Professional Plaza 102

 Portland, OR

Asking Price

Best Offer


Value Add or




Recent Upgrades


Long-Term /

Loyal Tenancy



$107K+ (5-Mi)





Land Area

195,698 SF

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.


  • Value Add or Owner/User – The Property is currently 66% occupied, providing the opportunity for an owner/user to occupy a campus like setting or for an investor to increase yield with the absorption of the remaining vacancies.
  • Significant Recent Upgrades – Current ownership has recently invested over $900k in improvements at the Property since 2018, including brand new roofs and siding, parking lot resurfacing, and HVAC upgrades where needed.  
  • Potential Partition / Owner/User Strategy – Initial research indicates 25-50% of additional yield through partitioning the Property and selling off smaller pieces at a premium to owner-users.
  • Long-Term / Loyal Tenancy – Nearly 41% of the occupied GLA has occupied the premises for over five years (21% for over 10 years).
  • Favorable Zoning - The Property is zoned Central Commercial (CX) which allows for Retail, Office, and Residential uses with a maximum building height of 75 feet (generally 6 or more stories).
  • Strong NOI growth projected with a Compound Annual Growth Rate (CAGR) of 8.7%
  • Large Footprint in Strategic Location – 4.49 acres in Portland directly off Interstate 205 and between E Burnside Street and NE Glisan Street, which collectively gets 134,796 combined VPD.  The Property also benefits from nearby Marketplace 205 shopping center, home to Home Depot and Target, and Gateway Shopping Center, home to Fred Meyer, Ross, and Kohl’s Department Store.  Both are less than a mile away from the subject property.
  • Growing Submarket – East Portland has grown significantly in the last 10 years as the cost of living in closer-in Portland and densification has increased, pushing more residents to neighboring suburbs. Gresham’s population has increased by 8% in the last decade, while nearby Troutdale increased by 17%. Home prices rose 19% in 2021, almost 40% higher than the county’s average. Numerous multifamily developments have recently been completed or are under construction.
  • Maximum Landlord Flexibility – The majority of in-place tenants are on short-term or MTM leases, allowing maximum Landlord flexibility in renewals and new leases. Additionally, current vacant suites average 2,700 SF, allowing for a wide range of uses.
  • The Property is located in an opportunity zone.

Exclusively Listed By

Michael Kapnick      503.210.4068
OR Lic. #960500191

Kevin Adatto      503.675.7726
OR Lic. #200003168


4260 Galewood St. Suite A
Lake Oswego, OR 97035