CLOSE-IN NE VINTAGE COMMERCIAL PROPERTY

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PROPERTY OVERVIEW

Equity Pacific is pleased to announce the sale of the pride of ownership Single Tenant Net Leased Investment Property located at 3308 NE Peerless Pace in the Laurelhurst neighborhood of NE Portland which has closed for $1,050,000 ($221 per SF). The property features one of the iconic stone Laurelhurst archways on the property. This is an excellent close-in NE Portland location near Laurelhurst Park, Oregon Park, NE 28th Avenue, NE Glisan Street, NE Sandy Boulevard, Whole Foods, Da Vinci Arts Middle School and very popular stores, restaurants, bars and brew pubs all within walking distance. There is also easy access to freeway I-84.

This unique professional office building was built in 1928. The property has a distinctive historical charm with period details, and is zoned for both residential and commercial, offering multiple pathways to increased future value. The property is currently leased to a local non-profit organization.

The building is approximately 4,752 SF. The interiors of the units feature high ceilings, hardwood floors, arched doorways, French doors, bay windows, and a fireplace. The building has stucco siding and features off-street parking.

Jason Waxberg represented the buyer to this transaction.

 

3308 NE Peerless Place | Portland, Oregon 97232