The information contained in this marketing brochure is proprietar y and strictly confidential It is intended to be reviewed only by the par t y receiving it from Commercial Integrit y, NW and should not be made available to any other persons or entities without written consent of Commercial Integrit y, NW. The information contained herein has been prepared to provide summar y, unverified financial and physical information to prospective purchasers to establish a preliminar y level of interest in the Subject Proper t y
Commercial Integrit y, NW has not made any investigation, and makes no warrant y or representation with respect to the income or expense for the Subject Proper t y, the future projected financial per formance of the Subject Proper t y, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant ’ s plan or intentions to continue to occupy the Subject Proper t y The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrit y, NW has not verified and will not verif y, any of the information contained herein, nor has Commercial Integrit y, NW conducted any investigation regarding these matters and makes no warrant y or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.
$2,550,000 | 6.00% CAP RATE
O NP OI N T R ETA IL
$2,550,000
6.00 % C AP
5
262 NOR T H L OMBARD S TREET , POR TL AN D OR E GO N
Building SF
Price
Price PSF
Land Acres
5,091 SF
$2,550,000
$500.90
14,556 SF
0.33
Built/Renovated Zoning Tenancy Parking Stalls
1908 / 2019 CM2
Multi-Tenant
23 stalls, 4.6/1,000 SF
Ease Of Access
Just 3.2 Miles to St John’s Bridge and 4.8 to Fremont Bridge giving easy access to Hwy 405 and Hwy 30.
Suburban Feel In An Urban Environment
Located on N Lombard, a large arterial connecting inner SE and Downtown Portland to the Beautiful St. Johns area.
St. John’s offers City Dwellers a dense suburban feel in the city, dubbed 'a city within the city' and 'extremely friendly' by Portland Neighborhood Guide.
Investment Grade Tenant In Place
6 years left on OnPoint Community Credit Union NNN Lease and newly-executed 5 year T-Mobile NNN
lease
University Park Neighborhood
Located in the University Park Neighborhood it’s a prime place to live in Portland, with rich green spaces, and a convenient business strip with a mix of historical and modern businesses and services.
Higher Education
The 2022 Enrollment rate for University of Portland was 3,731. The establishment is just 0.6 miles from the subject property and is rated the #1 Private University in Oregon for Value, according to Kiplinger’s Personal Finance, #1 Regional Universities West and listed on the ‘ Best Colleges’ U.S. News & World Report for 2022-2023.
Ample Parking On Thoroughfare
Two-Tenant Retail Building with 23+ surface spaces in dedicated lot. Ample Parking on North Portland thoroughfare, N Lombard. is a luxury few businesses enjoy in this dense community area.
Highly Visible Signage
Great visibility and signage alongside N Lombard with direct exposure to 8,849+ VPD.
Real Estate Taxes
In addition to base rent, Tenant shall pay 100% of all real property taxes and assessments levied, assessed or imposed during the Term upon the Property.
Insurance
In addition to base rent, Tenant shall pay 100% of all costs of insurance required by Landlord. Tenant shall procure and maintain Fire and Public Liability Insurance.
Utilities
Tenant is solely responsible for provision and payment of all water and sewer facilities, gas and electrical services including heat and light, garbage collection, recycling, and all other facilities and utility services used by Tenant.
Tenant R&M
Tenant is solely responsible for provision and payment of all repairs and replacement including structural and non-structural, ordinary and extraordinary, necessary to maintain the building.
Expense CAP
Administrative charge not to exceed 10% of operating expenses & direct admin costs.
PROPERTY
5262 N. Lombard St. Suite 101
Portland, OR
Tenant OnPoint CCU Lease 1/1/20-12/31/30
LEASED AREA
4,069 SF Exclusive Use For Bank Estoppel Certificate 30 Days
$133,389
Annual Base Rent
Real Estate Taxes
In addition to base rent, Tenant shall pay 100% of all real property taxes and assessments levied, assessed or imposed during the Term upon the Property.
Insurance
In addition to base rent, Tenant shall pay 100% of all costs of insurance required by Landlord. Tenant shall procure and maintain Fire and Public Liability Insurance.
Utilities
Tenant is solely responsible for provision and payment of all water and sewer facilities, gas and electrical services including heat and light, garbage collection, recycling, all other facilities and utility services used by Tenant.
PROPERTY 5262 N. Lombard St. Suite 102 Portland, OR
Tenant T Mobile Lease 1/15/24-1/14/29
LEASED AREA
5,080 SF Exclusive Use For Cell Phone Shop Estoppel Certificate 10 Days
$28,620 Annual Base Rent
NORTH PORTLAND DISTRICT POPULATION:
2,573 PEOPLE PER SQUARE MILE
ST. JOHN'S NEIGHBORHOOD POPULATION:
2,725 PEOPLE PER SQUARE MILE
68,70 4
3 0 ,0 3 4
UNIVERSITY OF PORTLAND STUDENT POPULATION:
3,7 3 1
Subject Property
1/2 MILE FROM UNIVERSITY OF PORTLAND, THIS SUBJECT PROPERTY SERVICES DENSELY POPULATED ST. JOHN'S NEIGHBORHOOD WITH 2,725 PEOPLE PER SQUARE MILE
5,091 SF BUILDING | 14,556 SF LAND
UNIT/SUITE # 101 | RE T AI L
•4,069 SF Retail Suite
•6yrs on Lease
UNIT/SUITE # 102 | RE T AI L
•1,021 SF Retail Suite
•5yrs on Lease
COMM ON ARE A
•827 SF Common Space
•Electrical Room
•23 Space Parking Lot
•Shared Restrooms
•Secure Exterior Trash Area
8,849+ VPD N. Lombard
8,849+VPDNLOMBARD
MILES TO PDX PORTLAND INTERNATIONAL AIRPORT
PORTLAND IS OREGO N ’S
THE PA C I F IC NO RTHWES
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AIRP O R T S, MARINE PR O PER T IES,
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J E CT I
S FOR EMPL OY ED POPULA T IO N A ND ME D IA N H O USEHOL D I NC OME G R O W T H BEI N
1. 6 4% AN D 3.0 3 % RESPEC T IVELY, T HE C I TY OF R O SES RA N KE D N UMBER 1 7 O N FORBES’ LIST O F AMERI C A’S F AS T ES T - G R OW I NG CI T IES I N 2 018. T
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ME T R O N O W REPRESE N TS M O RE T HA N ON E-HAL F O F ORE G O N ’S POPULATIO N . STEA DY B O OMING G R O W T H I N RE C E NT Y EARS HAS ALLO W E D FO R A SI GN I F I C A N T UP T I CK O F CO N STRU C TI O N, B OT H CO MMER C IAL A ND RESI D E N TIAL, W ITHI N MULT NO MAH C O UN T Y . POR T LA ND IS T HE 2 5 T H LARGES T C I TY N ATIO NW I D E . NORTH POR T LA ND IS O N E OF T HE SIX SEX T A NT S O F P O R T LA ND , ORE G O N. NO R T H PORTLAND IS A D IVERSE MIXTURE OF RESI D E NT IAL, C OMMERCIAL, A ND I ND US T RIA L AREAS . I T IN C LUDES T HE POR T LA ND I NT ER N A T I ON AL RA C E W A Y , THE U N IVERSI T Y OF P O R T LA N D, AND MASSIVE C AR GO F A C ILI T IES OF T HE POR T OF P O R T LA ND . NI C K N AMES F O R IT I NC LU D E " NO P O" A ND "T HE F IF T H QUA D RAN T" . N OR T H PORTLAND IS CO N NE C TE D T O T HE I ND US T RIAL AREA O F NO R T H W ES T POR T LA N D BY THE S T. J O H N S BRID G E, A 2,0 67 FT ( 63 0 . 0 M) L ONG SUSPE N SI ON BRI DG E COMPLETE D I N 1 9 31 A ND EX T E N SIVEL Y REHABILI T A T E D I N 200 3– 2005 .
