Office    

Siletz Business Complex

 Portland, OR

Asking Price

$2,350,000

Price Per SF

$205

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Opportunity

Owner-User

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Year Built

1973

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One Mile From

Marketplace 205

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Avg HHI

$107,777

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Square Feet

11,448 SF

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Surrounding Residential

High-Density

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • The Property is well-maintained by Ownership with $302,000+ recently invested into the building.
  • Ample parking on-site that is electronically gated, providing security for tenants and their clients.
  • Priced well-below replacement cost at $205 PSF.
  • Frontage on hard corner of Stark St. and 128th Ave., exposed to approximately 29,709 VPD. 
  • Two-story building that is elevator served.
  • Close proximity to high-density surrounding residential and convenient amenities, including close proximity to Marketplace 205, a regional shopping center pulling from a wide radius.
  • Located in a strong submarket with average household incomes of over $107k within a 5-mile radius. 
  • Bryan University currently occupies 75% of the building and has a lease that expires 8/14/25. Please contact Northmarq for additional details.

Exclusively Listed By

Anthony Albrecht

Senior Associate
  aalbrecht@northmarq.com      503.210.4062
OR Lic. #201239052

Michael Kapnick

Vice President
  mkapnick@northmarq.com      503.210.4068
OR Lic. #960500191

Northmarq

4949 Meadows Rd, Suite 490
Lake Oswego, OR 97035


northmarq.com