River East Center
1515 SE Water Ave, Portland, OR 97214
9 290 mètres carrés
Jones Lang LaSalle Real Estate Services, Inc. ("JLL" or the "Advisor") is pleased to offer for sale a 100% freehold interest in Notre Dame Place (the "Property"), a distinctive boutique office property located on the high-profile corner of 17 Avenue SW and 2 Street SW.
The 48,635 square foot ("SF") Property is situated in a high demand urban street front location, with an abundance of retail, entertainment, service, and transit offerings on its doorstep. The Property is institutionally owned and managed, showcasing exceptional condition.
The Property is 78% leased to an attractive tenant roster with a W.A.L.T. of 3.94 years. The Property benefits from superior exposure, unique, multi-tier roof top patios, and an abundance of underground parking situated in a rapidly densifying node. Available for purchase is a very rare opportunity to own an asset that has been exceptionally maintained and managed, making it the ideal investment and/or owner user opportunity.
The Property is being offered for sale with an asking price of $8,950,000 on an "as-is, where-is" basis. Offers will be reviewed as they are received. For more information, please execute and return the Confidentiality Agreement (CA) to one of the Advisors for access to the Deal Room.
Amenities - The surrounding area boasts a wide array of amenities, including cafes, restaurants, fitness centres, and retail shops, catering to the needs of office tenants and visitors.
Desirable Investment Profile - Attractive tenant roster with a W.A.L.T. of 3.94 and ongoing interest and offers in vacant space (contact Advisor for latest update on leasing).
Stand-Out Asset - Distinctive roof top patios, an abundance of underground parking, and competitive operating costs.
Redevelopment Potential - Comer block location and land assemblage potential to the east.
Major Community Upgrades - Rivers District Master Plan, BMO Centre Expansion, Entertainment District, Events Centre, and 17 Avenue SE extension.