Listed by First Western Properties
$800,000
1640 W 79th Street
Details
APN 20304340360000
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 7,989
Units 9
Cap Rate 10.79%
NOI $86,340
Year Built 2008
Lot Size (SqFt) 16,610
Zoning RTAIL
Investment Type Value Add
Retail | 10.79% CAP | 7,989 SqFt
Marketing description
Value Add Newer 9 Unit Strip Center in Auburn Gresham community. Located on 79th street, just 1 block west of high traffic intersection of 79th and Ashland. This is tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost! Proper management and leasing can turn this property around quickly. Property was build for $1,400,000 and appraised for $2,000,000.
Investment highlights
• Newer construction retail center ready for immediate occupancy
• Located near the new Metra station and surrounding transit oriented development
• Strong area growth supported by significant public and private investment
• Ample parking with newly constructed parking lot and improved sidewalks
• Excellent access to public transportation and major corridors
• Existing tenants include Mini Market, Crown Vape, and Paradize Spa
• Attractive value add and turnaround opportunity through lease up and improved management
Listing Contacts
Listed by First Western Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,340.00
$7,195.00/mo
Valuation Metrics
0
DSCR
10.79%
Cap Rate
10.79%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
