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3636 NE Broadway St 7,016 SF 100% Leased Office Building Portland, OR 97232 $3,680,319 CAD ($524.56 CAD/SF) 5.56% Cap Rate
Executive Summary
3636 NE Broadway Street presents a covered land investment opportunity in Portland’s Hollywood District, located on a prominent signalized corner with excellent visibility and access near I-84 and public transit. The property is improved with a ±6,275 SF, single-tenant office building on a ±27,158 SF lot and is fully leased to a mission-driven nonprofit organization under a long-term, triple-net lease with scheduled rent increases, providing predictable interim cash flow and simplified ownership. Zoned CM3, the site allows for a wide range of future commercial and mixed-use redevelopment scenarios, offering long-term upside while the existing income stream offsets holding costs.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
7,016 SF
Building Class
B
Year Built
1992
Price
$3,680,319 CAD
Price Per SF
$524.56 CAD
Cap Rate
5.56%
NOI
$204,626 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,275 SF
Building FAR
0.24
Lot Size
0.66 AC
Zoning
CM3 - Commercial Mixed Use 3
Parking
31 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R175515 | Improvements Assessment | $1,734,634 CAD |
| Land Assessment | $3,923,082 CAD | Total Assessment | $5,657,716 CAD |
Property Taxes
Parcel Number
R175515
Land Assessment
$3,923,082 CAD
Improvements Assessment
$1,734,634 CAD
Total Assessment
$5,657,716 CAD
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3636 NE Broadway St
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