www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31283066

1015 NW Lovejoy St, Portland, OR 97209 For Sale

ST
WA 74057
Northmarq - Seattle
Northmarq
JH
WA WA 24010216
Northmarq - Seattle
JD
WA WA 21001346
Northmarq - Seattle
Listed by Northmarq - Seattle, Northmarq
$8,660,000
115 days on market
Updated 115 days ago

Metropolitan @ The Blocks

Details
Property Type Retail
Sub Type Storefront
Square Footage 16,893
Units 4
Cap Rate 6.75%
NOI $584,522
Occupancy 100%
Price per SqFt $513
Class A
Year Built 2007
Investment Type Net Lease
Ownership Condo

Ground Floor Retail Condo @ The Blocks

Marketing description

• 16,893 SF retail condo in Portland’s Pearl District, 100% leased to 4 tenants

• All tenants operate on a NNN lease structure with annual scheduled rent increases provided by 2 of the 4 tenants

• Chase Bank occupies the largest percentage of space at 33%, and has operated at this location for 15 years with a brand new 5-year extension

• Additional tenants include The Aesthetic Experience (new 10-year lease), Hosmer Chiro Health (15+ years at this location), and Barre3 (17+ years at this location)

• Tenancy is exclusively service-based and appointment-driven: banking, aesthetics/wellness, chiropractic, and fitness

• 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

ST
WA 74057
Northmarq - Seattle
Northmarq
JH
WA WA 24010216
Northmarq - Seattle
JD
WA WA 21001346
Northmarq - Seattle
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
$584,522.00
$48,710.17/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591