The Civic

$6,425,000
Sold

Property Highlights

Located on Portland’s westside along Burnside Street the property is approximately 35,000sf of retail condominium space and 85 below grade parking spaces. Lease-up of the property has been strong over the last 12 months, providing an Investor the opportunity to purchase a partially stabilized investment with additional value-add opportunity through the remaining lease up and tenant turnover. The vacancy, as well as expiring leases also provide an owner/user the opportunity to purchase an urban asset with income, parking, and visibility at substantially below replacement cost.

The Civic is a mixed-use development located in a highly populated area that is a target for both restaurants and shopping in downtown Portland. Above the ground floor retail, the Civic consists of 15 stories comprised of 261 owner-occupied condominiums. A large pedestrian promenade connects W Burnside and SW Morrison. The Civic is nestled between the Alphabet District where NW 21st and NW 23rd Avenues offer a sophisticated yet trendy shopping destination, and the Goose Hollow neighborhood, which is more residential, but also where The Oregonian, The Multnomah Athletic Club and Providence Park are located. Consequently, the Civic is exposed to high levels of daytime pedestrian traffic. The convenient location of The Civic allows easy access to W Burnside Street, SW Morrison and Alder Streets, HWY 26, I-405, and Trimet Max and Bus Lines.

 

Location

1926 W Burnside St, Portland, OR 97209

Agent

Dan Foster

206.445.7662
425.260.4260

Matthew Hinrichs

206.445.7663
206.852.3325

Contact

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