307 SE HAWTHORNE USER 97214 OREGON VALUE ADD PORTLAND $7,000,000 | $264/RSF CENTRAL EASTSIDE VIEW CREATIVE SPACE 9,000 SF AVAILABLE NOW VIBRANT HAWTHORNE AREA STEVE DODDS DENIS O’NEILL BUILDING FULLY RENOVATED 503 542 5890 503 542 5880 CREATIVE AMENITIES
[email protected] [email protected] CONTENTS CALL FOR PRICING SECTION 1: EXECUTIVE SUMMARY • The Offering • Property Overview • Investment Highlights SECTION 2: PROPERTY DESCRIPTION • Photos • Building Description • Floor Plans • Area Amenities SECTION 3: FINANCIAL INFORMATION • Rent Roll • 2017 Expenses • Projected User Return SECTION 4: MARKET OVERVIEW • Portland Office Overview • Sale Comparables • Lease Comparables • Competitive Set SECTION 1: EXECUTIVE SUMMARY THE OFFERING The Howard Cooper Building SE 3rd Avenue and SE Hawthorne With 9,000 square feet of built-out creative space and sweeping views of the Portland’s skyline, the property offers an immediate opportunity for users to purchase a building in the heart of Central Eastside at significantly below replace- ment cost. The first two floors are 100% occupied at $11.39 NNN, substantially below market rents. Short term leases provide upside or expansion options. The building was seis- mically upgraded when fully renovated in 2000. Colliers International has been retained by the Owner to ex- clusively market the property and will conduct tours with any prospective purchaser, with reasonable notice. PROPERTY OVERVIEW Price Rentable SF $7,000,000 ($264/RSF) Location 307 SE Hawthorne Blvd Portland, OR 97214 Net rentable