Excellent opportunity to own a four building complex with new leases signed by experienced day care operator and seasoned industrial tenant. Upside in lease extensions and renewals. One of townhouses to be vacated in Sept., 26.
Bldg A- 3 seasoned retail operators on staggered lease obligations at market rent. Approx. 4,400 sf total. Can divide one of units into two.
Bldg B- 25 year tenant on new 3 year lease for half of building. Heavy power and 5 OH doors. Recently signed new tenant at South end of building. Now fully leased, as small space at North end of building reserved for owner's storage. Separate meters fo heat/lights.
Bldg C- Fully leaed recently to experienced day care operator. Two story office with elevator, two kitchens, laundry, many large classrooms, offices. Many improvements being performed to satisfy occupancy permit. Former home of Centennial School District.
Bldg D- Four unit townhouse building. All units offer garages, w/d hookups, back decks, many recent updates.
Varied product type provides lower vacancy risk.
Price: $2,900,000. Excellent value at $150/sf.
Stable rental history throughout. Located on major arterial just South of SE Division Street. 4 buildings cover two tax lot parcels. Many recent updates in HVAC units. Some metal roofs. Please do not disturb occupants
Walk thrus available for office and industrial buildings. Please call Mike Devlin, Devlin Properties at 503-901-5407 to schedule an appointment.