Johnson Building

*The Johnson Building presents a rare opportunity to acquire a fully leased, income-producing multi-tenant retail and office property in the heart of downtown Tigard, Oregon. Offered at $2,350,000 ($236/SF), this approximately 9,950 SF single-story building delivers immediate cash flow from six diverse tenants at a compelling 6.72% in-place cap rate on Year 1 NOI of $158,031. With a 1.50x debt service coverage ratio, 50% LTV financing assumption, and a projected 10-year equity IRR of 11.82%, the property offers exceptional risk-adjusted returns. Located within a federally designated Opportunity Zone and Tigard’s Urban Renewal/TIF District, investors benefit from the City’s $42.8M public investment program (active through FY 2035-36), the Johnson Building benefits from substantial public investment in the surrounding streetscape and infrastructure. Zoned MU-CBD -- Tigard’s most flexible commercial designation -- the property offers significant long-term upside through rent growth and redevelopment potential. For investors seeking immediate income, positive leverage, Opportunity Zone benefits, and long-term appreciation in one of Oregon’s most actively revitalizing downtowns, the Johnson Building is a compelling, must-see investment.