6935-37 N FESSENDEN STPortland, OR 97203

Mixed-Use Commercial

Market Positioning and Pricing Analysis

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6935 N FESSENDEN ST

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INVESTMENT

OVERVIEW

PROPERTY OVERVIEW

6935 N FESSENDEN ST

PROPERTY OVERVIEW

Marcus & Millichap exclusively represents for sale 6935-6937 North Fessenden Street, a mixed-use 1,460 square foot two-story retail/residential building and1,000 square foot garage/light industrial building with two drive-in bays totaling 2,460 square feet on an .11 acre parcel in the developing St. Johnsneighborhood in North Portland, Oregon. Zoned CM1 (retail/office/residential), this mixed-use property is ideal for an owner-user for live/work or a value-addinvestor. The property is currently occupied by an owner-user and by an automotive glass business tenant. The owner-user is offering to lease-back theirportion of the building co-terminus with AutoGlass or to vacate according to the buyer’s preference.

The building on North Fessenden Street has 79 feet of street frontage on North Fessenden Street and two off-street parking spaces and contains a open workarea, office area, and a restroom on the ground floor. The second story contains a residential apartment or office space, kitchenette and a full bathroom. Thegarage building is demised into two spaces, both with drive-in bays with entrances from North Powers Street.

Located in a neighborhood retail corridor of St. Johns that is experiencing an influx of new development, this asset is well-positioned for acquisition by anowner/user with the flexibility of live/work or an investor leasing out the buildings.

PROPERTY OVERVIEW

Two-story Commercial Mixed-use Building and a Garage Building with Two Drive-in Bays

Total of 2,460 Square Feet Mixed-Use on a 0.11 Acre Parcel

CM1 Zoning (Retail/Office/Residential) Offers Flexible Use

79 Feet of Street Frontage on North Fessenden Street

Located in the St. Johns Neighborhood of Portland, Oregon.

Positioned for an Owner/User or an Investor

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REGIONAL MAP

6935 N FESSENDEN ST

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INTERIOR/EXTERIOR PHOTOS

6935 N FESSENDEN ST

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Garage/Storage Building Basement - Commercial Building

12'25'

13' 325 SF 5'12'

40' 23'500SF

27' 675 SF 18'

Second Floor- Commercial Building

10'

24'

Ground Floor- Commercial Building

14'

I 4' I - - - - .

1 1 ' 360SF

18'

17' 3'

GOOSF22'

17'7'

29' 14'

LOCAL MAP

6935 N FESSENDEN ST

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AERIAL PHOTO

6935 N FESSENDEN ST

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6935 N FESSENDEN ST

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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS

6935 N FESSENDEN ST

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RENT ROLL DETAIL

FINANCIAL ANALYSIS

6935 N FESSENDEN ST

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RENT ROLL SUMMARY

FINANCIAL ANALYSIS

6935 N FESSENDEN ST

OPERATING STATEMENT

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FINANCIAL ANALYSIS

6935 N FESSENDEN ST

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CURRENT PRICING

FINANCIAL ANALYSIS

6935 N FESSENDEN ST

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USER DEFINED PRICING

FINANCIAL ANALYSIS

6935 N FESSENDEN ST

PRICING DETAIL

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FINANCIAL ANALYSIS

6935 N FESSENDEN ST

PROPOSAL PRICE

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6935 N FESSENDEN ST

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MARKET

COMPARABLES

6935 N FESSENDEN ST

SALES COMPARABLES MAP

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6935 N FESSENDEN ST(SUBJECT)

6835 N Fessenden St

4936-4938 N Lombard S

5279 N Lombard St

5214 N Lombard St

7636 N Lombard St

SALES COMPARABLES

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PROPERTY NAME6935 N FESSENDEN ST

SALES COMPARABLES

Avg. $210.74

$0.00

$30.00

$60.00

$90.00

$120.00

$150.00

$180.00

$210.00

$240.00

$270.00

$300.00

6935 NFessenden

St

6835 NFessenden

St

4936-4938 NLombard S

5279 NLombard St

5214 NLombard St

7636 NLombard St

Average Price Per Square Foot

SALES COMPARABLES SALES COMPS AVG

PROPERTY NAME

MARKETING TEAM

6935 N FESSENDEN ST

SALES COMPARABLES

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SALES COMPARABLES

Tenants TypeOffering Price $575,000 1 Apartment

Price/SF $233.74 4 Retail

Y1 CAP Rate 7.1%

Year Built 1984Total Apartment Units 1Total Commercial Suites 4

6935 N FESSENDEN ST6935 N Fessenden St, Portland, OR, 97203

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NOTESRetail mixed-use

Tenants Lease TypeClose Of Escrow: 9/14/2016

Sales Price: $360,000

Price/SF: $294.12

Year Built: 1947

6835 N FESSENDEN ST6835 N Fessenden St, Portland, OR, 97203

Close Of Escrow 1/2/2019

Sales Price $1,050,000

Price/SF $144.01

CAP Rate 5.64%

Year Built 1906

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NOTES50 Percent Retail / 50 Percent Multifamily

4936-4938 N LOMBARD S4936-4938 N Lombard S, Portland, OR, 97203

PROPERTY NAME

MARKETING TEAM

6935 N FESSENDEN ST

SALES COMPARABLES

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SALES COMPARABLES

Close Of Escrow 6/15/2017

Sales Price $600,000

Price/SF $209.79

Year Built 1925

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NOTES2,860 Square Foot Retail Storefront Building Built in 1925Owner/User Sale

5279 N LOMBARD ST5279 N Lombard St, Portland, OR, 97203

Close Of Escrow 7/6/2018

Sales Price $545,000

Price/SF $165.40

Year Built 1908

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NOTES3,295 Square Foot Retail Storefront Retail/ResidentialOwner/User Sale

5214 N LOMBARD ST5214 N Lombard St, Portland, OR, 97203

Close Of Escrow 10/15/2018

Sales Price $300,000

Price/SF $240.38

Year Built 1956

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NOTES1,248 Square Foot Retail Building Built in 1956/ Owner-User Sale

7636 N LOMBARD ST7636 N Lombard St, Portland, OR, 97203