Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1925
Building Area
Land Area ()

Property description

JLL, as exclusive advisor for the seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 320 NW Hoyt (the “Property”), in Portland, Oregon. Built in 1925, the vintage reinforced concrete warehouse presents a unique opportunity in Portland’s Old Town district with the ability to be redeveloped into apartments, self-storage, or creative office. 320 NW Hoyt provides ultimate flexibility for a future user. 


The 30,000 square foot existing industrial asset is currently vacant and sits on a 0.42-acre parcel of land (18,146 square feet) that includes an 8,146 square foot paved parking lot. 320 NW Hoyt is in the Central Commercial zoning district (Design Overlay) and has the ability to reach a 9:1 Floor-Area-Ratio on redevelopment with Bonus FAR included, bringing total redevelopment potential to over 163,000 square feet. 


Located in an Opportunity Zone, 320 NW Hoyt offers qualified investors tax incentives to re-invest capital gains. This rare opportunity allows for a user or investor to acquire a boutique Old Town asset with incredible upside potential through redevelopment. 

Investment highlights

  • 30,000 SF vacant industrial building with flexible conversion options
  • Opportunity Zone site with tremendous new development/redevelopment potential, providing a tax benefit to investors
  • Surrounded by walkable retail and restaurant amenities
  • Located one block from the Broadway Corridor urban development project by Prosper Portland, one of the largest redevelopment projects in Portland’s history
  • On the path of development with over 2.3 million square feet of multi-family, office, and hospitality delivered or under construction since 2016 in a 0.5-mile radius from the Property
  • Strategically located between Portland’s Pearl District and CBD, with immediate access to numerous transit options included TriMet MAX light rail and bus lines, Amtrak, I-5, and I-405
  • On-site parking availability via secure, gated 8,146 SF lot
  • Elevator served with dock high doors, substantial power, and floor loading capacity of ± 100 pounds per SF
Last Updated Date: 09 Apr 2021
Adam Taylor
Adam Taylor
Director, Capital Markets
Buzz Ellis, SIOR
Buzz Ellis, SIOR
Managing Director, Capital Markets
Broker Licenses
930100005

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 09 Apr 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.