Centennial Plaza FOR SALE


Portland, OR - Centennial
$2,900,000 USD
503-246-4045
, Portland, OR for Sale
$2,900,000 USD
FOR SALE
1/4
null | 5.97% Cap Rate

Centennial Plaza
Portland, OR
Centennial


HIGHLIGHTS

  • Varied asset types offer reduced income stream risk, metal roof on some of buildings, updated siding on all buildings.

OVERVIEW

Excellent opportunity to own a four building complex with terrific upside in leasinig soon to be vacant office and industrial use buildings. Or, good opportunity for owner/user to occupy up to half of the premises accommodating own office or warehouse needs. 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- Existing industrial operator for last 25 years. Can divide approx. 5,600 sf building into 3 units. Heavy power and 5 OH doors. Bldg C- Existing office occupant, Centennial SD, vacated January, 2026. Two story office with elevator, two kitchens, laundry, many large classrooms, offices. 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.

ASK ABOUT THIS PROPERTY

Mike DevlinDevlin PropertiesMore Info
503-246-4045

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

Mike DevlinDevlin PropertiesMore Info
503-246-4045

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