Listed by Macadam Forbes
Unpriced
4938 & 4946 Northeast 109th Avenue & 10928 NE Killingsworth
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 11,800
Brand/Tenant Portland Spray Works, Flight Cafe LLC
Buildings 4
Acreage 0.660
Zoning CE – Commercial Employment
Investment Type Owner/User
Ceiling Height 16’-18’
Industrial | 11,800 SqFt
Marketing description
This four-building industrial property offers a unique opportunity as a pure investment or owner-user looking to occupy 2,800 square feet of industrial space and benefit from some rental income from the other two buildings.
The buildings are clear span and very functional for many types of different users offering grade level loading, 16’-18’ clear height and 3 phase power.
The Seller was an owner-occupant of 10928 NE Killingsworth Bldg A and will vacate at closing.
Portland Spray works has been a long-term tenant and recently renewed the lease to $3,500.00 month. Seller elected to lease on a month-to-month to keep flexibility to the new buyer. We believe the tenant would sign a longer-term lease if requested by the Buyer.
Off NE Sandy Blvd, near I-205 and the Portland International Airport.
Investment highlights
- 4938 NE 109th Ave
- Tenant: Portland Spray Works
- 3,000 SF Free Standing Building
- Rent: $3,500 per month
- Month-to-month: recently renewed lease rate (long-term tenant)
- 4946 NE 109th Ave
- Tenant: Flight Cafe LLC
- 3,000 SF Free-Standing Building
- 700 SF Office, 1 grade door, 3-phase power
- Rent: $3,500 per month with CPI increase
- Lease Expires: February 28, 2029
- 10928 NE Killingsworth Bldg A
- Tenant: Vacant
- 2,800 SF Free Standing Building
- One restroom, 4 grade doors
- Rent: Proforma $3,000
- 10928 NE Killingsworth Bldg B
- Tenant: Alliance Construction Services LLC
- 3,000 SF Free Standing Building
- Rent: $3,000 per month
- Lease Expires: December 31, 2025
- Tenant responsible for Electrical and Gas
- Landlord pays Taxes, Building Insurance and Water
- Income and expense information available upon request
- Property Taxes – Two Tax Lots (5300 & 5400)
- NE 109th Properties: $8,998.60
- NE Killingsworth Properties: $5,287.45
- Zoning: CE – Commercial Employment
- Incredibly flexible zoning which allows a wide variety of uses including industrial, retail sales and service, vehicle repair, and household/group living.
Listing Contacts
Listed by Macadam Forbes
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