Sandpiper Square, Cannon Beach OR

Sandpiper Leadx2

172 North Hemlock Street
Cannon Beach, OR 97110

Offered at $4,395,000. Sold

Investment Overview
• 97% leased, multi tenant retail asset
• Offered at 6% Pro Forma cap rate $4,395,000 on estimated 2017 P&L

Location Highlights
• Located in the heart of Cannon Beach, on the main commercial shopping street
• 16,910 sq. ft. of leased space
• Easy Parking

About Cannon Beach, OR — Named one of “The Best Art Towns in America” by author John Villani, and “One of the World’s most Beautiful Places” by National Geographic, Cannon Beach is located on the Pacific Northwest Coast of Oregon, 80 miles west of Portland and 25 miles south of Astoria. Cannon Beach is surrounded by the rugged natural beauty of forests, ocean beaches, rivers, and the Oregon Coast Range. Four miles in length, Cannon Beach is a popular and picturesque resort area, playing host to more than 750,000 visitors annually.

KIP H. RUNNING Principal Broker