1015 NW Lovejoy St Portland, OR 97209

Building Details

Year Built

2007

Listing agency Northmarq - Seattle

Listed by Sean Tufts · License #WA 74057

Source Crexi

Added: Mar 25 Updated: Jul 21 at 3:43AM Checked: Jul 21 at 3:43AM

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Investment Insights

Based on property information with market context.

This offering is a 16,893 SF retail condo in Portland’s Pearl District, delivered 100% leased to four service-based, appointment-driven tenants. The property is structured on NNN leases, with annual scheduled rent increases provided by two of the four tenants. Chase Bank occupies the largest portion of the space at 33%, and has operated at the location for 15 years with a brand new 5-year extension. Additional tenants include The Aesthetic Experience on a new 10-year lease, Hosmer Chiro Health with 15+ years at the location, and Barre3 with 17+ years at the location.

The property is part of The Blocks mixed-use portfolio, consisting of 10 buildings and approximately 94,000+ SF of retail. It is supported by roughly 1,200 nearby residential condo units and strong walkable density. The address is 1015 NW Lovejoy St, Portland, OR 97209.

Key Highlights

• 16,893 SF retail condo in Portland’s Pearl District built in 2007
• 100% leased to 4 tenants on NNN lease structure with scheduled annual rent increases
• Chase Bank occupies 33% of the space and has operated at the location for 15 years with a new 5‑year extension

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FAQs

What type of property is this?

Retail space - 16,893 SF retail condo is 100% leased to four tenants on NNN terms with scheduled annual rent increases.

Where is this retail space located?

The property is located at 1015 NW Lovejoy St Portland, OR.

What is the asking price?

The asking price for this property is $8,660,000.

What are key features of this property?

This property features: 16,893 SF retail condo in Portland’s Pearl District built in 2007; 100% leased to 4 tenants on NNN lease structure with scheduled annual rent increases; Chase Bank occupies 33% of the space and has operated at the location for 15 years with a new 5‑year extension