$1500000
Price cut: $200K (06-24-2025)
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Bed
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Bath
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1013 SqFt
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85 DOM
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Built: 1926
- Status: Off Market
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Seller financing available! Located in St John’s, this property is well situated as an open storage facility. The 1.3-acre parcel is securely tucked away between The Port of Portland and Union Pacific Railroad. Key Storage is an established, cash-flowing business currently self-managed at a cap rate of 8.8%. There is significant opportunity to increase rents as many of the spaces are currently renting below market rates. All leases are month-month, and as spaces have become available, they have easily leased up at market rates. A new owner could bring in third-party management to earn passive income at a 7.9% cap rate or continue to self-manage and increase returns upwards of 9%. This property includes a detached management office and 2br 1ba 949sf single family house that could be used as a manager’s residence or separate rental property. Seller financing terms- Down payment: 60%, Interest rate: 6%, Terms: 5 years, Amortization: 30 years, Monthly payment: $3,597
Listing Provided Courtesy of Darby Brillanceau Lewis, Works Real Estate
General Information
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635124088
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LightIndustrial
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85 DOM
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1.3 acres
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1013
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1926
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IG2
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Multnomah
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R323762
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CommercialSale
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LightIndustrial
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SECTION 02 1N 1W, TL 1500 1.30 ACRES
Listing Provided Courtesy of Darby Brillanceau Lewis, Works Real Estate
Mohan Realty Group data last checked: Dec 13, 2025 23:42 | Listing last modified Jul 24, 2025 12:20,
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