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120 SW Grover StPortland, OR 97239
The Historic Vance Land Company Warehouse
Asset ClassOffice, Industrial
Deal Size$3.01 M
Cap Rate: 7.5%Access Data Room
Multi-Tenant Office Building Investment Opportunity
overview of deal

Overview

Renovations Completed in 2018 | CM2 Zoning Sale Price: $3,010,000 ($137/SF) CAP Rate: 7.5% Gross Land Area: 5,000 SF (0.11 AC) Rentable SF: 21,935 SF

Investment Highlights

  • Short term leases allow for buyer to capture upside in a changing market
  • Building is a mix of maker and studio space
  • Significant Capex and renovations completed by current ownership
  • Close-in location but outside the CBD
  • Irreplaceable character building with historic designation. Upper spaces feature plentiful natural light
  • Building is served by freight elevator which is compatible with the maker use
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deal gallery image
120 SW Grover StPortland, OR 97239
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