9220 SE Tolbert St

Investment Highlights

High exposure from 82nd drive traffic Remodeled Interior-Exterior in 2008-09 Located in a highly desirable Clackamas area Installed 50 yr Geico roof coating system-flat roof

Executive Summary

$899,000 ($286.00/SF) Appraisal report in hand by L3 Valuation- As Is Market Value at $299.00/SF. The subject is 100% tenant occupied with new 2 & 5 year leases starting 2024. This 2-story remodeled property is located in a highly desirable/high traffic area. Below market rents. Strong Tenants.The Cost Approach is not considered a reliable indicator of value given the need to estimate accrued depreciation on the older buildings. The Income Approach was not included as the buyers of these type of properties are not analyzing the income making potential of this property type. Due to its size would more than likely be an owner-user property, hence using the Sales Comparison Approach. Over the years the 3 spaces have been occupied by physical therapists, cell phone sales, insurance office, cosmetology salon, coffee shop etc.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Freestanding General Retail Restaurant General Retail Storefront Storefront Retail/Office
• Building Size    3,140
• Building Class    C
• Year Built    1955
• Price    899,000
• Price Per SF    286
• Cap Rate    5.35
• NOI    48,121
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.36
• Land Acres    0.20 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Corner Lot
• Dedicated Turn Lane
• Fireplace
• Restaurant
• Signage
• Signalized Intersection
• Tenant Controlled HVAC
• Drive Thru
• Wheelchair Accessible
• Storage Space
• Recessed Lighting
• Air Conditioning