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3601 S RIVER Pky - The John Ross Retail Condo 8,041 sq ft Retail Unit Offered at £2,096,156 in Portland, OR 97239
INVESTMENT HIGHLIGHTS
- Retail Condo Located Within The John Ross Mixed-Use Condominium Building - LEED Certified - Built 2007
- Fantastic Owner-User or Investment Opportunity with 2 Vacant Spaces and 1 Fully Leased
- Nearby I-5, Highway 43, Highway 26 as well as Portland Street Car Line, MAX Light Rail Orange Line
- High Traffic Area with Over 2,250 Apartment/Condo Units in the South Waterfront District
- Priced to Sell Together or Individually
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Property Size | 576,816 sq ft | Typical Floor Size | 14,194 sq ft |
| Property Type | Build-to-Rent (Unit) | Year Built | 2007 |
| Property Subtype | Apartment | Total Plot Size | 0.00 ac |
| Costar Property Class | A | Parking Allocation | 0.5/1,000 sq ft |
| Floors | 31 | ||
| Use Class | Commercial | ||
| Total Property Size | 576,816 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | A |
| Floors | 31 |
| Typical Floor Size | 14,194 sq ft |
| Year Built | 2007 |
| Total Plot Size | 0.00 ac |
| Parking Allocation | 0.5/1,000 sq ft |
| Use Class | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Wooden Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Carpet
- Island Kitchen
SITE AMENITIES
- Controlled Access
- Concierge
- Courtyard
- Fitness Centre
- Laundry Facilities
- Picnic Area
- Waterfront
- Grill
- Roof Terrace
- Lift
1 UNIT AVAILABLE
Unit A-3
| Unit Size | 8,041 sq ft | Sale Type | Investment |
| Price | £2,096,156 | Net Initial Yield | 6.71% |
| Price Per sq ft | £260.68 | NOI | £140,650.66 |
| Unit Use | Retail |
| Unit Size | 8,041 sq ft |
| Price | £2,096,156 |
| Price Per sq ft | £260.68 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 6.71% |
| NOI | £140,650.66 |
SALE NOTES
Retail Condo in Portland's Highly Sought After South Waterfront!
Owner-User / Investment Opportunity
--------------------
Space A-3 (Fully Leased)
Total Space: 8,041 SF
Sales Price: $2,814,350 ($350/sf)
Actual NOI: $188,841
Actual CAP: 6.70%
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 450 | - | - |
Walk Score®
Easily Walkable (82)
Transit Score®
Excellent Public Transport (76)
Bike Score®
Ideal For Cyclists (95)
CONTACTS
-
Nicholas Diamond -
Riley Henderson -
George Diamond -
Capacity Commercial Group LLC
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MATTERPORT 3D TOUR
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3601 S RIVER Pky - The John Ross Retail Condo
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