area, three large private offices, kitchen, restroom with shower, additional approx. 350 sf of useable loft area. Asking price: $695,000. Existing occupant is currently holding over and paying $4,408/month rent on a gross lease basis. Current property taxes= $6,922/yr. Excellent value per sq. ft: 3,000 sf @ $220/sq= $660,000 plus add garage/loft area of approx. 500 sf @$100/sf= $50,000 for a total of $710,000

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Oleson Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-9, County

APN/PARCEL ID

R0225278

ASK ABOUT THIS PROPERTY

Mike DevlinDevlin PropertiesMore Info
503-246-4045

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Mike DevlinDevlin PropertiesMore Info
503-246-4045

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