Listed by Tradition Real Estate Partners
$2,000,000
4509-4511 SE Caesar Chavez
Details
Property Type Retail, Office
Sub Type Day Care/Nursery, Medical Office
Square Footage 3,760
Occupancy 50%
Pro-Forma Cap Rate 7.20%
Pro-Forma NOI $144,000
Year Built 1958
Acreage 0.315
Zoning CM1
Investment Type Owner/User
Retail | 3,760 SqFt
Marketing description
Oregon Bud Company is the current tenant occupying approx. 1/2 of the building. The other 1/2 is currently vacant and office tenant ready. The Oregon Bud Company is the Seller and is willing to stay in place with guaranteed rents for the investment buyer or vacate with adequate notice for an owner user buyer. The flexible CM1 Zone allows for multiple uses to occupy either the entire building or the remaining 50% with uses such as Medical, Daycare, Religious and Schools.
Location Description
Located on the SW corner of Caesar Chavez Blvd & SE Holgate.
Investment highlights
- Sale Price $2,000,000
- 50% Occupied
- In Place Revenue - $120,000/yr
- Proforma Revenue - $40,000 Upside
- Proforma NOI - $144,000
- Proforma Cap - $7.2%
- 3,778SF
- .315 Acre Lot
- Corner Lot
- Built 1958
Listing Contacts
Listed by Tradition Real Estate Partners
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