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628-630 NE Broadway
Portland, OR 97212
Asking Price
$2.20M
Asset Type
Creative Office Office
Class
Class B
What's Special
FOR SALE | ± 7,522 RSF Owner/User or Investment Opportunity on NE Broadway <ul><li><span style="color: rgba(33, 37, 41, 1)">Opportunity for Buyer to Occupy up to 3,202 SF ground-floor retail/restaurant space and benefit from in-place rental income</span></li><li><span style="color: rgba(33, 37, 41, 1)">Two Existing Food Service Spaces (± 1,592 SF & ± 1,610 SF)</span></li><li><span style="color: rgba(33, 37, 41, 1)">Easily Accessible Location at the Intersection of 6th and Broadway in Close Proximity to I-5</span></li><li><span style="color: rgba(33, 37, 41, 1)">The
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
