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Portland Net Leased Cannabis Portfolio 2 Industrial Properties Offered at $5,179,658 CAD in Portland, OR
INVESTMENT HIGHLIGHTS
- Heavily remodeled properties
- 100% Leased/10.0% CAP RATE
- Excellent located near PDX Airport
EXECUTIVE SUMMARY
New to Market with Kidder Mathews January 2025!
100% leased, two building, two tenant portfolio sale. Both users are cannabis cultivators with long occupancy history in the property since +/-2016. Owner is a non-related party.
SELLER FINANCING AVAILABLE
Tremendous 10.0% cap rate and 13.0% cash/cash return via available seller financing
Property is located close to Portland airport in NE Portland, considered the "green row" for indoor cannabis growing in Oregon. Each property is on it's own individual tax lot and may be sold off separately in the future.
These buildings have both been 100% leased throughout the current owner's entire ownership history. Both buildings have HEAVY electrical, HVAC and other investments providing very sticky tenants with heavy capital investments.
Marketing flyer is attached with more info, please call for details or a tour of the facility
Thank you
100% leased, two building, two tenant portfolio sale. Both users are cannabis cultivators with long occupancy history in the property since +/-2016. Owner is a non-related party.
SELLER FINANCING AVAILABLE
Tremendous 10.0% cap rate and 13.0% cash/cash return via available seller financing
Property is located close to Portland airport in NE Portland, considered the "green row" for indoor cannabis growing in Oregon. Each property is on it's own individual tax lot and may be sold off separately in the future.
These buildings have both been 100% leased throughout the current owner's entire ownership history. Both buildings have HEAVY electrical, HVAC and other investments providing very sticky tenants with heavy capital investments.
Marketing flyer is attached with more info, please call for details or a tour of the facility
Thank you
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$556,953
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $556,953 |
PROPERTY FACTS
| Price | $5,179,658 CAD | Number of Properties | 2 |
| Price / SF | $236.46 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 10.75% | Total Building Size | 21,905 SF |
| Sale Type | Investment | Total Land Area | 1.52 AC |
| Status | Active |
| Price | $5,179,658 CAD |
| Price / SF | $236.46 CAD / SF |
| Cap Rate | 10.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,905 SF |
| Total Land Area | 1.52 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
East Building
8009 N Kerby Ave, Portland, OR 97217 |
Industrial | 11,005 SF | 1970 | - |
|
West Building
8120 N Albina Ave, Portland, OR 97217 |
Industrial | 10,900 SF | 1970 | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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Portland Net Leased Cannabis Portfolio
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