Leased commercial tract. Tenant is Pilot Corporation. Property is fully developed under an unsubordinated ground lease. 2016 Net Rent $230,918.84. Adjusted every 2 years by CPI (all items) for all urban consumers in Portland Oregon, not to exceed 6% for any 2 year period. Leased to December 14, 2021 with 2-5 year options to renew. Brokers are part owners of the subject property.
- Price: $4,803,008
- Lot Size: 8.97 acres
- Zoning: C–4
- Map & Tax Lot #: 37––2W–02D, TL#s: 2301, 2401, 2901
- Property Taxes: $80,239.03 (2016–17)
- MLS #: 2975947
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Agent:
Frank Pulver (frankpulver@pulverandleever.com)
Licensed Real Estate Broker in the State of Oregon
