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323-325 NW 13th Ave
Portland, OR 97209 Pearl

$2,247,000 USD

Office Condo For Sale  •  3,306 SF

Property Details

  • Property Type Office
  • Total Building Size 48,058 SF
  • Lot Size 0.46 AC
  • Building Class B
  • Year Built 1939
  • Tenancy Multiple
  • Zoning EXD
80 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 333 Retail 3,306 SF $2,247,000 USD
  • Unit Size: 3,306 SF
  • Condo Use: Retail
  • Price: $2,247,000 USD
  • Sale Type: Investment
  • Price/SF: $679.67 USD
Sale Notes
Single Tenant NNN Leased Investment Opportunity in Portland's Pearl District
100% Leased | High Profile Restaurant

Rentable SF: 3,306 SF
Sale Price: $2,247,000 ($680/SF)
CAP Rate: 6.50%
Tenant: Mediterranean Exploration Company

Highlights

Mediterranean Exploration Company has leased the space since 2014
MEC Recommitted with a New 5-Year Lease, Thru March 31, 2031
Vibrant Pearl District is Home to Many Notable Retailers, Employers, and Residential Apartments and Condos

Property Flyers

Amenities

  • Controlled Access
  • Restaurant
  • Signage
  • Monument Signage
  • Outdoor Seating
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) 2 min 11 min 0.6 mi
Beaverton Transit Center (West Side Express) (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 14 min - 8.1 mi
Transit/SubwayDriveWalkDistance
Nw 11Th & Everett (Portland Streetcar - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 1 min 3 min 0.2 mi
Nw 11Th & Glisan (Portland Streetcar - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 1 min 3 min 0.2 mi
Nw 10Th & Glisan (Portland Streetcar - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 4 min 0.2 mi
Nw 10Th & Everett (Portland Streetcar - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 4 min 0.2 mi
Nw 11Th & Couch (Portland Streetcar - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 4 min 0.3 mi
AirportDriveWalkDistance
Portland International 21 min - 11.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Nicholas Diamond 503-222-2655 Capacity Commercial Group LLC
Nicholas Diamond 503-222-2655 Capacity Commercial Group LLC