columbia medical plaza - loopnet...brian norton director 0 503.444.5852 [email protected] or...

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www.kwcommercial.com KW COMMERCIAL 919 NE 19th Ave Portland, OR 97232 We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. BRIAN NORTON Director 0 503.444.5852 [email protected] OR #200910104 - WA #109604 OFFERING SUMMARY SALE PRICE: $3,700,000 LOT SIZE: 1.5 Acres YEAR BUILT: 1996 BUILDING SIZE: 13,697 ZONING: EG2 MARKET: Portland SUBMARKET: Airport PRICE / SF: $270.13 PROPERTY OVERVIEW This unique opportunity to own a multi-tenant medical office building in Portland is now available to an owner-user or investor looking for a long-term stable investment opportunity. PROPERTY HIGHLIGHTS Excellent location near I-205/I-84 near the airport Well maintained medical office building Building signage opportunities Elevator served Ample parking Proforma NOI if leased to new tenant(s) (based on May 2018 annualized NOI): $249,324 Proforma CAP rate at 95%: 6.4% 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA MEDICAL OFFICE FOR SALE

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Page 1: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

OFFERING SUMMARY

SALE PRICE: $3,700,000

LOT SIZE: 1.5 Acres

YEAR BUILT: 1996

BUILDING SIZE: 13,697

ZONING: EG2

MARKET: Portland

SUBMARKET: Airport

PRICE / SF: $270.13

PROPERTY OVERVIEWThis unique opportunity to own a multi-tenant medical office building in Portland is now available to an owner-user or investorlooking for a long-term stable investment opportunity.

PROPERTY HIGHLIGHTS• Excellent location near I-205/I-84 near the airport

• Well maintained medical office building

• Building signage opportunities

• Elevator served

• Ample parking

• Proforma NOI if leased to new tenant(s) (based on May 2018 annualized NOI): $249,324

• Proforma CAP rate at 95%: 6.4%

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

MEDICAL OFFICE FOR SALE

Page 2: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

OFFICE FOR SALE

Page 3: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

OFFICE FOR SALE

Page 4: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

POPULATION 1 MILE 5 MILES 10 MILES

Total Population 3,555 289,646 1,095,616

Median Age 35.7 37.1 35.7

Median Age (Male) 32.3 36.5 35.2

Median Age (Female) 37.6 37.6 36.4

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total Households 1,269 113,420 433,628

# Of Persons Per HH 2.8 2.6 2.5

Average HH Income $62,723 $58,354 $63,724

Average House Value $277,320 $265,431 $313,973

* Demographic data derived from 2010 US Census

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

OFFICE FOR SALE

Page 5: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

TENANT NAME

UNIT

SIZE (RSF)

LEASE

EXPIRATION

MONTHLY

RENT

% OF

BUILDING

North Lake Physical Therapy 2,738 4/30/2020 $6,285.25 20%

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

OFFICE FOR SALE

Page 6: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

OFFICE FOR SALE

Page 7: COLUMBIA MEDICAL PLAZA - LoopNet...BRIAN NORTON Director 0 503.444.5852 brian.norton@kw.com OR #200910104 - WA #109604 5847 NE 122nd Avenue, Portland, OR 97203 COLUMBIA MEDICAL PLAZA

www.kwcommercial.com

KW COMMERCIAL919 NE 19th AvePortland, OR 97232

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

BRIAN NORTONDirector0 [email protected] #200910104 - WA #109604

5847 NE 122nd Avenue, Portland, OR 97203

COLUMBIA MEDICAL PLAZA

OFFICE FOR SALE