The Halsey Building | 23424 NE Halsey St
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The Halsey Building 23424 NE Halsey St
11,980 SF 100% Leased Retail Building Wood Village, OR 97060 $2,300,000 ($192/SF)
Investment Highlights
- Heavy Daytime Traffic
- Dedicated Parking Lot
- Close Proximity to I-84
- Fully Leased - Five Tenants
Executive Summary
This well-maintained, multi-tenant retail property in Wood Village, OR offers a unique investment opportunity with strong income potential. Featuring 5 fully leased retail spaces, the property is home to a diverse mix of tenants, including retail, service, and restaurant businesses. Located along a high-traffic corridor with excellent visibility, the property offers easy access to I-84 and is just minutes from Portland, making it an ideal spot for both local and commuter traffic. Ample on-site parking and proximity to residential neighborhoods add to its appeal, ensuring consistent foot traffic and a loyal customer base for tenants. With a stable rent roll, this property offers a reliable income stream and a solid return on investment. The area is experiencing steady growth, with Wood Village emerging as a sought-after location for both commercial and residential development. Whether you're an experienced investor or new to commercial real estate, this property presents a rare opportunity to own a fully leased, income-generating asset in a prime location.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,980 SF
Building Class
B
Year Built
2009
Price
$2,300,000
Price Per SF
$192
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
NC - Neighborhood Commercial
Parking
31 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
245 FT on Halsey St
Amenities
- Bus Line
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R320944 | Total Assessment | $1,108,330 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R320944
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$1,108,330 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Halsey Building | 23424 NE Halsey St
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