Capitol Park

28,520 SF | 96% Leased | Office Building | Portland, OR 97219 | $6,670,000 ($234/SF) | 7% Cap Rate

Asking Price $6,670,000

Sale Condition: 1031 Exchange
Property Type: Office
Square Feet: 28,520 SF
Price / Square Foot: $234

Listing Contacts

Steven Bowers

Verified Profile

Sean McCarthy

Verified Profile

Property Info

Property Overview

Investor or developer opportunity
BUILDING SIZE - 28,590 SF
YEAR BUILT - 1984
LOT SIZE - 1.36 acres
BUILDING TYPE - Two-story office building
OCCUPANCY - 96% occupied
ZONING Commercial Mixed Use 2 (CM2)

Property Details

Class: B
Year Built/Renovated: 1983/2018
Stories: 2
Property Subtype: Office/Residential, Office Live/Work Unit
Lot Size (sq. ft): 59,242 SF

Highlights

Large window line with an abundant of natural light - Views of Mt. Hood
99 on-site parking spaces
Easy access to downtown and I-5
Numerous shopping and restaurants nearby
Stabilized asset with large mix-use development opportunity
Recent capital improvements include a roof replacement in 2017 with a 25-year warranty, skylight replacement in 2017, and HVAC replacement with 5 of 1

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