2335 29Th AvePortland, OR 97210

Property Details for 2335 29Th Ave

Year built

1919

Lot size

0.25 AC

Property size (Sq ft)

11,520 SF

Zone code

IH

Property type

Warehouses

APN

1N1E29DB 01900

APU

1N1E29DB01900

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,621,658

  Hospitality

  $3,317,420

  Educational

  $2,760,054

  Medical

  $2,854,976

  Retail

  $4,293,418

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5392

Longitude

-122.712

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].