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b1a9fb52-13ed-42db-a7b6-e4b19bf58f93
Pro Plaza 102
121-151, 163-181 NE 102nd Ave & 1 Lot, Portland, OR 97220
- For Sale $8,500,000
- Property Type Office - Medical Office
- Property Size 52,840 SF
- Lot Size 4.49 Acre
- Building Class C
- Year Built 1973
- Date Updated Aug 10, 2022
Turnaround project consisting of 52,840 SF Medical Offices. Fully rented, the NOI is projected at $734,413/year @8.64% Cap Rate and 18,29% IRR.
Recent exterior renovations include exterior paint job, new roofing, asphalt, and landscaping improvements.
Current NOI is $530,254 per year. (Four new leases are PENDING)
Operating Medical Office Complex, centrally located in the east side Gateway trade area, the property has easy access to I-205 & I-84 with immediate proximity to bus lines, MAX Light Rail and Gateway Green - the new 25 acre urban park.
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Location
- Walk Score ® Very Walkable (80)
- Transit Score ® Good Transit (68)
- Bike Score ® Biker's Paradise (96)
Powered by Walk Score ®
- City Portland, OR
- Neighborhood Hazelwood
- Zip Code 97220
- Market Portland
Points of Interest
Transportation
Fuel station
Parking
Hotels
Restaurants
Education
Child care
East 102nd Avenue
0.15 miles
Gateway/Northeast 99th Avenue Transit Center
0.47 miles
Southeast Main Street
0.72 miles
Northeast 82nd Avenue
1.07 miles
East 122nd Avenue
1.09 miles
Southeast Division Street
1.48 miles
Southeast Powell Boulevard
2.00 miles
Northeast 60th Avenue
2.10 miles
Southeast Holgate Boulevard
2.32 miles
East 148th Avenue
2.40 miles
76
0.18 miles
Chevron
0.39 miles
76
0.43 miles
Blink
0.48 miles
Blink
0.48 miles
Arco
0.66 miles
Fred Meyer
0.79 miles
Shell
0.94 miles
Chevron
0.95 miles
Chevron
1.00 miles
Gateway
0.54 miles
SE Main St
0.71 miles
The Columba Center
0.96 miles
Vestal Elementary Guest Parking
0.98 miles
E 122nd/Menlo Park
1.15 miles
Grace Baptist Church Parking
1.18 miles
Lot B
1.47 miles
Lot C
1.52 miles
Lot A
1.53 miles
Lot D
1.57 miles
Montavilla Motel
0.30 miles
Ramada
0.36 miles
Chesnut Tree Inn
0.37 miles
Motel 6
0.49 miles
Comfort Inn & Suites
1.07 miles
Portland Value Inn & Suites
1.20 miles
Aaron Motel
1.71 miles
Unicorn Motel
1.90 miles
Madison Suites Motel
1.95 miles
Best Value Motel
1.99 miles
Koi Gardens
0.16 miles
Chaya Kitchen & Boba Tea
0.34 miles
Thai Garden
0.34 miles
Ala Carts
0.35 miles
Los Arcos
0.35 miles
Bibo's Philly Cheese Steaks
0.35 miles
Chapter 1 Sushi
0.35 miles
Taqueira Antojitos Yucatecos
0.36 miles
Grill on the Go
0.36 miles
Ala Carts
0.36 miles
Cascade Campus
0.47 miles
Columbia Christian Schools
0.49 miles
Floyd Light Middle School
0.66 miles
East Portland Community Center
0.67 miles
Multnomah University
0.76 miles
Ventura Park Elementary School
0.80 miles
Portland Adventist Academy
0.85 miles
Walla Walla University School of Nursing
0.86 miles
Creative Science School
0.92 miles
Jason Lee Elementary School
0.97 miles
YMCA Child Care
1.65 miles
Early Learning Center
1.97 miles
DiscoveryLand
2.14 miles
Shannon's Child Care & Preschool
2.35 miles
Mt. Tabor Preschool
2.35 miles
Rose City Cooperative Preschool
2.41 miles
Alameda Preschool
2.76 miles
Childswork Learning Center
2.92 miles
YMCA Child Care
3.04 miles
Happy Valley Children's Garden
3.06 miles
Contacts
Highlights
- Medical office
- 233 parking spaces
- *DO NOT DISTURB EXISTING TENANTS*
Frequently Asked Questions
What is the total square footage of Pro Plaza 102?
Pro Plaza 102 totals 52,840 square feet.
When was this property built?
Pro Plaza 102 was built in 1973.
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