For Sale
$2,675,000

2335 29Th AvePortland, OR 97210

High-yield industrial property, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a 16,000-square-foot warehouse located at 2335 NW 29th Ave, Portland, Oregon, 97210. Situated on a 0.25-acre lot, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $213,000. Currently 100% occupied, the property features a single tenant with a perfect payment history since 2016 under an absolute net lease, eliminating landlord responsibilities. The asking price is $2,675,000. Zoned IH (Heavy Industrial), this warehouse offers approximately 11,000 square feet of usable footprint, and has undergone numerous capital upgrades. Its prime location in the desirable Northwest Portland/Guilds Lake Industrial market provides excellent access to the entire Portland Metro area. This is a unique single-tenant investment opportunity with a potential 10% cash-on-cash return through available seller financing. The property is classified as both Retail and Industrial, with the subtype specifically designated as a Warehouse.

Highlights

  • Single-tenant NNN investment opportunity in Northwest Portland with recent capital improvements.
  • 8.0% cap rate with absolute net lease; no landlord responsibilities.
  • 10% cash-on-cash return available with seller financing.
  • Excellent tenant payment history since 2016.
  • ±16,000 SF industrial building (±11,000 SF usable).
  • Prime Northwest Portland/Guilds Lake location with easy access to the entire Portland metro area.

Property Details for 2335 29Th Ave

Property type
Warehouses, Retail properties
Square Feet
16,000 SF
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5392168
Longitude
-122.7113038
2335 29Th Ave, Portland, Oregon

FAQs

What type of property is this?
Warehouse - High-yield industrial property, 100% occupied.
Where is the warehouse located?
The property is located at 2335 29Th Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: Single-tenant NNN investment opportunity in Northwest Portland with recent capital improvements.; 8.0% cap rate with absolute net lease; no landlord responsibilities.; 10% cash-on-cash return available with seller financing.
How can I contact the broker?
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2335 29Th Ave
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