Legacy-Quality Shopping Center with Close-In Portland Metro Location

Portland, OR
Price $9,590,000

Creating a Competitive Bidding Process which Drove Multiple Offers to a Best and Final Round, Leading to an All Cash Buyer at an Unprecedented Cap Rate  

Barbur Shops is an exceptional development with extremely high tenant retention rates which speaks to its legacy design and attention to detail. We focused in on the mirco demographics of the neighborhoods that feed into this location to attract an out of state investor coming out of a land exchange seeking generational real estate.

Insights from the team

Ideally Situated between Several High Demographic, Dense Residential Neighborhoods

Barbur Shops is located among the high demographic neighborhoods of Hillsdale, Multnomah Village, Burlingame and John’s Landing. The Hillsdale neighborhood, where Barbur Shops is located, boasts household incomes nearing $130,000 and is among the most affluent areas in Portland MSA.

Additionally, Barbur Shops is situated within a location dominated by residential zoning with all existing commercially zoned- land built-up. With such high barriers to entry, it was important to highlight this since it limited the threat of future competition in the trade area, given some anticipated objections such as ingress/egress challenges and parking.

Close-In Portland Location, Situated Along Major Transportation Routes

Illustrating Barbur Shops close-in Portland location was a key visual in the Executive Summary. Located only 3-miles south of Portland’s central business district with access right off the Interstate 5, we wanted to show how its location provides easy and convenient access throughout the Portland metro area. To accomplish this, we created an oblique aerial that highlighted both its access to I-5 and proximity to downtown Portland.

7405 SW Barbur Blvd, Portland, OR, United States