Siletz Business Complex | 12790 SE Stark St
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Siletz Business Complex 12790 SE Stark St
11,448 SF Office Building Portland, OR 97233 $3,331,054 CAD ($291 CAD/SF)
Investment Highlights
- The Property is well-maintained by Ownership with $302,000+ recently invested into the building.
- Priced well-below replacement cost at $205 PSF.
- Close proximity to high-density surrounding residential and convenient amenities, including close proximity to Marketplace 205.
- Ample parking on-site that is electronically gated, providing security for tenants and their clients.
- Frontage on hard corner of Stark St. and 128th Ave., exposed to approximately 29,709 VPD.
- Located in a strong submarket with average household incomes of over $107k within a 5-mile radius.
Executive Summary
The Offering provides the opportunity to acquire the Siletz Business Complex, a two-story, 11,448 SF office building located at the hard corner of SE Stark St. and SE 128th, just one mile from Marketplace 205. This property has been extremely well-maintained by the current ownership with $302,000+ spent in the last 4 years on major capital improvements including roof, HVAC, parking lot, etc. The property presents an ideal opportunity for an owner-user to occupy all or part of the building. Priced competitively at $205 per square foot, this elevator-served building is offered well below its replacement cost, making it an attractive investment. Please follow this link for more information: https://hubs.la/Q02Wp30P0
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
11,448 SF
Building Class
C
Year Built
1973
Price
$3,331,054 CAD
Price Per SF
$291 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,724 SF
Slab To Slab
11’
Building FAR
0.29
Lot Size
0.91 AC
Zoning
CG
Parking
55 Spaces (4.8 Spaces per 1,000 SF Leased)
Amenities
- Signage
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | R111343 | Improvements Assessment | $1,862,586 CAD (2023) |
| Land Assessment | $1,103,527 CAD (2023) | Total Assessment | $2,966,114 CAD (2023) |
PROPERTY TAXES
Parcel Number
R111343
Land Assessment
$1,103,527 CAD (2023)
Improvements Assessment
$1,862,586 CAD (2023)
Total Assessment
$2,966,114 CAD (2023)
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Siletz Business Complex | 12790 SE Stark St
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