8628 SE 17th Ave Portland, OR 97202

Listing agency Northmarq Show Phone

Listed by Kevin Adatto · License #WA 85667

Source Crexi

Added: Apr 11 Updated: Jul 21 at 8:29PM Checked: Jul 21 at 8:29PM

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Investment Insights

Based on property information with market context.

This offering consists of two buildings on one parcel featuring a mix of residential and retail components. The first building is described as 2017 construction and contains four industrial-style apartment units, which have been occupied since inception. The same property includes three ground-floor retail suites, with two of the suites previously impacted due to Covid and more recently seeing some leasing activity.

The second building was completely renovated in 2015 and is currently 100% occupied by Uno Dos Tres, a bilingual preschool and childcare operator. The tenant began the lease in 2015 for the entire building and expanded its floor plan to a ground-floor suite in 2017 on a long-term lease, with over nine years remaining on the firm lease term.

The configuration provides an owner a combination of residential income from the industrial-style apartment units and retail income from the ground-floor suites, alongside a fully occupied preschool and childcare building.

Key Highlights

• Two‑building mixed‑use property on one parcel in Portland, Oregon
• First building includes four industrial‑style apartment units constructed in 2017, occupied since inception
• Includes three ground‑floor retail suites; two were impacted by Covid and have recently seen some leasing activity

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FAQs

What type of property is this?

Mixed-use property - Two-building mixed-use property includes industrial-style apartments plus three ground-floor retail suites.

Where is this mixed-use property located?

The property is located at 8628 SE 17th Ave Portland, OR.

What are key features of this property?

This property features: Two‑building mixed‑use property on one parcel in Portland, Oregon; First building includes four industrial‑style apartment units constructed in 2017, occupied since inception; Includes three ground‑floor retail suites; two were impacted by Covid and have recently seen some leasing activity