Log In/Sign Up
Your email has been sent.
Vintage Square Center 2316 E Portland Rd 9,412 SF 100% Leased Retail Building Newberg, OR 97132 $3,528,200 CAD ($374.86 CAD/SF) 6.35% Cap Rate
Investment Highlights
- 6 total suites
- Blended in-place rents below market in select suites
- Staggered lease expirations create mark-to-market opportunity
- 3,000 SF second-generation restaurant vacancy
- Expense recoveries in place to protect NOI
Executive Summary
Vintage Square Center Investment Opportunity
Purchase Price $2,600,000 ($296/SF)
Total Building Area 8,781 SF
Current Base Rent (Occupied): $100,000/Yr
Potential Gross Income (Stabilized): $186,000/Yr
Projected Stabilized NOI: $165,000+
Projected Stabilized Cap Rate: 6.3%–6.7%
Purchase Price $2,600,000 ($296/SF)
Total Building Area 8,781 SF
Current Base Rent (Occupied): $100,000/Yr
Potential Gross Income (Stabilized): $186,000/Yr
Projected Stabilized NOI: $165,000+
Projected Stabilized Cap Rate: 6.3%–6.7%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,412 SF
Building Class
C
Year Built
1970
Price
$3,528,200 CAD
Price Per SF
$374.86 CAD
Cap Rate
6.35%
NOI
$223,905 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
C-2-Commercial
Parking
50 Spaces (5.69 Spaces per 1,000 SF Leased)
Frontage
113’ on Portland Rd
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 3,000 SF
- Restaurant
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000 SF | Restaurant | - | 30 Days |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| 30 Days |
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 56389 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,079,528 CAD |
Property Taxes
Parcel Number
56389
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,079,528 CAD
1 of 45
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Vintage Square Center | 2316 E Portland Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.