Ellen Browning building 2871 SE Division St Immeuble residentiel 10 lots À vendre Portland, OR 97202

The Ellen Browning Building is a best-in-class mixed-use building located along the thriving retail corridor of SE Division Street. Built in 2022 with no expense spared, EBB offers 10 existing apartment units ranging from 964 SF to 3,988 SF, averaging 2,187 SF, and a top floor space that is currently used as common area, but is approved as an apartment unit. CBRE underwriting assumes the top floor will be converted to a +/- 4,500-SF penthouse unit. With the penthouse, the 11 units will average 2,398 SF. In addition to the apartments, the building includes 2,956 SF of prime retail space on the ground floor. The subterranean parking garage offers 16 spaces and six large storage units. This is an opportunity to acquire a generational trophy asset at a significant discount to replacement cost that will never be duplicated.
Link to CBRE Confidentiality Agreement and Offering Memorandum: https://www.cbredealflow.com/buyer/findprofile?pv=Z-I9J549zUFsSziezRAUlEZSRQZ_J8pHhaJe57yNnt3syFps9VLZ2TRS8ZWuzVicdNXYh8AZ5enuVbLm7-VLyg
Please contact the listing brokers, Matt Dodd and Sean Milligan, for pricing guidance and more information.