Properties Available

Sold: Hollywood Station | Mixed Use Investment

69,112 Sqft - 4224 NE Halsey Street, Portland

Property Description

Sold 4/11/2019 for $22,000,000

Michael Jenkins, Blake Federinko and Brandi Ho

This offering presents the opportunity to acquire a mixed-use investment in the heart of Portland’s Hollywood District. The property is leased to office and retail tenants. The  anchor tenant is 24 Hour Fitness, a Super-Sport gym with a spacious layout filled with energy and inspiration and features thousands of square feet of spectacular workout space, complete with premium gym equipment, unmatched amenities and some of the best studio classes around Portland. The property has eight additional tenants and includes a
220-stall parking garage for the added convenience to the building’s customers.

New 16.5 Year Lease with 24 Hour Fitness

220,000+ Residents within a 3-Mile Radius

Projected 6.26% Increase in Population Density in the Next 5 Years Based on a 3-Mile Radius

High Barriers to Entry

Located in Portland’s Highly Desirable Hollywood District

The Exterior Walls are made of Decorative Brick, Glass Storefronts and Windows

The Structure is made of Concrete & Steel

The Roof is a Flat Built-Up Composition

Basic Details
Property Type : Retail
Listing Type : Sold/Leased
Price : $23,510,000
Bldg Size : 69,112 Sqft
Year Built : 2006
Features
Elevator
Lease Type : NNN/Gross
Parking
Cap Rate : 6.75%
NOI : $1,586,975
Additional Photos
Additional Photos :

Retail Sold/Leased
  • Bldg Size : 69,112 Sqft
  • Visits : 613 in 259 days
$23,510,000
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