Investment Overview
Fully leased, two-building commercial property located in the core of Downtown Tigard. The asset comprises 30,664 square feet of improvements on a 1.61-acre site and provides a 6.5% cap rate with stable, in-place income. Parking is a distinguishing feature of the asset with 68 off-street spaces - an amenity that is increasingly difficult to find in a downtown setting and that supports tenant retention, customer access, and long-term leasing stability.
Investment Highlights
- 12450 Main St - 13,666 SF
- 12550 Main St - 16,998 SF
- Stabilized asset with both buildings fully leased
- 68 off-street parking spaces
- 12550 features a grade level rollup door
- Convenient access to Highway 99W, I-5, and the WES commuter rail
- Adjacent 4,792 SF vacant lot available for sale for $160,000