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322 NW Sixth Ave
Portland, OR 97209
Kolin Bldg · Office Property For Sale
Investment Highlights
- On Transit Line
- Private Offices
- High Ceilings
Executive Summary
The Kolin Building is 10,000 square feet of office space uniquely designed to offer the tenant an unrivaled experience. The building was originally built in 1905 and recently renovated to include tasteful upgrades that represent a move-in-ready option for any tenant. The property was fully seismically upgraded in 2000 to meet all required specifications. It is directly adjacent to the new mixed-use development, set to be completed in October 2022. Also in the direct vicinity are the Post Office and Greyhound ticketing station. The property is located within an Opportunity Zone and this creates options for receiving funding for tenant improvements through the Prosperity Improvement Program. The building has central air and heating throughout and the building is also elevator-served. The tenant has an opportunity for ownership in conjunction with a long-term lease agreement with First Right of Refusal.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
10,000 SF
Building Class
B
Year Built/Renovated
1905/2000
Price
$2,050,575 CAD
Price Per SF
$205.06 CAD
Cap Rate
3.60%
NOI
$73,821 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
2.00
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
CXD - The CX zone is a high-density commercial zone intended for development within Portland's most urban and intense areas. The CX zone allows for intense
Amenities
- Bus Line
- Metro/Subway
Property Taxes
| Parcel Number | R140454 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $34,589 CAD |
Property Taxes
Parcel Number
R140454
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$34,589 CAD
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