Eliot Tower Retail Condos R1, S139

Mixed-Use Building: Strategically designed to generate consistent foot traffic through diverse retail and residential spaces.

Established Tenants: Features long-term tenants with proven track records, enhancing stability and reliability.

NNN Leases: Triple net leases in place, ensuring reimbursement of building expenses such as taxes, insurance, and maintenance.

Prime Location: Situated adjacent to Safeway and amidst popular downtown retail.

Proximity to Portland State University: Located less than half a mile from PSU’s 44-acre campus, serving over 21,000 students and contributing $1.8B to the local economy through its extensive academic programs.

Portland Art Museum Renovation: PAM, located both next door and in their full museum space across the street, is currently undergoing an $11M Campus Transformation that will include an entrance on 10th street from their original building located directly across the street from the subject property. This entrance will encourage increased foot traffic to The Eliot.

CBRE, INC. HAS BEEN APPOINTED AS THE EXCLUSIVE AGENT FOR THE SALE OF THE ELIOT TOWER RETAIL CONDOS, WHICH ENCOMPASS APPROXIMATELY 3,108 SQUARE FEET OF PRIME RETAIL SPACE OCCUPIED BY TWO ESTABLISHED TENANTS. THIS UNIQUE PROPERTY IS LEASED TO LONG-TERM TENANTS WHO HAVE MAINTAINED THEIR OCCUPANCY FOR OVER A DECADE.

Both tenants operate under NNN leases ensuring that they fully reimburse all associated expenses, thereby providing a stable income stream. Constructed in 2006, the Eliot Tower stands as an 18-story modern condominium high-rise that integrates retail and residential uses, featuring street-level retail complemented by 223 condominium homes above. This property boasts LEED certification, underscoring its commitment to sustainability. Strategically located in the heart of Portland’s Central Business District, the Eliot Tower enjoys exceptional walkability with a score of 99/100, a transit score of 95/100, and a bike score of 93/100, making it an attractive investment opportunity within a vibrant urban environment.