194 Beverly Dr Oregon City, OR 97045
Office building in Oregon City with conversion potential.
Property Features for 194 Beverly Dr
General Information
- Zoning
- MUC1, Oregon City
Building Details
- Year built
- 2001
Source:
Macadamforbes
Listing Agent: Kevin Vandenbrink
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oregon City Office Building Opportunity
Located in Clackamas County, 13 miles southeast of Portland, Oregon City sits on the Willamette River. The building is situated in close proximity to The Courthouse Replacement Project, which has a projected completion year of 2024. The property was originally built-to-suit with specific improvements for a tenant who occupied the space since 2001 under a 10-year original lease, with two subsequent five-year options at fixed rents, both of which were executed. The tenant's lease expired on February 18, 2022, and they are expected to vacate the building. While initially designed for a specific tenant, the building is suited for conversion to other professional or medical uses. Oregon City's topography includes three terraces, resulting in an elevation range from 50 feet to over 250 feet above sea level. Oregon City is easily accessible from Portland via I-205, OR 43, OR 99E and OR 213.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.592636
- Latitude
- 45.3386315
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FAQs
What type of property is this?
Office building - Office building in Oregon City with conversion potential.
Where is this office building located?
The property is located at 194 Beverly Dr Oregon City, OR.
What are key features of this property?
This property features: - Short-term cash flow opportunity with a **7.2% Cap Rate** on existing income.; - Building suited for conversion to other professional/medical uses.; - Located in Oregon City, Clackamas County, 13 miles southeast of Portland.