11703-11731 ne glisan street, portland oregon · 11703-11731 ne glisan street, portland oregon 1800...
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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 [email protected]
Seth Platsman 503.416.0091 [email protected]
FOR MORE INFORMATION, CONTACT:
Glendoveer Office Park - Excellent Leased Investment Opportunity
FOR SALE
NE Glisan St
NE
117t
h A
ve
NEW PRICE 100% Leased
WWW.MACADAMFORBES.COM | 503.227.2500
PROPERTY INFORMATION
BUILDING SIZE8,259 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
11703900 SF
11705500 SF
11707600 SF
11711 & 117151,675 SF
11717 - 117232,175 SF
117311,409 SF
Basement1,040 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
DEMOGRAPHICS1 Mile 3 Miles
Population 23,744 183,094Households 9,290 69,070Median HH Income $46,648 $49,685Pop. Growth ‘17-’22 á6.2% á6.0%HH Growth ‘17-’22 á6.1% á6.0%