Rockwood Plaza - FOR SALE

2330 SE 182nd Ave, Gresham OR 97233

DOLLAR TREE & PLANET FITNESS ANCHORED
92,677 SF |  97% LEASED | $21,985,000

This shopping center is located in the Centennial neighborhood of SE Portland on the NE corner of Division and SE 182nd Ave. There is high daily traffic with 31,200 cars per day on SE 182nd Ave and 20,000 cars per day on Division. This center has ample parking and great signage. Major traffic generators include Blackrock Coffee, Planet Fitness, Dollar Tree and Pub 181.

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Click below to download additional property information:

rockwoodplazasaleflyersummary4282022.pdf
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demos-2330_se_182nd_ave.pdf
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RETAIL PROPERTY FOR SALE
 
Built in  1962—Renovated in 2012
@ 5.5% CAP
 
PRICE:                                         $21,985,000
 
Present NOI:                              $1,209,150
YR 2026 CAP ON
PROFORMA NOI:                     6.38%
Current Occupancy:                  97%
Rentable SF:                                 92,677 SF
Lot Size:                                          347,826 SF 
(acres)                                            (7.985)
Price Per SF:                               $237
Average Lease Rate
Shops: $18.00 PSF
Anchors: $10.00 PSF
 
Zoning: MC
Parking Ratio: 4.53/1,000

Contact Brokers: Craig Barnard or Paul Miller