Landmark Building with Sustainable Design

45 SW Ankeny St, Portland, OR

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For Sale

Contact for pricing

Historic building with modern expansion and sustainable features.

Type:OFFICE

Property size:

83,032 SF

Lot size:

0.64 Acres

Price / SF:

$168/SF

HighLights

LEED Platinum certified building with advanced sustainable features.
Landmark property blending historic preservation with modern design.
83,000 square foot facility with a unified design.
Open, collaborative workspaces with abundant natural light and panoramic views.
Transformative renovation and expansion completed in 2009.
Ground‑level amenities include community meeting rooms and retail space.

We can help!

Listing Contact

Denise Brohoski

For Sale

Contact for pricing

Historic building with modern expansion and sustainable features.

Type:OFFICE

Property size:

83,032 SF

Lot size:

0.64 Acres

Price / SF:

$168/SF

Added:: May 19, 2025
Days on Market:: 395
Last Refresh:: May 20 at 8:15 pm

Property Features for 45 SW Ankeny St

General Information

Standard status: Active
Size: 83,032 SF
Lot size: 0.64 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Denise Brohoski

Listing agent Denise Brohoski License #200508190

Listing office Commercial Real Estate NW

Listing date May 19, 2025

Source Moodyscre

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 Commercial Real Estate NW

HighLights

LEED Platinum certified building with advanced sustainable features.
Landmark property blending historic preservation with modern design.
83,000 square foot facility with a unified design.
Open, collaborative workspaces with abundant natural light and panoramic views.
Transformative renovation and expansion completed in 2009.
Ground‑level amenities include community meeting rooms and retail space.

Overview

The Mercy Corps Building is an 83,000-square-foot landmark property blending historic preservation with modern sustainability. Originally constructed in 1892 as the Packer-Scott Building, it underwent renovation and expansion in 2009. The project restored the original 43,000-square-foot structure and added a contemporary 40,000-square-foot wing, resulting in a unified, high-performance facility. Achieving LEED Platinum certification, the building incorporates advanced sustainable features, including a green roof, solar array, operable windows, and a central atrium that functions as a natural ventilation stack. The design emphasizes open, collaborative workspaces with abundant natural light and panoramic views of the Willamette River and Mt. Hood. Ground-level amenities include community meeting rooms and retail space. This offering presents an opportunity to acquire a distinguished, sustainably designed building that embodies architectural excellence and community integration.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.89M	$22.80
− Vacancy	−$460.0k	−$5.54
EGI	$1.43M	$17.26
− OpEx	−$358.3k	−$4.31
NOI	$1.07M	$12.94

83,032 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$15.35M

$13.44M – $17.91M (±1% cap)

NOI $1,074,824 @ 7.0% cap · market cap 7.70%

Second Best

—

no second resolved use

Theoretical Best

Office A

$23.32M

$20.40M – $27.20M (±1% cap)

NOI $1,632,220 @ 7.0% cap · market cap 11.70%

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

Property Profile Location Intelligence

Current Use by Public Records

Community Investment Trust Financial Advisor Mercy Corps Charitable Organization

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.671
Latitude: 45.5228

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For sale
Office buildings
OR
Portland
45 SW Ankeny St

What type of property is this?

Office building - Historic building with modern expansion and sustainable features.

Where is this office building located?

The property is located at 45 SW Ankeny St Portland, OR.

What is the asking price?

The asking price for this property is $13,950,000.

What are key features of this property?

This property features: LEED Platinum certified building with advanced sustainable features.; Landmark property blending historic preservation with modern design.; 83,000 square foot facility with a unified design.

45 SW Ankeny St, Portland, OR

Historic building with modern expansion and sustainable features.

Property Features for 45 SW Ankeny St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Mixed-Use Development Fixer

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

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