Renovated Neighborhood Shopping
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11 S State St, Lake Oswego, OR 97034
Oswego Village benefits from long-term tenancy, major renovations, and recent leasing momentum generating in-place, stabilized income.
Property SizeContact for details
Days on Market121
Property Features for 11 S State St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Orange County
Listed By:
Jimmy Slusher · License #CA 01857569
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 7:38PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
Oswego Village is a shopping center offering long-term lease stability and ongoing leasing momentum. The property is supported by 9+ years of weighted average lease terms, and more than 22,389 SF (23%) of the in-place tenancy has operated at the location for 10+ years. In addition, a $4 million renovation completed from 2019 to 2021 coincided with leasing activity, with 32,687 SF (67% of occupied in-line GLA) of brand-new leases executed over the last 24 months.
Located at 11 S State St in Lake Oswego, Oregon 97034, Oswego Village has been positioned to improve income through the lease-up of vacant space, below-market rents rolling to market, and embedded rental escalations. Net operating income is expected to increase by more than $1,082,000 (48%) over the hold period, reflecting a solid NOI compound annual growth rate exceeding 4.0%.
The property’s reported leasing and renovation results reflect both historical and current tenant retention, with a meaningful portion of the occupied in-line area tied to long-duration operations.
Located at 11 S State St in Lake Oswego, Oregon 97034, Oswego Village has been positioned to improve income through the lease-up of vacant space, below-market rents rolling to market, and embedded rental escalations. Net operating income is expected to increase by more than $1,082,000 (48%) over the hold period, reflecting a solid NOI compound annual growth rate exceeding 4.0%.
The property’s reported leasing and renovation results reflect both historical and current tenant retention, with a meaningful portion of the occupied in-line area tied to long-duration operations.
Key Highlights
- Long‑term tenant occupancy: 9+ years of WALT, plus 22,389 SF (23%) of in‑place tenancy operating at the property for 10+ years
- Major renovation completed: $4 million 2019–2021 renovation
- Recent leasing momentum: 32,687 SF (67% of occupied in‑line GLA) of brand‑new leases executed over the last 24 months
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
124k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 32%
Dining 17%
Home Improvements & Furnishings 6%
Safeway
Groceries
28,396 visits/mo
0.5 miles
Whole Foods Market
Groceries
21,945 visits/mo
0.1 miles
Starbucks
Dining
11,054 visits/mo
0.1 miles
Salt & Straw
Dining
8,999 visits/mo
0.2 miles
Lake Oswego Ace Hardware
Home Improvements & Furnishings
7,876 visits/mo
0.1 miles
Demographics for 97034, OR
21,396
Population
9,017
Households
2.4
Avg Household Size
49
Median Age
74%
College-Educated
99%
High-School Grad
7.7 sq mi
ZIP Area
2,779
Density / Sq Mi
$147,688
Median Household Income
$77,500
Median Earnings
$2,030
Median Rent
$995,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Lake Place — 333 S State St, Lake Oswego, OR 97034
- Oswego Village Shopping Center — 101 S State St, Lake Oswego, OR 97034
- A Street Station — 220 A Ave, Lake Oswego, OR 97034
Frequently Asked Questions
What type of property is this?
Shopping center - Oswego Village benefits from long-term tenancy, major renovations, and recent leasing momentum generating in-place, stabilized income.
Where is this shopping center located?
The property is located at 11 S State St Lake Oswego, OR.
What are key features of this property?
This property features: Long‑term tenant occupancy: 9+ years of WALT, plus 22,389 SF (23%) of in‑place tenancy operating at the property for 10+ years; Major renovation completed: $4 million 2019–2021 renovation; Recent leasing momentum: 32,687 SF (67% of occupied in‑line GLA) of brand‑new leases executed over the last 24 months
