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29331914
29331915

7100 SW Hampton St, Tigard, OR 97223

SR
OR 200204348
Macadam Forbes
SP
OR 820300052
Macadam Forbes
Listed by Macadam Forbes
$9,950,000
133 days on market
Updated 16 days ago
Opportunity zone

Commerce Plaza

Details
APN R457650
Property Type Multifamily, Office
Sub Type Apartment Building
Square Footage 81,000
Net Rentable (SqFt) 80,770
Units 70
Cap Rate 5.00%
NOI $465,000
Occupancy 90%
Price per SqFt $123
Class C
Year Built 1990
Buildings 3
Stories 2
Acreage 4.800
Zoning Triangle Mixed Use
Investment Type Redevelopment
Ownership Fee Simple

Opportunity Zone Covered Land Play

Marketing description

Opportunity Zone redevelopment offering of an existing two story

office complex into multifamily in the Tigard Triangle. This impressive

property boasts three two-story buildings totaling approximately 80,770 SF with

70 office suites, and 316 surface parking spaces. Zoned "Triangle Mixed Use

(TMU)," the property offers versatility and potential for diverse usage, currently at

90% occupancy with short-term leases, and the ability to maintain cash flow

while redeveloping the property in phases. The structures lend themselves well to

multifamily redevelopment by virtue of the building widths, central courtyards,

wood framing, and existing infrastructure. There is excess land area that could

accommodate an additional building and still have ample parking ratios. Its

strategic location further enhances its appeal, positioning it as a prime asset for

investors seeking a lucrative addition to their portfolio. This sought-after property

represents a compelling investment opportunity in the thriving Southwest

Portland market.

Investment highlights

  • Three separate buildings totaling 80,770 SF

  • 70 units

  • 300+ existing surface parking spaces

  • Zoned Triangle Mixed Use (TMU)

  • Easy conversion to multifamily

  • 10' ceiling heights

  • 90% occupancy, short term leases

Listing Contacts

SR
OR 200204348
Macadam Forbes
SP
OR 820300052
Macadam Forbes
Listed by Macadam Forbes

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$465,000.00
$38,750.00/mo

Valuation Metrics

0
DSCR
4.67%
Cap Rate
4.67%
ROI

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