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714-724 NW Davis St
Portland, OR 97209
Bureau Propriété À vendre
·
69 060 pi²
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FAITS SAILLANTS DE L'INVESTISSEMENT
- LEED Gold Certified
- Pearl District Address
- Manageable six-owner association
RÉSUMÉ DE L'ANNONCE
Originally built as the DeSoto auto showroom in 1915, this beautiful structure was completely updated under the skillful design and supervision of LRS Architects in 2007 who have resided there ever since. With pride of ownership exhibited in every material and finish, quality is evident throughout every area of the building from its luxurious entrance and lobby to the expansive Brazilian Ipe deck that resides on the rooftop.
FAITS SUR LA PROPRIÉTÉ
| Taille totale du bâtiment | 69 060 pi² | Superficie de plancher typique | 17 265 pi² |
| Type de propriété | Bureau | Année de construction | 1915 |
| Classe d’immeuble | C | Taille du lot | 0,46 AC |
| Planchers | 4 | Zone de développement économique |
Oui
|
| Zonage | CXd, Portland | ||
| Taille totale du bâtiment | 69 060 pi² |
| Type de propriété | Bureau |
| Classe d’immeuble | C |
| Planchers | 4 |
| Superficie de plancher typique | 17 265 pi² |
| Année de construction | 1915 |
| Taille du lot | 0,46 AC |
| Zone de développement économique |
Oui |
| Zonage | CXd, Portland |
COMMODITÉS
- Ligne d'autobus
2 UNITÉS DISPONIBLES
Unité 714-716
| Taille de l’unité | 4 408 pi² | Type de vente | Investissement |
| Utilisation du condo | Commerce de détail |
| Taille de l’unité | 4 408 pi² |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
DESCRIPTION
Beautifully-finished LEED Gold condominium unit in Portland’s DeSoto Building
NOTES SUR LA VENTE
Opened in 2007 as one of Portland’s most successful adaptive re-use projects and
spectacular commercial condominiums, the DeSoto Building has enjoyed little
turnover in ownership in its nearly 20 years of operation. With only five owners
comprising the owner’s association (including an architecture firm, museum,
photography studio, and two galleries), the DeSoto Building provides a terrific
investment that’s easy to own and operate instead of leasing.
+1 Plus
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Unité 300-400
| Taille de l’unité | 25 795 pi² | Taux de capitalisation | 13,88% |
| Utilisation du condo | Bureau | Revenu net d’exploitation | 946 810,51 $ CAD |
| Type de vente | Investissement |
| Taille de l’unité | 25 795 pi² |
| Utilisation du condo | Bureau |
| Type de vente | Investissement |
| Taux de capitalisation | 13,88% |
| Revenu net d’exploitation | 946 810,51 $ CAD |
DESCRIPTION
Condominium comprises the top two (2) floors
NOTES SUR LA VENTE
An immediate opportunity exists to acquire a 25,884 SF commercial condominium comprised of the top two floors of Portland’s DeSoto
Building, home to LRS Architects since 2007. With just over two years
remaining on the LRS lease, a new owner will have the option to either
pursue a renewal of lease with LRS Architects, re-lease to a different
tenant, or alternatively utilize the space itself as an owner-user in fall
of 2027. Regardless of what direction a new owner decides to take in
the future, however, they will do so enjoying an immediate 11.55% cap
rate return for the next two years.
