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1016 SE 12th Ave 4,564 SF 97% Leased Office Building Portland, OR 97214 $2,585,235 CAD ($566.44 CAD/SF) 7.57% Cap Rate
Investment Highlights
- ADA Accessible
- Health and Wellness Center
- Lush Landscaping
Executive Summary
Price Reduced: $1,895,000
Prime Investment Opportunity. Turn-Key operation with minimum management input. 7.57% Cap Rate. This 4,903 SF Commercial Mixed Use currently used as multi-practice wellness facility with established, long-term community of practitioners and clients. Awakenings LLC offers a rare, turnkey opportunity to own a fully operational, income-producing holistic healing center with a deeply rooted presence in the local wellness community since 2004. 13 Private Treatment Offices – Leased to a dedicated team of long-term, licensed practitioners across a wide range of wellness modalities. 38-Space Parking lot located directly across from property. A rare amenity in SE Portland, providing ease of access for clients and practitioners.
Prime Investment Opportunity. Turn-Key operation with minimum management input. 7.57% Cap Rate. This 4,903 SF Commercial Mixed Use currently used as multi-practice wellness facility with established, long-term community of practitioners and clients. Awakenings LLC offers a rare, turnkey opportunity to own a fully operational, income-producing holistic healing center with a deeply rooted presence in the local wellness community since 2004. 13 Private Treatment Offices – Leased to a dedicated team of long-term, licensed practitioners across a wide range of wellness modalities. 38-Space Parking lot located directly across from property. A rare amenity in SE Portland, providing ease of access for clients and practitioners.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,564 SF
Building Class
C
Year Built/Renovated
1901/2014
Price
$2,585,235 CAD
Price Per SF
$566.44 CAD
Cap Rate
7.57%
NOI
$195,796 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,593 SF
Slab To Slab
8’
Building FAR
0.91
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
CG - The CM2 zone is a medium-scale, commercial mixed use zone intended for sites in a variety of centers and corridors, in other mixed use areas.
Parking
2 Spaces (0.44 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R176938 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $660,743 CAD (2025) |
Property Taxes
Parcel Number
R176938
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$660,743 CAD (2025)
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1016 SE 12th Ave
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