Listed by Commercial Realty Advisors Northwest LLC, Beta Agency
$4,250,000
FedEx Office - 221 SW Alder St
Details
APN R245967
Property Type Retail
Sub Type Storefront
Square Footage 11,600
Cap Rate 7.20%
NOI $279,502
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx Office
Lease Type NNN
Lease Expiration 12/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options None
Price per SqFt $366
Year Built 1956
Acreage 0.220
Zoning Central Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/30/1992
221 SW Alder St, Portland, OR 97204
Marketing description
Downtown Leased Investment
Investment highlights
- FedEx Corporation is a global logistics leader and one of the largest publicly traded companies in the U.S., ranked #49 by revenue on the Fortune 500 list. The tenant holds investment-grade credit ratings of BBB (S&P) and Baa2 (Moody's), offering reliable, long-term income backed by a blue-chip guarantor.
- Freestanding building with dedicated onsite parking and additional off site parking positioned at the gateway to Portland's Business District, surrounded by highrise offices, residential, and hotels.
- Located at the signalized intersection of SW 2nd Ave & SW Alder St at the Morrison bridgehead providing convenient access to Portland's CBD and surrounding neighborhoods.
- FedEx Office has occupied the premises for over 30 years.
- The property is zoned CX (Central Commercial) with a low existing FAR, offering significant upside potential for future high-density development, including residential, office, or hotel use. The site is uniquely positioned to capitalize on views of the Willamette River and East Portland.
Listing Contacts
Listed by Commercial Realty Advisors Northwest LLC, Beta Agency
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$279,502.00
$23,291.83/mo
Valuation Metrics
0
DSCR
6.58%
Cap Rate
6.58%
ROI
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