Versatile Warehouse in Rising Commercial Hub 2435 SE 10th Ave
7,600 SF Vacant Industrial Building Online Auction Sale Portland, OR 97214


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
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
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
Market Sale Price per SF
Portland - OR USA
Market Cap Rate
Portland - OR USA
Market Sale Price per SF by Star Rating
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Market Cap Rate by Star Rating
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Market Sale Price per SF Distribution
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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
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
PROPERTY TAXES
Parcel Number | R276045 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $448,410 |
ZONING
Zoning Code | lG1 |