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Metropolitan @ The Blocks

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Metropolitan @ The Blocks

1015 1035 NW Lovejoy St, Portland, OR 97209
Retail For Sale Available Built 2007 1 floors
Asking Price
$8,660,000
Total Building16,893 SF
Available16,893 SF avail
Land186 SF land
MarketNot Assigned
CountyMultnomah

Read Overview
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Overview

Property ID
306590
Listing ID
710701
Type
Retail
Asset Class
Retail
Zoning

Description

• 16,893 SF retail condo in Portland’s Pearl District, 100% leased to 4 tenants• All tenants operate on a NNN lease structure with annual scheduled rent increases provided by 2 of the 4 tenants• Chase Bank occupies the largest percentage of space at 33%, and has operated at this location for 15 years with a brand new 5-year extension• Additional tenants include The Aesthetic Experience (new 10-year lease), Hosmer Chiro Health (15+ years at this location), and Barre3 (17+ years at this location)• Tenancy is exclusively service-based and appointment-driven: banking, aesthetics/wellness, chiropractic, and fitness• Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+ SF retail)• Supported by ~1,200 nearby residential condo units and strong walkable density

Listing Courtesy of:

ST
Sean Tufts
Northmarq Commercial, LLC
130 Nickerson Street, Ste 211,
Seattle, WA 98109
State: OR City: Portland ZIP: 97209 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.