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10915 SE Stark Street Portland, OR 97216

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For Sale
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Leased to Physical Rehabilitation Network with renewal option.

Type:Office
Added:
Nov 25, 2025
Days on Market:
127
Last Refresh:
Mar 29 at 10:12 pm

Property Features for 10915 SE Stark Street

General Information

Standard status
Active
Property subtype
Office

Building Details

Year Built
2003

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Listing Contact
Joe Kappler

Listing agent Joe Kappler License #OR #200605069

Listing office

Listing date Nov 25, 2025

Source Macadamforbes

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Joe Kappler


Overview

Single-Tenant Property in Gateway Submarket

This single-tenant property is leased to Physical Rehabilitation Network (PRN), which operates in over 16 states with more than 180 clinics. PRN purchased Gateway Sports Medicine two years ago and subsequently signed a five-year lease back in December 2019. PRN offers a range of rehabilitation services, including chiropractic care, physical therapy, acupuncture, and therapeutic massage. The tenant has one five-year option to renew at fair market value. The current rent is fixed at $6,000 per month NNN for the remainder of the lease term. A new roof was installed in December 2020. The lease expires on December 15, 2024. Located in the Gateway submarket, the property offers convenient access to I-205, I-84, the airport, and downtown. It also benefits from its proximity to Mall 205 and the Gateway MAX stop. The seller also owns the neighboring property at 420 SE 109th Avenue (zoned CM2, 864 SF house on 9,366 SF) and is open to selling both together.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Stanley R. Gorman, ... Physician Bree-Lyn Martindale Physician Rene C. St ... Alternative Medicine Practice Neena M. Kirkwood, ... Physician Dr Jura Physician

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Portland
County
Washington
State
Oregon
Longitude
-122.551
Latitude
45.5192

FAQs

What type of property is this?
Medical space - Leased to Physical Rehabilitation Network with renewal option.
Where is this medical space located?
The property is located at 10915 SE Stark Street Portland, OR.
What are key features of this property?
This property features: Single‑tenant property leased to Physical Rehabilitation Network (PRN).; NNN lease provides fixed monthly income of $6,000 through December 15, 2024.; Potential cap rate increase to 6.7% in 3 years.
More about this property
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