Fully Performing Commercial Center

12930 & 12950 SW Pacific Highway Portland, OR 97223

12930 & 12950 SW Pacific Highway, Portland, OR, 97223
12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223 12930 & 12950 SW Pacific Highway, Portland, OR, 97223
FOR SALE
Property Type:
Strip Center
Amount:
$5,695,000
Last Verified:
Oct 11, 2024

Daily Email Blast
0 times


Highlights

  • NEW TO MARKET
  • $448,126 GSR + NNN
  • NOI - $414,517 (IN PLACE)
  • 7.28% CAP RATE - IN PLACE
  • 7.59% CAP RATE - PROFORMA
  • All NNN Leases
  • Upside Potential Lease Rates: $12-$20/SF/Year + NNN
  • Recently Remodeled
  • New Roof
  • CG Zone (mixed use friendly)
  • High Visibility Location & Signage
  • 38,000 Vehicles Per Day
  • Close to Freeway Access
  • Ample Onsite Parking
  • Bus Stop Location

Description

NEW TO MARKET! Introducing a prime investment opportunity in the heart of Tigard, Oregon on Highway 99. Two commercial buildings totaling 22,896 SF, constructed in 1972 and 1993 recently remodeled, offers a lucrative prospect for retail/strip center investors. Zoned CG and boasting a 100% occupancy rate, this fully performing property presents a stable income stream with significant potential for growth. Additional Value-Ad with addition of a food truck pod. The property features a modern design, ample parking, and high visibility, making it an attractive option for retail businesses. With a strong tenant base and a well-maintained structure, this property is an ideal addition to any investment portfolio. Don't miss the chance to capitalize on this outstanding retail real estate opportunity in a sought-after location.

Asset Features:
1.    Extensive exterior upgrades with new roofing, paint, siding, landscaping, signage, and resurfaced parking lot.
2.    Wood flooring with high crawl spaces provides TI plumbing flexibility
3.    Two new monument signs.
4.    Meticulously maintained with no delayed maintenance.
5.    No delayed maintenance
6.   HVAC in good repair.
7.   Structures solidly built and easy to maintain.
8.   Very secure location in the more affluent Portland suburbs
9.   Professionally managed
10.   Plans in place for very lucrative food cart pod.
11.   Space in back for value added activity, (no building)
12.   Comcast cable and Zippy fiber
13.   Uses: Office, Retail, Professional Services, Personal Services, Food, Religious and Civic.
14.   Plaza has a good vibe with community feel.

10 miles South of downtown Portland. 2 miles West of I-5. 1 mile from highway 217.


Year Built: 1993
Building Size: 22896sq ft
Lot Size: 0.75 acres


Documents

Hudson Plaza Brochure 11.7.22-compressed.pdf
Offering Memorandum (Sale - L)

Map of 12930 & 12950 SW Pacific Highway, Portland, OR, 97223

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.