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16120 Boones Ferry Road
Lake Oswego, OR 97035
Retail Property For Sale
Investment Highlights
- Fully leased two-tenant building generating steady NNN income.
- Easy access to I-5, Highway 217, and Portland metro area.
- 28 on-site parking spaces for tenant and customer convenience.
- Located on Boones Ferry Road with strong traffic exposure
Executive Summary
This fully leased commercial property in Lake Oswego offers a rare investment opportunity in one of the Portland metro area’s most desirable submarkets. The 4,800-square-foot brick building sits on a 0.42-acre lot with 28 dedicated parking spaces, providing convenience for tenants and visitors. Built in 1993, the property is well-maintained and currently occupied by two tenants under NNN leases, generating $10,012 in monthly base rent plus expenses.
Located along Boones Ferry Road, the site benefits from strong visibility and easy access to major thoroughfares, including I-5 and Highway 217, connecting to Portland and surrounding communities. Lake Oswego is known for its affluent demographics, robust retail and office demand, and limited commercial land supply, making this asset a stable, income-producing investment. With annual property taxes of $22,878.08 and GC zoning allowing for a range of uses, this property offers long-term value and consistent cash flow.
Located along Boones Ferry Road, the site benefits from strong visibility and easy access to major thoroughfares, including I-5 and Highway 217, connecting to Portland and surrounding communities. Lake Oswego is known for its affluent demographics, robust retail and office demand, and limited commercial land supply, making this asset a stable, income-producing investment. With annual property taxes of $22,878.08 and GC zoning allowing for a range of uses, this property offers long-term value and consistent cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Year Built
1990
Price
$4,807,051 CAD
Price Per SF
$1,001.47 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.42 AC
Zoning
GC - General Commercial
Parking
28 Spaces (5.83 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
Property Taxes
| Parcel Number | 00242561 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,631,080 CAD |
Property Taxes
Parcel Number
00242561
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,631,080 CAD
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