Professional Plaza 102

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121-181 NE 102nd Ave, Portland , OR 97220
Professional Plaza 102
The offering provides the opportunity to acquire a 52K+ SF medical office complex in Portland, Oregon. Located near two major hospitals and in close proximity to Interstate-84, the Property provides easy access to the suburbs of SE Portland. Pricing reflects a 6.25% cap rate on 74% occupancy, with nearly 90% medical tenants. The Property benefits from surrounding dense, middle-class neighborhoods, numerous nearby retail amenities, and close proximity to Adventist Health Portland and Providence Portland Medical Center. Current vacancies and below-market rents provide an investor significant upside over time as reflected in a stabilized cap rate of 9.26% (based on Year 4 NOI). Situated on nearly 4.5 acres, Professional Plaza 102 provides an investor maximum exit optionality through partition or high density multifamily development.
Kevin Adatto
Managing Partner (Commercial)
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