Listed by Macadam Forbes
$2,100,000
Agnes Ave Redevelopment Site
Details
Property Type Retail, Office
Sub Type Shopping Center, Executive Office
Square Footage 12,000
NOI $136,751
Acreage 2.560
Zoning MUD - Mixed Use Development
Great covered land play for future redevelopment. Interstate 205 visibility.
Marketing description
16300 and 16320 Agnes Avenue is a redevelopment site with existing cash flow, and will be a fantastic location for high visibility freeway retail and commercial uses, hotel, and senior living opportunities. The property is located adjacent the Clackamette Cove Urban Renewal Area. Clackamette Cove redevelopment has been initiated with the completion of back-bone infrastructure and the 244 Edgewater at the Cove Apartment project. Phase II construction will include approximately 440 waterfront apartment units and 30,000 SF of retail/commercial space. Just across Interstate-205 is the site of Summit Developments “The North End” Oregon City project. The North End covers approximately 62 acres that will include a mix of residential, retail, commercial, and business park uses.
Hamiltons Appliance occupies the 12,000 SF warehouse, TNT Fireworks and Kiewit Infrastructure occupy the yard space.
Hamiltons Appliance occupies the 12,000 SF warehouse, TNT Fireworks and Kiewit Infrastructure occupy the yard space.
Investment highlights
- Fully leased to three tenants
- Warehouse Building - 12,000 SF
- Office SF - 1,000 SF
- Dock Doors - 4
- Grade Doors - 1
- 480 Volt 3 Phase Power
Listing Contacts
Listed by Macadam Forbes
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,751.00
$11,395.92/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
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