The Alexander 1001 SE Division St

1001 SE Division St , Portland, Oregon, 97202 | 9,114 sq.f | $ 3,000,000

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About This Restaurant

Investment Highlights

Prime SE Location Minutes to Downtown Portland and Freeway Access Bike and Pedestrian Friendly, Near Mass Transit Tall Ceiling Throughout Ground Floors, Finished Concrete Flooring Throughout, Exposed Wood Truss Ceilings, Lots of Natural Light. Vibrant Local Neighborhood In a Creative Office, Retail and Dining District, Being Near a Strong Demographic Residential Area High Visibility on Major Arterial with Significant Foot and Auto Traffic Mixed Use Investment / Owner User Opportunity

Executive Summary

100% Leased. Owner will look at all reasonable offers. Call for additional informationProperty is mixed use industrial, retail and office in popular close in location containing the following:-4350sf 5yr or original term w/5 yr option to renew. Leased to Akadi PDX, 2017 built out 2nd generation restaurant, bar and dining area, kitchen with hood & kitchen equipment in place, ADA bathrooms, office and storage, 2 roll up doors to the sidewalk fronting Division St. -3430 sf of Leased to Asian Imports Automotive Services w/roll up door to SE 10th, sealed concrete floors, bow strung roof, significant electrical and plumbing in place, roll up door to street, sprinklered, bathroom and shower. -1131 sf of newly remodeled in 2021, leased offices on the 2nd floor, private bathroom and kitchen/break area, access to private deck above.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    1031 Exchange
  • Property Type    Retail Retail General Retail Restaurant OfficeLoft Creative Space Industrial Service Retail
  • Building Size    9,114
  • Building Class    C
  • Year Built/Renovated    1900/2017
  • Price    3,000,000
  • Price Per SF    329
  • Cap Rate    6.64
  • NOI    199,200
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    1.10
  • Land Acres    0.19 AC

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Roof Terrace
  • Air Conditioning

Nearby Amenities & Transportation

Retail Jack In The Box
Retail Soccer Shots
Retail New Seasons Market
Retail Royal Bank of Canada
Retail Tempo
Retail barre3
Retail Fit Body Boot Camp
Retail Chase
Retail Starbucks
Retail Lil' Kickers

Property Taxes

Parcel Number R276051 Improvements Assessment $0
Land Assessment $0 Total Assessment $809,460
Date Created: 2024-07-16 04:18:10 Last Updated: 2024-07-16 04:18:10
Address: 1001 SE Division St , Portland, Oregon, 97202