Versatile Warehouse in Rising Commercial Hub 2435 SE 10th Ave

7,600 SF Vacant Industrial Building Online Auction Sale Portland, OR 97214

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Auction On May 5 - 7, 2025
41 DAYS d
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09 HRS h
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57 MIN m
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Auction Starts
1041 HRS h
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Auction Ends
Finalizing
$400,000
Starting Bid
--
Current Bid
Current Purchase Price
$100,000
Bid Increment
Status
Reserve Not Met
In Progress
12,125
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Starting Bid
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INVESTMENT HIGHLIGHTS

  • This flexible warehouse includes dedicated office space, two grade-level loading doors, and 15'-18’ ceilings, ideal for businesses or investors.
  • Located at the heart of the emerging Historic Ford District, an up-and-coming hub for boutique retailers, popular restaurants, and the arts.
  • Convenient public transportation options within walking distance include the A and B streetcar lines and the MAX Orange Line.
  • Supported by a growing 3-mile workforce of over 346,000, with more than 6.2% currently employed in transportation or warehousing industries.
  • This easily accessible location just off Highway 26 can quickly be reached from Interstate 5 using the Ross Island Bridge.
  • SE Close-In industrial submarket offers five-year annual average rent growth of 4.1%, led by similar assets offering dedicated office space.

EXECUTIVE SUMMARY

Industrial business owners and investors can seize this opportunity to claim a versatile warehouse with dedicated office space and a top-tier location at 2435 SE 10th Avenue in Portland’s historic Ford District. Delivered vacant and equipped with desirable features, the property presents an ideal home base for growing businesses hoping to gain a foothold in this lucrative market. A value-add investor can also leverage the surrounding SE Close-In industrial submarket’s strong performance to enhance leasing efforts at the property. According to CoStar analytics, the submarket has posted a five-year average annual rent growth of 4.1%, with buildings offering dedicated office space commanding the highest rents. Additionally, no new space is currently under construction, limiting supply-side competition.

Making up 7,600 square feet of quality space originally built in 1963 and renovated in 2010, 2435 SE 10th Avenue delivers a maintained and highly customizable asset. Tenants will benefit from the building’s 18-foot clear height, 240-amp power supply, two grade-level doors, and a large, fenced lot with four parking spaces. Approximately 2,400 square feet combined on 2 floors. Building can be built-out as office space, including private offices, a large meeting/conference space, and a welcoming lobby with a reception desk.

Placed at the gateway between East Portland, Brooklyn, and Downtown, 2435 SE 10th Avenue provides businesses with an easily accessible location, ideal for logistics use. Employees and clients can quickly reach the building just off Highway 26 or from Interstate 5 via the Ross Island Bridge. Public transportation options are also readily available, with A and B lines for the Portland Streetcar and the MAX Orange Line reachable within walking distance.

2435 SE 10th Avenue places businesses within an up-and-coming hub of East Portland, the Historic Ford District. This burgeoning neighborhood began with the revitalization of the Ford Building, a vibrant mixed-use project that sits adjacent to the subject property. Since its completion, the area become a hotspot for development and reuse projects that is quickly becoming a thriving hub for boutique shops, local restaurants, and the arts. Employees at the property will love being within walking distance from top-rated dining options, including Akadi PDX, Shoofly Vegan Bakery & Café, Pine State Biscuits, Ice Queen, Espresso on 7th, Portland Juice Company, Botto’s BBQ, and Virtuous Pie. This location is perfect for businesses looking to combine operational efficiency with a dynamic and accessible neighborhood.

OFFERING MEMORANDUM Click Here to Access

DATA ROOM Click Here to Access

MARKET ANALYTICS Click Here to Access

$99,999

Asset Value

$99,999

12 Month Sales Volume

12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999

9.9%

Market Cap Rate

9.9%

Market Sale Price/SF Change (YOY)

12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-

Market Sale Price per SF

Portland - OR USA

Market Cap Rate

Portland - OR USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

PROPERTY FACTS

Sale Type Investment
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.23 AC
Rentable Building Area 7,600 SF
No. Stories 1
Year Built/Renovated 1963/2010
Tenancy Single
Parking Ratio 0.53/1,000 SF
Clear Ceiling Height 18’
No. Drive In / Grade-Level Doors 2
Cross Streets se division street

AMENITIES

  • Bus Line
  • Fenced Lot
  • Signage
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (100)

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Portland
653,115
2
0 h 8 m
Seattle
744,955
174
3 h 28 m
Spokane
219,190
354
6 h 42 m
Boise
228,790
430
7 h 56 m
Reno
250,998
550
10 h 53 m
Sacramento
508,529
580
11 h 7 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,280,307
Total Labor Force
728,750
Unemployment Rate
3.75%
Median Household Income
$84,008
Warehouse Employees
108,847
High School Education Or Higher
93.70%

PROPERTY TAXES

ZONING

Zoning Code lG1

SALE ADVISOR

SALE ADVISOR

(503) 227-2500
Contact
Rod Brokenshire, Broker
(503) 227-2500
Contact
Mr. Brokenshire began his commercial real estate career in 1986 specializing in the sales and leasing of industrial properties. In the years since, his experience has grown to include office and retail properties and a wide range of transaction types from investment sales, to master leases and complex build-to-suit transactions. Mr. Brokenshire has focused much of his activities on Portland’s eastside and is well regarded for his expertise in the central eastside submarket.

ABOUT THE AUCTION PLATFORM

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT

John Artozqui
Auctioneer License: Ten-X RE Arlene Richardson RE Brkr 201215355
  • Listing ID: 34759293

  • Date on Market: 3/20/2025

  • Last Updated:

  • Address: 2435 SE 10th Ave, Portland, OR 97214