Thomas Building | 7900 SW 35th Ave
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Thomas Building 7900 SW 35th Ave
6,554 SF 100% Leased Office Building Portland, OR 97219 $2,295,000 ($350/SF) 6.39% Cap Rate
Investment Highlights
- Prime Location: Strategically situated in a sought-after area of Portland
- Development Potential: Given the demand for real estate in Portland, this property has development potential.
- Owner/User: The leases on the 2nd floor allow for flexibility if an owner/user wants to occupy all or part of the 2nd floor
- Unique Features: Hard corner location with tremendous visibility
- Dedicated Parking: Rare dedicated parking lot adjacent to the building.
- New Roof Installed Summer 2024
Executive Summary
The iconic Thomas Building is located in Multnomah Village, a picturesque and charming neighborhood in the southwestern part of Portland, Oregon. This unique community combines the serenity of a small town with the convenience of urban living, making it a highly desirable place to reside and conduct business. Despite its serene ambiance, Multnomah Village is just approximately six miles from downtown Portland. This convenient proximity provides residents and businesses with easy access to the heart of the city, including its vibrant cultural, dining, and entertainment offerings.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,554 SF
Building Class
C
Year Built
1914
Price
$2,295,000
Price Per SF
$350
Cap Rate
6.39%
NOI
$146,637
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,277 SF
Building FAR
1.88
Land Acres
0.08 AC
Zoning
CS
Parking
14 Spaces (2.14 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | R306350 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $368,190 |
PROPERTY TAXES
Parcel Number
R306350
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$368,190
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Joe Kappler -
Macadam Forbes, Inc.
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Thomas Building | 7900 SW 35th Ave
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