7201 N Interstate Ave
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7201 N Interstate Ave
48,420 SF Office Building Portland, OR 97217 $10,000,000 ($207/SF)
Investment Highlights
- IDEAL OWNER-USER INVESTMENT
Executive Summary
IDEAL OWNER-USER INVESTMENT
* High-Image Office Building with Excess Land | For an owner-user, this offering is an ideal corporate headquarters investment that provides an attractive lease-saving trade-off. The purchase provides this owner-user investor protection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation.
BUSINESS-FRIENDLY ATTRIBUTES
* Attractive Low-Rise Fundamentals | The building’s low-rise features and surface parking are less expensive to maintain than high-rises. It further provides an advantage for an occupying business to easily accommodate evolving business demands, quickly and efficiently welcome employees and customers back into the business, and cost-effectively execute health and wellness initiatives.
"SILICON FOREST" REPUTATION
* Major tech companies like Intel, HP, Siemens and others have been attracted to the region for data & operation centers. The relatively cool climate, access to renewable energy, and favorable business environment make it an attractive location. The talent pool is not only growing but diversifying with a steady influx of young talent. 53% of Portlanders have at least a bachelor's degree, far above the national average of 33%.
CONVENIENT ACCESS WITH A 5-MILE POPULATION OF ±312,609
* Convenient access to I-5 | Close proximity to Portland International Airport | MAX light rail stop just steps away from the Property.
* High-Image Office Building with Excess Land | For an owner-user, this offering is an ideal corporate headquarters investment that provides an attractive lease-saving trade-off. The purchase provides this owner-user investor protection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation.
BUSINESS-FRIENDLY ATTRIBUTES
* Attractive Low-Rise Fundamentals | The building’s low-rise features and surface parking are less expensive to maintain than high-rises. It further provides an advantage for an occupying business to easily accommodate evolving business demands, quickly and efficiently welcome employees and customers back into the business, and cost-effectively execute health and wellness initiatives.
"SILICON FOREST" REPUTATION
* Major tech companies like Intel, HP, Siemens and others have been attracted to the region for data & operation centers. The relatively cool climate, access to renewable energy, and favorable business environment make it an attractive location. The talent pool is not only growing but diversifying with a steady influx of young talent. 53% of Portlanders have at least a bachelor's degree, far above the national average of 33%.
CONVENIENT ACCESS WITH A 5-MILE POPULATION OF ±312,609
* Convenient access to I-5 | Close proximity to Portland International Airport | MAX light rail stop just steps away from the Property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
48,420 SF
Building Class
C
Year Built
1976
Price
$10,000,000
Price Per SF
$207
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
24,210 SF
Building FAR
1.15
Lot Size
0.97 AC
Zoning
C2
Parking
80 Spaces (1.89 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | R313397 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,566,660 |
PROPERTY TAXES
Parcel Number
R313397
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,566,660
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7201 N Interstate Ave
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