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Bearing Service Building 1040 NW Everett St
5,000 SF of Retail Space Available in Portland, OR 97209
Highlights
- Heavy daytime foot traffic
- Free on-site parking
- Great natural light
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Discover a unique opportunity with the Bearing Service Building, located in one of Portland’s most sought-after neighborhoods. With flexible zoning, you can bring your creative vision to life in this versatile space. The open floor plan allows you to design an event space, a wine, beer, or cider production facility with a charming tasting room, a café complete with a bakery, or a bike shop with a repair area. This is your chance to create something special in a prime location.
- Space In Need of Renovation
- Private Restrooms
- Corner Space
- High Ceilings
- Exposed Ceiling
- Secure Storage
- Excellent location
- Secured parking
- Additional 1,250 SF open air workspace
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1040 NW Everett St , Portland, OR 97209
| Property Type | Retail | Year Built | 1945 |
| Property Subtype | Freestanding | Parking Ratio | 1.54/1,000 SF |
| Gross Leasable Area | 6,500 SF | Cross Streets | nw 11th st |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,500 SF |
| Year Built | 1945 |
| Parking Ratio | 1.54/1,000 SF |
| Cross Streets | nw 11th st |
About the Property
The Bearing Service Building is an iconic landmark, designed by the renowned Richard Sundeleaf, known for his unique blend of decorative artistry and rugged functionalism. Built in 1944, the property exemplifies Sundeleaf’s Streamline Moderne style, inspired by the machine age and aerodynamics. The property features a recessed curved glass block corner entry with a cantilevered steel marquee. The building’s industrial windows, framed by round concrete piers, enhance its distinctive and appealing style. The Bearing Service Building offers a unique opportunity for retail or warehouse space in the heart of Portland’s coveted Pearl District. Situated between newly constructed multifamily buildings and rejuvenated historic structures, the property presents a prime chance to leverage the vibrant rhythm of the neighborhood, infusing new life and activity into an iconic space.
- Bus Line
- Commuter Rail
- Corner Lot
- Fenced Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Storage Space
Nearby Major Retailers
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Bearing Service Building | 1040 NW Everett St
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