10925 SW Greenburg Rd Portland, OR 97223

This industrial investment property is located in Tigard, Oregon. The property is leased to Caliber Collision through May 31, 2027, with rent increases and options to extend. The business has been continually operated onsite for 34 years. The location is just off Hwy 217 and the Greenburg Rd exit, in the Tigard / Hwy 217 Submarket, located in SW Portland. The site is located very close to the SW Greenburg Rd Exit on Hwy 217 and only a few miles from the Hwy 217 / I-5 interchange. The property is an absolute net lease offering, with no landlord responsibilities for maintenance. A new roof was completed in 2017. Abra signed a new 10-year lease in 2017, which was assigned to Caliber in November 2019. The lease term offered 5 years of flat rent followed by 5 years of annual increases of 2.5% each. The remaining lease term in place is approximately 6.5 years, ending in May 2027. 40% of the base rent from April 2020 – June 2020 was deferred, totaling $38,821.93. It is to be paid back in monthly installments between October 2020 and September 2021 – totaling $3,235.16 per month. Zoning on the property is MUC (Mixed Use Commercial), by the City of Tigard. Primary uses allowed include office buildings, retail, and service uses. Also allowed are mixed-use developments and housing at densities of 50 units per acre. Larger buildings are encouraged in this area with parking under, behind, or to the sides of buildings.