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The 4949 Building 4949 S MacAdam Ave 17,657 SF 66% Leased Office Building Portland, OR 97239 $5,569,721 CAD ($315.44 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Owner-User with Income or Value Add Investment
- 2.8 : 1000 Parking Ratio (51 Off-Street Spaces)
- Blocks to multiple Retail & Dining Locations including Elephants on Corbett, Jolly Rodger, and Starbucks
- Coworking / Creative Office Buildout on Both Floors
- Located in Prime Johns Landing Neighborhood near Downtown and the Willamette River
- Renovated in 2017 with a Partial New Roof in 2024
EXECUTIVE SUMMARY
100% Leased Office Building in South Portland
Owner-User • Investment Opportunity • Open/Private Offices
--------------------
Space Available: 17,657 SF (Entire Building)
Ground Floor - 6,007 sf
Second Floor - 11,650 sf
Sale Price: $3,990,000 ($226/SF)
Owner-User • Investment Opportunity • Open/Private Offices
--------------------
Space Available: 17,657 SF (Entire Building)
Ground Floor - 6,007 sf
Second Floor - 11,650 sf
Sale Price: $3,990,000 ($226/SF)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,657 SF
Building Class
B
Year Built/Renovated
1979/2017
Price
$5,569,721 CAD
Price Per SF
$315.44 CAD
Cap Rate
8.50%
NOI
$473,426 CAD
Percent Leased
66%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,829 SF
Building FAR
0.56
Lot Size
0.72 AC
Zoning
CM2 - CM2 Commercial
Parking
51 Spaces (2.89 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Property Manager on Site
- Security System
- Skylights
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Plug & Play
- Reception
- Wi-Fi
- Air Conditioning
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | R285361 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,461,261 CAD |
PROPERTY TAXES
Parcel Number
R285361
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,461,261 CAD
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The 4949 Building | 4949 S MacAdam Ave
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