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INVESTMENT HIGHLIGHTS
Investment-Grade Credit: The USPS is a credit tenant with an investment-grade credit rating (S&P: AA+). USPS just executed a brand new five-year extension and contributes roughly 28% of total income.
Strong Location: The Property is situated in Downtown Milwaukie, OR in business friendly Clackamas County. Downtown Milwaukie has seen a surge in new development the last several years.
Below Market Rents: Both Saffire and Broken Arrow are paying rents that are significantly below market.
Retail Building: The buildings are an ideal layout and size for general retail purposes, allowing for an attractive ability to re-tenant if needed in the future.
Zoning: Downtown mixed-use zoning allows for flexible future redevelopment potential, including multifamily, retail, office and more.
Amenities: Downtown Milwaukie is known for its walkability and the Subject Property is ideally located near government services, restaurants, shopping, and parks.
