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2924 - 2940 Lombard St. St 6,942 SF 100% Leased Retail Building Portland, OR 97217 $2,261,176 CAD ($325.72 CAD/SF) 6.70% Cap Rate
Investment Highlights
- High exposure and visibility location
Executive Summary
DO NOT DISTURB TENANTS.
1929 AND 1955 CONSTRUCTION
PRIVATE PARKING LOT – 13 SPACES
TENANTS WITH MULTI-YEAR LEASE TERMS - No vacancies in 20 years, current tenants successfully navigated 2008 recession and COVID-19 pandemic with no late rents
HIGH EXPOSURE AND VISIBILITY CORNER - At intersection with traffic light control
ARBOR LODGE NEIGHBORHOOD
GOOD ACCESSIBILITY TO I-5 AND ST. JOHNS BRIDGE
CM2/RM2 ZONING
CONTACT BROKER'S FOR CONFIDENTIAL FINANCIAL INFORMATION
1929 AND 1955 CONSTRUCTION
PRIVATE PARKING LOT – 13 SPACES
TENANTS WITH MULTI-YEAR LEASE TERMS - No vacancies in 20 years, current tenants successfully navigated 2008 recession and COVID-19 pandemic with no late rents
HIGH EXPOSURE AND VISIBILITY CORNER - At intersection with traffic light control
ARBOR LODGE NEIGHBORHOOD
GOOD ACCESSIBILITY TO I-5 AND ST. JOHNS BRIDGE
CM2/RM2 ZONING
CONTACT BROKER'S FOR CONFIDENTIAL FINANCIAL INFORMATION
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,942 SF
Building Class
C
Year Built
1929
Price
$2,261,176 CAD
Price Per SF
$325.72 CAD
Cap Rate
6.70%
NOI
$151,499 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.34 AC
Zoning
CM2/RM2 - Commercial General
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R124813 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $94,791 CAD |
Property Taxes
Parcel Number
R124813
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$94,791 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2924 - 2940 Lombard St. St
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