Receivership Value-Add | Located Near I-84 | 3300 NE Broadway St
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Receivership Value-Add | Located Near I-84 3300 NE Broadway St
27,000 SF Vacant Flex Building Online Auction Sale Portland, OR 97232
Investment Highlights
- Value-add opportunity located in Portland’s Hollywood District and offering proximity to Interstate 84.
- CM3 zoning, affording usage flexibility for this easily accessible landmark asset.
- Major employers within the Portland metro area include Nike, Adidas, Boeing, Intel, Columbia, and more.
- Receivership investment, prominently located, and listed on the National Register of Historic Places.
- 3300-3324 NE Broadway Street is located approximately 15 minutes from Downtown Portland and Portland International Airport.
Executive Summary
The Aircraft Factory, also known as Gordon’s Fireplace Building, is a unique development opportunity at 3300-3324 NE Broadway Street in Portland’s historic Hollywood District. This property, built in 1918, is situated on a 0.41-acre lot and offers a total building area of 25,665 square feet, making it ideal for diverse commercial and mixed-use projects. Zoned CM3, the property allows for various development possibilities, all while preserving its place as part of Portland’s historical fabric.
The location is highly visible from Interstate 84, providing excellent exposure and easy access to major Portland metro thoroughfares, including just a 15-minute drive to Portland International Airport and Downtown Portland. With a Walk Score of 95, Bike Score of 84, and Transit Score of 67, the area is exceptionally walkable and accessible. The surrounding neighborhood is vibrant, with a population of approximately 30,433 people within a 1-mile radius and an average household income exceeding $163,000.
This prime location in a dynamic community offers investors the chance to transform a piece of Portland’s history into a modern, thriving space.
The location is highly visible from Interstate 84, providing excellent exposure and easy access to major Portland metro thoroughfares, including just a 15-minute drive to Portland International Airport and Downtown Portland. With a Walk Score of 95, Bike Score of 84, and Transit Score of 67, the area is exceptionally walkable and accessible. The surrounding neighborhood is vibrant, with a population of approximately 30,433 people within a 1-mile radius and an average household income exceeding $163,000.
This prime location in a dynamic community offers investors the chance to transform a piece of Portland’s history into a modern, thriving space.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- National Register of Historic Places Registration
- Tax Bills
- Bureau of Development Services
- Construction Budget
- Disbursements & Approvals
- Immediate Repairs
- Permits & Licenses
- Proforma Apartment Redev
- Purchase Agreement
- Third Party Reports
- Title and Insurance
View More Documents
Market Analytics Click Here to Access
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Market Sale Price per SF
Portland - OR USA
Market Cap Rate
Portland - OR USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type | Investment | Lot Size | 0.41 AC |
Sale Conditions | Auction Sale | Rentable Building Area | 27,000 SF |
Property Type | Flex | No. Stories | 4 |
Property Subtype | Showroom | Year Built | 1918 |
Building Class | B | Parking Ratio | 0.74/1,000 SF |
Sale Type | Investment |
Sale Conditions | Auction Sale |
Property Type | Flex |
Property Subtype | Showroom |
Building Class | B |
Lot Size | 0.41 AC |
Rentable Building Area | 27,000 SF |
No. Stories | 4 |
Year Built | 1918 |
Parking Ratio | 0.74/1,000 SF |
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Call for pricing and tours.
Space | Size | Space Use | Condition | Available |
1st Floor | 2,950-7,000 SF | Office/Retail | Shell Space | Now |
1st Floor
Size |
2,950-7,000 SF |
Space Use |
Office/Retail |
Condition |
Shell Space |
Available |
Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
Size | 2,950-7,000 SF |
Space Use | Office/Retail |
Condition | Shell Space |
Available | Now |
Call for pricing and tours.
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (84)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Portland
653,115
4
0 h 8 m
Seattle
744,955
174
3 h 26 m
Spokane
219,190
351
6 h 36 m
Boise
228,790
427
7 h 50 m
Reno
250,998
552
10 h 55 m
Sacramento
508,529
583
11 h 10 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,253,570
Total Labor Force
715,756
Unemployment Rate
3.92%
Median Household Income
$81,128
Warehouse Employees
106,376
High School Education Or Higher
93.30%
$ values in USD
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 CAD | |
Land Assessment | $0 CAD | Total Assessment | $1,269,819 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,269,819 CAD
zoning
Zoning Code | EX |
EX |
Sale Advisors
Ryan Imbrie, Executive Director
(503) 208-9403
Contact
Ryan Imbrie, CCIM is an accomplished commercial real estate broker with SVN Commercial Real Estate with a resume of investment transaction volume in excess of $500 million. As the Retail Product Council Chair for SVN International, Ryan works with clients nationwide to maximize the value of retail assets that he and his team market for sale. As a result of Ryan’s sales volume, he has been recognized nine times by SVN with their Partner’s Circle Award, President's Circle Award and Achiever awards. The awards that Ryan is most proud of is the CCIM Transaction of the Year – an award bestowed upon a broker who exemplifies creativity, professional skills, integrity and perseverance in a transaction. Ryan received this award in 2014, 2016 and 2018.
Ryan’s time is dedicated to specializing in the sale of single-tenant and multi-tenant retail properties. One active investor who has worked with Ryan’s team stated, “I have worked with no other brokers in the Northwest area who can match their skills.” Ryan’s financial acumen, creativity and transactional experience have made Ryan an invaluable asset to his clients.
Prior to his real estate career, Imbrie worked for Xerox Corporation as senior analyst. His position was in the Color Printing and Imaging Division where he was responsible for managing an annual budget of $160 million and representing the company as the financial liaison in local union negotiations.
Ryan earned a bachelor's degree from Oregon State University. In the fall of 2011, Ryan earned the coveted Certified Commercial Investment Member (CCIM) designation from the CCIM Institute.
Ryan’s time is dedicated to specializing in the sale of single-tenant and multi-tenant retail properties. One active investor who has worked with Ryan’s team stated, “I have worked with no other brokers in the Northwest area who can match their skills.” Ryan’s financial acumen, creativity and transactional experience have made Ryan an invaluable asset to his clients.
Prior to his real estate career, Imbrie worked for Xerox Corporation as senior analyst. His position was in the Color Printing and Imaging Division where he was responsible for managing an annual budget of $160 million and representing the company as the financial liaison in local union negotiations.
Ryan earned a bachelor's degree from Oregon State University. In the fall of 2011, Ryan earned the coveted Certified Commercial Investment Member (CCIM) designation from the CCIM Institute.
Carl Grending, Vice President
(503) 208-9396
Contact
Experienced Senior Advisor with a with a primary focus on retail leasing and sales in the commercial real estate industry. Over the years Carl has worked with many local and National brands helping them procure strategic locations for expansion and success. Carl brings a value-add to his clients by utilizing his in-depth market analysis and business background to help his clients achieve their goals.
Since beginning his career in the commercial real estate market, Carl has worked with many different types of companies, ranging from restaurants, to mattress stores, to trampoline parks. With his background in business, an MBA, and a CCIM, he can help navigate the complexities of the purchase/sale or leasing of a property. Carl’s in-depth knowledge of finance and commercial real estate allow him to create effective strategies to meet his customers’ needs and objectives.
Over the years, Carl has managed companies and owns property, which gives him the understanding in all aspects of business operations including financial management, contract negotiation, administration, and organizational policy and procedures. Carl seeks to build strong relationships and deliver quality service in every transaction.
Since beginning his career in the commercial real estate market, Carl has worked with many different types of companies, ranging from restaurants, to mattress stores, to trampoline parks. With his background in business, an MBA, and a CCIM, he can help navigate the complexities of the purchase/sale or leasing of a property. Carl’s in-depth knowledge of finance and commercial real estate allow him to create effective strategies to meet his customers’ needs and objectives.
Over the years, Carl has managed companies and owns property, which gives him the understanding in all aspects of business operations including financial management, contract negotiation, administration, and organizational policy and procedures. Carl seeks to build strong relationships and deliver quality service in every transaction.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X RE Arlene Richardson RE Brkr 201215355
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Receivership Value-Add | Located Near I-84 | 3300 NE Broadway St
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