Bought with Non Rmls Broker
$16,616,000
$17,655,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
32,100 SqFt
SOLD DATE : 06/30/2022
Key Details
Sold Price $16,616,000
Property Type Commercial
Sub Type Income
Listing Status Sold
Purchase Type For Sale
Square Footage 32,100 sqft
Price per Sqft $517
MLS Listing ID 22009211
Sold Date 06/30/22
Year Built 1959
Annual Tax Amount $91,208
Tax Year 2020
Lot Size 1.170 Acres
Property Sub-Type Income
Property Description
Unique Opportunity to acquire a single tenant net leased investment.The property is leased to Target Corporation on a 10-yr initial term w/ +/-6.5 yrs remaining. This location is Portland's 1st ?small format? Target, which refers to the store?s size of +/- 32,000 SF. This flexible designs lets Target bring the best of the Bullseye into urban neighborhoods where a full-size Target wouldn?t fit, but still provide excellent shopping experiences for locals. Approx. +/-58,000 VPD.
Location
State OR
County Multnomah
Area _143
Zoning CC
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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