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1452 NE Alberta St
Portland, OR 97211
Retail Property For Sale
Investment Highlights
- Great mixed use investment in the Alberta Arts district
- Apartments share an outdoor deck
- Long term retail tenants
Executive Summary
This investment is in the Alberta Arts district. Well located in the heart of retail service and other mixed use properties. Built in 1998 and upgraded in 2008. The corner lot is a benefit for the property.
Gabetas Restaurant & Bar and Mister OK’s Essentials are the two retail tenants on the ground floor. Gabetas just signed a new five year lease.. The retailers are NNN leases paying 66% of the taxes and insurance as well as their repairs.
There are three residential tenants on the upper floor. One has been there since 2014 and one since 2018.
The interior and exterior of this investment is is very good shape.
Price reduced $100,000
Gabetas Restaurant & Bar and Mister OK’s Essentials are the two retail tenants on the ground floor. Gabetas just signed a new five year lease.. The retailers are NNN leases paying 66% of the taxes and insurance as well as their repairs.
There are three residential tenants on the upper floor. One has been there since 2014 and one since 2018.
The interior and exterior of this investment is is very good shape.
Price reduced $100,000
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,467 SF
Building Class
B
Year Built
1998
Price
$2,001,575 CAD
Price Per SF
$448.08 CAD
Cap Rate
5.50%
NOI
$110,087 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.71
Lot Size
0.06 AC
Zoning
CS - Commercial and multifamily
Frontage
68’ on Alberta St
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | R240221 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $799,585 CAD |
Property Taxes
Parcel Number
R240221
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$799,585 CAD
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