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Sherwood Industrial Space For Lease
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21600 SW Oregon Street, Sherwood, OR 97140

New industrial development with warehouse and office space for lease.

Property Size172,007 SF
Days on Market187

Property Features for 21600 SW Oregon Street

General Information

Standard status Active
Size 172,007 SF
Property subtype Industrial

Building Details

Year Built 2024
Listing Agency:
Listed By: Stu Peterson, SIOR · License #OR #820300052
Source: Macadamforbes
Added: Jan 27 Changed: Jul 10 Last Checked: Aug 2 at 4:23AM

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 Stu Peterson, SIOR

Investment Insights

Based on property information with market context.

This state-of-the-art industrial space is available for lease within a new development. The property features functional warehouse space, premier office areas, heavy power capabilities, ample parking, and truck loading facilities. It is situated in the rapidly growing Sherwood market, offering convenient access to Tualatin-Sherwood Road, Highway 99W, and Interstate 5. Located in the heart of the I-5 Corridor industrial market, this development benefits from its position in the Portland metro area’s most desirable location, where vacancies are low and demand exceeds supply. The Sherwood Commerce Center is currently underway and offers both large and small-space options. Contiguous available space starts at 5,000 square feet and goes up to 172,007 square feet. The property includes a 7" reinforced concrete floor and a metal roof deck. EV charging stations are available. Phase I is estimated to be completed in Spring 2024. Companies seeking space should act quickly to reserve a spot prior to construction completion. The intended use of the property is for warehouse and office purposes.

Key Highlights

  • New construction, estimated completion in Spring 2024.
  • Located in the highly desirable I‑5 Corridor industrial market with low vacancy rates.
  • Flexible space options available, ranging from 5,000 SF to 172,007 SF.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Real Estate Agency Storage Facility Hair Salon Spa & Massage Center Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby
Well-served
Demand for This Use

Demographics for 97140, OR

28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Warehouse - New industrial development with warehouse and office space for lease.
Where is this warehouse located?
The property is located at 21600 SW Oregon Street Sherwood, OR.
What are key features of this property?
This property features: New construction, estimated completion in Spring 2024.; Located in the highly desirable I‑5 Corridor industrial market with low vacancy rates.; Flexible space options available, ranging from 5,000 SF to 172,007 SF.
More about this property
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