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223 SE 3rd Ave
Portland, OR 97214
Asking Price
Contact for price
Asset Type
Distribution Industrial
Class
Class B
What's Special
223 SE 3rd Ave, Portland, OR 97214 <ul><li>Built in 1936, with historic significance</li><li>Cooler/power upgrades in 2022</li><li>Architecture conducive to adaptive re-use</li><li>Versatile IG1 zoning</li><li>Located in the thriving Close-in SE Portland area</li><li>3 recessed dock doors and 1 grade door</li><li>Clear height 1st floor: 14'4"</li><li>Clear height 2nd floor: 11'9" to 19'4"</li><li>Freight elevator with 7,000lb capacity</li><li>Property Taxes: $21,344.69</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
