Listed by Capacity Commercial Group
$2,814,350
John Ross Retail Condo
Details
Property Type Retail
Sub Type Bank, Restaurant
Square Footage 8,041
Units 2
Cap Rate 6.70%
NOI $188,841
Tenancy Multi
Price per SqFt $350
Class B
Year Built 2007
Buildings 1
Stories 1
FOR SALE | Rare Owner-User/Investment Opportunity for Retail Condo on Portland's South Waterfront
Marketing description
Retail Condo in Portland's Highly Sought After South Waterfront!
Owner-User / Investment Opportunity
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Space A-3 (Fully Leased)
Total Space: 8,041 SF
Sales Price: $2,814,350 ($350/sf)
Actual NOI: $188,841
Actual CAP: 6.70%
Investment highlights
Retail Condo Located Within The John Ross Mixed-Use Condominium Building - LEED Certified - Built 2007
High Traffic Area with Over 2,250 Apartment/Condo Units in the South Waterfront District
Fantastic Owner-User or Investment Opportunity with 2 Vacant Spaces and 1 Fully Leased
Nearby I-5, Highway 43, Highway 26 as well as Portland Street Car Line, MAX Light Rail Orange Line
Listing Contacts
Listed by Capacity Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$188,841.00
$15,736.75/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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