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323-325 NW 13th Ave - Block 90 NNN Leased Investment 3,306 SF Retail Condo Unit Offered at $2,087,000 in Portland, OR 97209
Investment Highlights
- Mediterranean Exploration Company has leased the space since 2014
- Vibrant Pearl District is Home to Many Notable Retailers, Employers, and Residential Apartments and Condos
- MEC Recommitted with a New 5-Year Lease, Thru March 31, 2031
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.00% |
| Sale Type | Investment |
| Cap Rate | 7.00% |
Sale Notes
Single Tenant NNN Leased Investment Opportunity in Portland's Pearl District
100% Leased | High Profile Restaurant
Rentable SF: 3,306 SF
Sale Price: $2,087,000 ($631/SF)
CAP Rate: 7.0%
Tenant: Mediterranean Exploration Company
100% Leased | High Profile Restaurant
Rentable SF: 3,306 SF
Sale Price: $2,087,000 ($631/SF)
CAP Rate: 7.0%
Tenant: Mediterranean Exploration Company
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 333 | 3,306 SF | Retail | $2,087,000 ($631.28/SF) | $146,055 |
Unit 333
| Unit Size |
| 3,306 SF |
| Condo Use |
| Retail |
| Price |
| $2,087,000 ($631.28/SF) |
| NOI |
| $146,055 |
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Unit 333
| Unit Size | 3,306 SF |
| Condo Use | Retail |
| Price | $2,087,000 ($631.28/SF) |
| NOI | $146,055 |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Sale Notes | |
| Single Tenant NNN Leased Investment Opportunity in Portland's Pearl District<br> 100% Leased | High Profile Restaurant<br> <br> Rentable SF: 3,306 SF<br> Sale Price: $2,087,000 ($631/SF)<br> CAP Rate: 7.0%<br> Tenant: Mediterranean Exploration Company</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 48,058 SF | Typical Floor Size | 16,019 SF |
| Property Type | Office (Condo) | Year Built | 1939 |
| Building Class | B | Lot Size | 0.46 AC |
| Floors | 3 | Parking Ratio | 0.19/1,000 SF |
| Zoning | EXD | ||
| Total Building Size | 48,058 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 16,019 SF |
| Year Built | 1939 |
| Lot Size | 0.46 AC |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | EXD |
Amenities
- Controlled Access
- Restaurant
- Signage
- Monument Signage
- Outdoor Seating
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Mediterranean Exploration Company |
99,999 SF SF
|
Jan 0000
|
Contacts
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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323-325 NW 13th Ave - Block 90 NNN Leased Investment
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