INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Value-Add or Owner/User opportunity - Stabilized Cap rate of 15.27%
- Recent property renovations
- Healthcare-anchored by mission-driven operators
- Flexible zonng (CX)
RÉSUMÉ ANALYTIQUE
Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Professional Plaza 102, a value-add or owner/user medical office opportunity in Portland, OR’s Gateway District. Currently 52.6% occupied, the property offers ±24,800 square feet of vacancy, allowing investors to increase NOI from $403,350 to over $1 million annually at stabilization—yielding a 15.27% cap rate. Priced at just $130/SF, well below replacement cost and recent comps ($156–$193/ SF), the asset offers exceptional basis in a core location. Anchored by essential healthcare and public service tenants including Multnomah County, Yakima Valley Farm Workers Clinic, and New Narrative, the property benefits f rom s trong t enant a lignment a nd n early 4 0% of GLA leased to tenants with over five y ears o f t enure. R ecent renovations include new roofs, siding, HVAC units, and parking lot upgrades. Located near Kaiser Permanente Gateway, Adventist Medical Center, and The Oregon Clinic, the site is well-positioned for long-term demand and tenant retention. The property offers excellent access via I-205, I-84, MAX light rail, and multiple transit routes. All current tenants are on NNN leases, providing strong expense recovery. Situated on a 3.1-acre lot with ample parking, the property is zoned Central Commercial (CX), allowing for a wide range of uses including medical, office, retail, and mixed-use. The Gateway submarket boasts a low 3.5% vacancy rate and 3.9% average annual rent growth over the past decade. Multiple signage locations and staggered * lease expirations across the currently occupied suites provide visibility, flexibility, and predictable income
INFORMATIONS SUR L’IMMEUBLE
Prix | 5 797 316 € |
Prix/m² | 1 383 € / m² |
Taux de capitalisation | 5,92 % |
Type de vente | Investissement ou propriétaire occupant |
Statut | Actif |
Nb de biens | 4 |
Individuellement en vente | 0 |
Surface totale de l’immeuble | 4 193 m² |
Surface totale du terrain | 5,02 ha |
Biens
NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
---|---|---|---|---|
Building 1
121-185 NE 102nd Ave, Portland, OR 97220 |
Bureau | 3 053 m² | 1980 | - |
Building 4
127 NE 102nd Ave, Portland, OR 97220 |
Bureau | 568 m² | 1973 | - |
Building 3
125 NE 102nd Ave, Portland, OR 97220 |
Bureau | 407 m² | 1973 | - |
Building 2
129 NE 102nd Ave, Portland, OR 97220 |
Bureau | 165 m² | 1973 | - |
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