1136 SE Grand
22,207 SF | 100% Leased | Office Building | Portland, OR 97214 | $4,775,000 ($215/SF) | 8.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,775,000
- Property Type
-
Office
- Square Feet
- 22,207 SF
- Price / Square Foot
- $215
Listing Contacts
Andy Stewart
Verified Profile
Brad Christiansen
Verified Profile
- Property Info
Property Overview
Colliers is offering the uniquely attractive opportunity to purchase the 1136 SE Grand Avenue building, a creative/loft building in Portland, Oregon's vibrant inner Southeast Portland neighborhood close to downtown Portland. Built in 1970, with renovations in 2013 and 2015, the buidling is 3 story and within walking distance of numerous restaurants, shops, services and public transportation. The building is adjacent to the desirable inner Southeast Portland area, which is transitioning from an industrial area of town into on that includes a mix of office, apartments and retail/restuarants.
Property Details
- Class
- C
- Year Built/Renovated
- 1970/2015
- Stories
- 3
- Property Subtype
- Loft/Creative Space
- Lot Size (sq. ft)
- 9,148 SF
Highlights
- Property is ajacent to one of the largest redevelopment areas in Portland: Inner Southeast Neighborhood.
- Challenges with the City's core/downtown is mow cuasing increased demand on the eastside of the river
- Rental rates for new construction continue to increase.
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