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3004-3016 Northeast Broadway
Portland, OR 97232
Asking Price
$1.91M
Cap Rate
6.1%
Asset Type
Storefront Retail
Class
Class B
What's Special
LONG-TENURED DAILY NEEDS RETAIL ACROSS FROM A TOP FRED MEYER <p>• STABLE NATIONAL AND SERVICE-ORIENTED TENANCY: The Property is leased to a mix of national and local service-oriented tenants, providing exposure to wireless, specialty retail, and healthcare uses.</p><p>• SMALL TENANT SPACES MAKE FOR EASY RE-TENANTING: With suites ranging in size from 1,000–2,000 square feet, there is a plentiful pool of available tenants, acting as a hedge against vacancy.</p><p>• OFF-STREET PARKING: It is rare for a retail property of this size in this location to be able
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NOI
$80,000
Cap Rate
4.19%
DSCR
0.71
Underwater
Cash-on-Cash
-5.83%
Monthly Payment
$9,449.638
Annual Cash Flow
$-33,395.654
