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4840 NE Sandy Blvd 7,942 SF 100% Leased Office Building Portland, OR 97213 $3,419,600 CAD ($430.57 CAD/SF) 5.90% Cap Rate
Investment Highlights
- $800,000 in tenant specific improvements
- built in NOI growth
- stable medical anchor tenant
Executive Summary
The NE Sandy Office Complex offers investors a rare opportunity to acquire a boutique medical/office asset anchored by Columbia Oral Surgery & Implants (lease entity: U.S. Oral Surgery Management, LLC).
The property features a stable, professional tenant mix with contractual rent increases, expense reimbursement structure, and strong street visibility along the NE Sandy Blvd corridor.
The property features a stable, professional tenant mix with contractual rent increases, expense reimbursement structure, and strong street visibility along the NE Sandy Blvd corridor.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$201,038
|
$25.31
|
| Other Income |
$79,162
|
$9.97
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$280,201
|
$35.28
|
| Taxes |
-
|
-
|
| Operating Expenses |
$78,662
|
$9.90
|
| Total Expenses |
$78,662
|
$9.90
|
| Net Operating Income |
$201,539
|
$25.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $201,038 |
| Annual Per SF | $25.31 |
| Other Income (CAD) | |
|---|---|
| Annual | $79,162 |
| Annual Per SF | $9.97 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $280,201 |
| Annual Per SF | $35.28 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $78,662 |
| Annual Per SF | $9.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,662 |
| Annual Per SF | $9.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $201,539 |
| Annual Per SF | $25.38 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
7,942 SF
Building Class
B
Year Built/Renovated
1978/2022
Price
$3,419,600 CAD
Price Per SF
$430.57 CAD
Cap Rate
5.90%
NOI
$201,647 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,971 SF
Building FAR
0.88
Lot Size
0.21 AC
Zoning
RM2 - RM2 - Office variance
Parking
11 Spaces (1.39 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Life Key Counseling
- Health Care and Social Assistance
- -
- -
- -
- Normund Azuins
- -
- -
- -
- -
- Pcc Development Llc
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Life Key Counseling | Health Care and Social Assistance | - | - | - | ||
| Normund Azuins | - | - | - | - | ||
| Pcc Development Llc | Construction | - | - | - |
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R259452 | Total Assessment | $931,141 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
R259452
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$931,141 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2025
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4840 NE Sandy Blvd
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