2335 29Th AvePortland, OR 97210

For Sale
$2,675,000

High-yield industrial property, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 16,000-square-foot warehouse located at 2335 NW 29th Ave, Portland, Oregon, 97210. Situated on a 0.25-acre lot, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $213,000. Currently 100% occupied, the property features a single tenant with a perfect payment history since 2016 under an absolute net lease, eliminating landlord responsibilities. The asking price is $2,675,000. Zoned IH (Heavy Industrial), this warehouse offers approximately 11,000 square feet of usable footprint, and has undergone numerous capital upgrades. Its prime location in the desirable Northwest Portland/Guilds Lake Industrial market provides excellent access to the entire Portland Metro area. This is a unique single-tenant investment opportunity with a potential 10% cash-on-cash return through available seller financing. The property is classified as both Retail and Industrial, with the subtype specifically designated as a Warehouse.

Highlights

  • Single-tenant NNN investment opportunity in Northwest Portland with recent capital improvements.
  • 8.0% cap rate with absolute net lease; no landlord responsibilities.
  • 10% cash-on-cash return available with seller financing.
  • Excellent tenant payment history since 2016.
  • ±16,000 SF industrial building (±11,000 SF usable).
  • Prime Northwest Portland/Guilds Lake location with easy access to the entire Portland metro area.

Property Details for 2335 29Th Ave

Property type
Other warehouses, Other retail properties
Square Feet
16,000 SF
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5392168
Longitude
-122.7113038
2335 29Th Ave, Portland, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2335 29Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message