850 N Graham St Portland, OR 97227

This property is priced below replacement cost at $181 per square foot, compared to approximately $350 per square foot for new construction in Portland. It offers exceptional freeway access at the intersection of I-5 and I-405, which experiences a combined traffic volume of 236,000 vehicles per day. The surrounding area features a dense, affluent urban population, with over 200,000 residents within a 3-mile radius earning an average of $135,000 or more. The property is located three blocks from the 554-bed Legacy Emmanuel Medical Center. The functional warehouse layout includes a 13-foot clear height, one grade-level door, and 840 square feet of office space. The flexible interior setup can accommodate various uses, including cannabis cultivation. The property features a 3.1:1 land-to-building ratio with secure, gated off-street parking. Durable construction includes a reinforced slab, concrete and metal exterior, and perimeter security gates. The zoning supports manufacturing, warehousing, processing, and assembly. Nearby retail amenities include restaurants, gyms, and breweries. Over 2.25 million square feet of multifamily development has been delivered or is planned within a 1-mile radius since 2022. The property size is 3,600 square feet.