FOR SALE INVESTMENT OPPORTUNITY 18201 SE Stark, Portland, OR 17,500 SQUARE FT GLA LOCATION 173’ Frontage on SE Stark OFFERING PRICE $ 2,160,000 $120 PSF $7.21 PSF Absolute Net* Rents 5.72% CAP SINGLE TENANT Happy Valley Children’s Garden Daycare/Pre-School State Licensed Since 2006
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FOR SALE INVESTMENT OPPORTUNITY...FOR SALE. INVESTMENT OPPORTUNITY. 18201 SE Stark, Portland, OR. 17,500. SQUARE FT GLA. LOCATION. 173’ Frontage on SE Stark. OFFERING PRICE. $2,160,000.
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FOR SALEINVESTMENT OPPORTUNITY
18201 SE Stark, Portland, OR
17,500SQUARE FT GLA
LOCATION173’ Frontage on SE
Stark
OFFERING PRICE$2,160,000
$120 PSF$7.21 PSF Absolute Net*
Rents5.72% CAP
SINGLE TENANTHappy Valley Children’s
Garden Daycare/Pre-School State Licensed Since 2006
New 10-year absolute net lease investment opportunity in East Portland. Located on a high-traffic section of SE Stark with 173’ of frontage and 39 parking spaces in the back of the building.
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
17,500 SF @ $7.21 + Absolute Net*($10,514 per moth) $126,175
EXPENSES
Paid by Tenant-Taxes-Insurance-Maintenance (Incl. Roof & Structure)-Utilities $0
RESERVES (For HVAC over $1,000)
2% $2,523
NOI $123,652
*Tenant responsible for up to $1,000 per year maintenance on HVAC units
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Additional Investment/Business Highlights
• Stark St. location is Happy Valley Children’s Garden’s new headquarter site
• Two locations in operation, looking to open a third location due to growing demand
• 150 kids enrolled at Stark St location in three months
• Licensed with the state of Oregon for 300 kids at this facility
• Anticipate full occupancy by August of 2018• Current revenues are 10x base rent after four
months, with the capacity to double revenues• Over 50 employees
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.