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Greenburg Space Center 11101-11131 SW Greenburg Rd

69,017 SF 100% Leased Retail Building Tigard, OR 97223 $15,100,000 ($219/SF) 6.09% Cap Rate

Investment Highlights

  • Long-term stabilized income stream with upside potential
  • High quality asset recently renovated
  • Excellent destination retail location and complex

Executive Summary

Outstanding opportunity to procure a high-quality multi-tenant retail complex within the highly desirable Washington Square Mall area of Portland. Long-term stabilized income stream with below market rents allow for substantial upside.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $919,444 $13.32

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $919,444
Annual Per SF $13.32

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
69,017 SF
Building Class
B
Year Built
1970
Price
$15,100,000
Price Per SF
$219
Cap Rate
6.09%
NOI
$919,444
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
4.75 AC
Opportunity Zone
Yes
Zoning
MUC - City of Tigard - Allows for retail, office, residential, and industrial.
Parking
236 Spaces (3.42 Spaces per 1,000 SF Leased)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

D-BAT
Starbucks
Ezell's Famous Chicken
Red Robin
Bank of America
Heritage Bank
Red Lobster
Jazzercise
Bank of Montreal
Sarku Japan

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R0273126
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$3,971,860 (2024)
  • Listing ID: 33129439

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: 11101-11131 SW Greenburg Rd, Tigard, OR 97223

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