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Apartments For Sale • 18,084 SF
| • Day-1 Yield & Cash Flow: $4.82M ($241k/unit); delivers 5.96% Building Cap ($272k NOI) and 5.00% Cash-on-Cash at 65% LTV (6.00% I/O). |
| • Locked NNN Income & Green Build: Retail 100% leased thru 2028/31 ($137k base + $30k CAM); 21-kW solar & open breezeways slash overhead. |
| • Pre-Stubbed Expansion Potential: $250k land value for rear 50x50 lot with stubbed utilities, allowing 12 additional units without SDCs. |
| • Prime N Williams Corridor: Top bike arterial near Legacy Emanuel & Kaiser Interstate healthcare anchors; $146k+ 1-mile avg HHI. |
| • 50-Unit Portfolio Option: Available standalone or bundled with Roseland ($4.90M) for $9.68M ($40k combined package discount). |
| • Full Due Diligence Attached: Executive Brief, OM, audited actuals, certified rent rolls, and YTD financials (thru Aug 31) posted for download. |
| Cap Rate: | 5.65 % |
| Total Expenses: | $194,981 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Grizzley Tattoo | ||
| Hopworks Urban Brewery |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 8 min | - | 2.1 mi | |
| 16 min | - | 7.2 mi | |
| Transit/Subway | Drive | Walk | Distance |
| Overlook Park (MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) | 5 min | 18 min | 0.9 mi |
| N Prescott (MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) | 3 min | 19 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Portland International | 20 min | - | 8.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Mike Carlson
Metric Real Asset Strategies Inc
Mike Carlson
Metric Real Asset Strategies Inc
