Listed by Northmarq - Seattle, Northmarq
$4,460,000
Pinnacle @ The Blocks
Details
APN R567402, R567403, R567404
Property Type Retail
Sub Type Storefront
Square Footage 7,415
Net Rentable (SqFt) 7,415
Cap Rate 6.25%
Occupancy 100%
Tenancy Multi
Brand/Tenant Barry's
Lease Type NNN
Rent Bumps Yes
Price per SqFt $37
Class A
Year Built 2005
Investment Type Value Add
Tenant Credit Credit Rated
Ground Lease No
Ownership Condo
7,415 SF Ground Floor Retail Condo @ The Blocks
Investment highlights
7,415 SF retail condo in Portland’s Pearl District
100% leased to Pearl Animal Hospital and Barry’s under long-term NNN leases
Both tenants have 6+ years remaining with annual rent increases
Pearl Animal Hospital has operated at the site for 18+ years
Reportedly a strong Barry’s location with +/- 21K annual visits
Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+ SF retail)
Supported by ~1,200 nearby residential condo units and strong walkable density
Listing Contacts
Listed by Northmarq - Seattle, Northmarq
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
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
