Coming Soon
$10,910,000
7.9% cap · 47,930 sq ft RBA · Class B
2953 NE Alberta St
Portland, OR 97209
Listed 3 days ago$228/sq ft
01 / 05
For SaleOffice
$13,215,000
6811 NW 23rd Ave
Laurelhurst · Portland, OR 97202
$298/sq ft95 days on market2.7K views177 saves
Key facts
- Interior
- 44,380 sq ft
- Lot
- 2.98 acres
- Year built
- 1921
- Property type
- Office
- Price / sq ft
- $298/sq ft
- Annual taxes
- $138,760
- Days on market
- 95
Getting around
Walk Score60
Somewhat Walkable
Transit Score53
Good Transit
Bike Score77
Very Bikeable
About this property
A Full Service asset in Portland with real durability behind the rent roll. The improvements include structured parking, fiber connectivity and dedicated hvac.
Investment summary
Investment summary
Cap rate
7.30%
Net operating income ÷ price
Net operating income
$964,695
Annual, after operating expenses
Cash-on-cash
+5.0%
$197,742 annual cash flow on $3,964,500 equity
Occupancy76%
33,729 sq ft leased of 44,380 sq ft
- Tenants
- 4
- Rentable area
- 44,380 sq ft
- Price / sq ft
- $298/sq ft
- WALE
- 6.8 yrs
- Lease type
- Full Service
- Building class
- Class B
- Zoning
- DMU-60
- Parking
- 156 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $766,953 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Dedicated HVAC
- Sprinkler System
Parking & Access
- Structured Parking
Highlights
- Fiber Connectivity
- LEED Gold Certified
- Opportunity Zone
- Build-to-Suit Ready
- NNN Leases in Place
- Below-Market Rents
- Recent Capital Improvements
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2017-11-25 | Sold | $9,231,000 |
| 2026-04-21 | Listed | $13,215,000 |
Location
Laurelhurst, Portland — Multnomah County
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Approximate location · Laurelhurst
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Estimated monthly
$81,546/mo
- Principal & interest81%$66,128
- Property tax14%$11,563
- Home insurance5%$3,854
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $10,572,000 · 30 yr · 6.40%
