Flex usages with high quality-For Sale and For Lease

4852 Northeast Martin Luther King Junior Boulevard, Portland, OR

   SOLD!   

$2,600,000

Price

6%

Cap Rate

9,794 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
6%
Building Size
9,794 sqft
Lot Area
20,473 sqft
Lease Type
Absolute Net
Class
B
Price Per Sqft
$265
Year Built
2007
Zoning
CM2
Floors
2
Parking Spots
20
Year Last Renovated
2007 and 2017
Gross Leaseable Area
9794
Warehouse %
40%
Roof
new flat roof in 2017
HVAC
3 roof top units
Restrooms
7
CeilingHeight
29
Investment Strategy
Core
Lease Expire Year
09/30/2020
Description

SOLD and closed on Aug. 26th, 2021. Sold price at $2,500,000
In highly desireable NE closed-in Portland within Oregon Convention Center district, on Alberta-MLK Blvd intersection. A hard-to-find industry property with fully
fenced large parking lot and accessible for container truck.
Property has been Absolute NNN leased with excellent maintance record provided.
County assessed real market value at $2,369,460 in 2018 before 2017 upgrades.

Utilities: 2007 installed 480 AMP in 3 phase power; 3 roof top units with 2 gas meters and new water and sewer lines.

Highlights
  • 2007 built on a shell. Structure updated.
  • 2017 upgraded exterior, interior and new roof.
  • Fully fenced with parking lot for 20+ cars, hard to find in the city
  • 2 Dock doors, 1 grade level loading, 4 entries
  • 7 Bathrooms, ADA compliance
  • Brand new utilities in 2007: 480 AMP, 3 phase power, 3 HVACs, new water and sewer lines
Documents
Title
Offer_flyer.pdf
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Location
Gallery