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Tuck Lung Building 140 NW 4th Ave 33,692 SF 81% Leased Retail Building Portland, OR 97209 $8,933,888 CAD ($265.16 CAD/SF) 6.22% Cap Rate

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INVESTMENT HIGHLIGHTS

Great Owner/User Opportunity with In-Place Income
Second Floor Is Entirely Leased To National Credit Tenant
Cultural Hub for the City's Asian American Community, with a Particular Focus on Chinese Heritage

Property Has Had Extensive Renovations, Including A New Roof
Old Town Chinatown Has Long Been A Creative and Vibrant Community of Makers and Doers

EXECUTIVE SUMMARY

Significant Old Town Chinatown Building Opportunity
Owner/User or Investment • In-place Income
Building Size: ±33,692 SF
Lot Size: ±0.3 Acres (±13,000 SF)
Partial Owner/User or Lease Space: ±6,295 SF
Zoning: Central Commercial (CX)
FAR: 6:1
Height Limit: 100'
Sale Price: $6,400,000 ($190 psf)
Actual NOI @ 76% Leased: $397,828
Actual CAP @ 76% Leased: 6.22%
Proforma NOI: $540,000
Proforma CAP: 8.50%

Tuck_Lung_Sale_Flyer_140_NW_4th_Ave_

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

33,692 SF

Building Class

Year Built/Renovated

1977/2015

Price

$8,933,888 CAD

Price Per SF

$265.16 CAD

Cap Rate

6.22%

NOI

$555,336 CAD

Percent Leased

81%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

2.00

Lot Size

0.39 AC

Opportunity Zone

Yes

Zoning

CX - Central Commercial

Frontage

191’ on 4th Ave

Bus Line

Commuter Rail

Conferencing Facility

Storage Space

MAJOR TENANTS

Health Care and Social Assistance
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Acadia Healthcare, dont le siège social est situé à Franklin, au Tennessee, a été créé en janvier 2005 pour développer et exploiter un réseau d'établissements de santé comportementale à travers le pays. Acadia offre des services psychiatriques et de dépendance chimique à ses patients dans divers contextes, y compris des hôpitaux psychiatriques hospitaliers, des établissements de traitement spécialisés, des centres de traitement en établissement, des cliniques externes et des programmes thérapeutiques en milieu scolaire. La mission d'Acadia Healthcare est de créer une organisation de calibre mondial qui établit la norme d'excellence dans le traitement des troubles de la santé comportementale et de la toxicomanie spécialisés.