11703-11731 ne glisan street, portland oregon 11703-11731 ne glisan street, portland oregon 1800 sw

11703-11731 NE Glisan Street, Portland Oregon 11703-11731 NE Glisan Street, Portland Oregon 1800 SW
11703-11731 NE Glisan Street, Portland Oregon 11703-11731 NE Glisan Street, Portland Oregon 1800 SW
11703-11731 NE Glisan Street, Portland Oregon 11703-11731 NE Glisan Street, Portland Oregon 1800 SW
11703-11731 NE Glisan Street, Portland Oregon 11703-11731 NE Glisan Street, Portland Oregon 1800 SW
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  • 11703-11731 NE Glisan Street, Portland Oregon

    1800 SW First Avenue, Suite 650 | Portland OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500

    Joe Kappler 503.972.7294 joek@macadamforbes.com

    Seth Platsman 503.416.0091 seth@macadamforbes.com

    FOR MORE INFORMATION, CONTACT:

    Glendoveer Office Park - Excellent Leased Investment Opportunity

    FOR SALE

    NE Glisan St

    N E

    11 7t

    h A

    ve

    NEW PRICE 100% Leased

  • WWW.MACADAMFORBES.COM | 503.227.2500

    PROPERTY INFORMATION

    BUILDING SIZE 8,259 SF

    LAND AREA 19,542 SF

    ZONING CO1 - Office Commercial 1, City of Portland

    NOI $44,797

    SALE PRICE $950,000

    PROFORMA CAP RATE 7.21%

    FEATURES • 12 surface parking spaces

    • Basement storage

    • Average Daily Traffic Count: 23,714

    • Frontage on NE Glisan Street

    • Easy access to I-205 and I-84

    OCCUPANCY Currently the property is 100% leased except for the lower level (1,031 SF)

    Leased at below market rates and leases are expiring soon.

    TENANTS Hair By Kim Nightingale Home Health Mt. Hood Community College Portland Professional Pharmacy Jasmar Reddin, Chiropractor

  • WWW.MACADAMFORBES.COM | 503.227.2500

    SITE PLAN

    11703 900 SF

    11705 500 SF

    11707 600 SF

    11711 & 11715 1,675 SF

    11717 - 11723 2,175 SF

    11731 1,409 SF

    Basement 1,040 SF

    *Drawing is not to scale

  • WWW.MACADAMFORBES.COM | 503.227.2500

    LOCATION & AMENITIES

    Glendoveer Golf

    Mall 205

    Rocky Butte Park

    • Portland Coffee Shop • Pig ‘N Pancake • La Isla Bonita • Starbucks • Mod Pizza • McGillacuddy’s Sports Bar &

    Grill • Muchas Gracias • McMenamins Mall 205 • Burgerville

    DINING

    RETAIL

    • Walgreen’s • Safeway • Winco • Dollar Tree • The Outer Rim Bicycle Shop • Kohl’s • Fred Meyer • Big 5 Sporting Goods • Auto Zone

    TRANSPORTATION

    • MAX Blue Line • TRIMET Bus Stop

    DEMOGRAPHICS 1 Mile 3 Miles

    Population 23,744 183,094 Households 9,290 69,070 Median HH Income $46,648 $49,685 Pop. Growth ‘17-’22 á6.2% á6.0% HH Growth ‘17-’22 á6.1% á6.0%

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