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OC Creative office and Retail Building 502 7th St 17,900 SF 99% Leased Retail Building Oregon City, OR 97045 $6,715,009 CAD ($375.14 CAD/SF) 8.02% Cap Rate
Executive Summary
High quality investment property in the strong and growing Oregon City market.
Fully redeveloped building including Structural Steel, New elevator, fully fire sprinklered, New HVAC, plumbing, and electrical, Storefronts, architectural skylights, and Membrane roof.
The property consists of 2 tax lots with an approximately 17,900 SF building and a leased parking lot.
8% Cap Rate with most leases being NNN
Great opportunity for an investor looking for a well maintained trophy asset with a great return.
Fully redeveloped building including Structural Steel, New elevator, fully fire sprinklered, New HVAC, plumbing, and electrical, Storefronts, architectural skylights, and Membrane roof.
The property consists of 2 tax lots with an approximately 17,900 SF building and a leased parking lot.
8% Cap Rate with most leases being NNN
Great opportunity for an investor looking for a well maintained trophy asset with a great return.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,900 SF
Building Class
C
Year Built/Renovated
1950/2000
Price
$6,715,009 CAD
Price Per SF
$375.14 CAD
Cap Rate
8.02%
NOI
$538,571 CAD
Percent Leased
99%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
MUC-1 - Mixed-use commercial
Parking
18 Spaces (1.01 Spaces per 1,000 SF Leased)
Frontage
62’ on 7th St
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Single office, to available from $550-650/month
- 207
- 1,020 SF
- Office
- -
- 30 Days
- 208
- 1,240 SF
- Office
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 206C | 150 SF | Office | - | Now |
| 207 | 1,020 SF | Office | - | 30 Days |
| 208 | 1,240 SF | Office | - | 30 Days |
206C
| Size |
| 150 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
207
| Size |
| 1,020 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
208
| Size |
| 1,240 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
206C
| Size | 150 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Single office, to available from $550-650/month
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00572810 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,514,566 CAD |
Property Taxes
Parcel Number
00572810
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,514,566 CAD
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OC Creative office and Retail Building | 502 7th St
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