Listing Agency: CBRE | Portland

Listed By: Joe Beehler · License #200407253 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 24 Last Checked: Sep 4 at 3:10AM

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Investment Insights

Based on property information with market context.

This 18,354 square foot office space features LEED Gold certification. The gross rental rate is $40.60. Parking is available at a ratio of 1 space per 1000 square feet. The current tenant's lease extends through October 31, 2025. Furniture is available. Onsite parking is provided, along with a secure bike hub and shower facilities that include towel service.

Key Highlights

• LEED Gold Certification
• Tenant in place through 10/31/2025
• 18,354 RSF

Property Analytics

Property Profile

Current Use

Laundry Service (Bike/Boat/Book/etc) Store Simple Corporate Office Crown Plaza - Lot ... Parking Lot & Garage IDL Worldwide Advertising Agency Crown Plaza Parking Lot & Garage

Suggested Use

Top Pick Pet Grooming Service Tanning Salon Veterinary Clinic Supermarket (Bike/Boat/Book/etc) Store Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$6.09 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

4,825

Businesses Nearby

Explore this area Business Placement

Demographics for 97214, OR

28,403

Population

15,948

Households

1.8

Avg Household Size

36

Median Age

67%

College-Educated

98%

High-School Grad

2.9 sq mi

ZIP Area

9,794

Density / Sq Mi

$86,879

Median Household Income

$55,643

Median Earnings

$1,628

Median Rent

$733,200

Median Home Value

Market

Lease Benchmarks for Portland, OR

$22.31 /SF/Yr

Avg Asking Price

$1.71–$40.6 /SF/Yr

Price Range

12,342 SF

Avg Space Size

This space is priced 82% above the average of $22.31 /SF/Yr.

Vacancy Rate% for Office in Portland, OR

10.1% 2019

12.3% 2020

16.1% 2021

18.5% 2022

20.8% 2023

21.7% 2024

24.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space with LEED Gold certification, parking, and amenities.

Where is this office units located?

The property is located at 120 Southeast Clay Street Portland, OR.

What is the lease rate?

The lease rate is $40.60 SF/Yr.

What are key features of this property?

This property features: LEED Gold Certification; Tenant in place through 10/31/2025; 18,354 RSF