Greenburg Space Center | 11101-11131 SW Greenburg Rd
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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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R0273126 | Improvements Assessment | $0 (2024) |
Land Assessment | $0 (2024) | Total Assessment | $3,971,860 (2024) |
PROPERTY TAXES
Parcel Number
R0273126
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$3,971,860 (2024)
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Greenburg Space Center | 11101-11131 SW Greenburg Rd
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