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Creative Warehouse Office Space Available
For Lease
$3,750/Mo

1415 SE 8Th Ave, Portland, OR 97214

Creative Warehouse Office Space (includes utilities, no NNN)

Property Size2,248 SF
Lease TypeModified Gross
Days on Market188

Property Features for 1415 SE 8Th Ave

General Information

Standard status Active
Property type Flex space, Industrial properties
Size 2,248 SF
Class B
Total Parking Spaces 4
Elevators No
Lease Type Modified Gross Lease
Lease Term 1-2 Years
Rate Type Monthly

Building Details

Year Built 1940
Year Renovated 2016
Buildings 1
Stories 1
Listing Agency:
Listed By: Toren
Added: Jan 26

Investment Insights

Based on property information with market context.

Located in the Steinmetz Building in Central Southeast Portland, between Madison St and Hawthorne Ave on SE 8th Ave, this 2248 square-foot finished warehouse office space features plenty of natural light and high ceilings. A roll-up garage door adds to the spaciousness. The layout includes an expansive main office area with a polished concrete floor, a separate private conference room or private office, and a shared storage room. The space also has a private bathroom with a large industrial sink. Adjacent to the conference room/private office is a closed-in space suitable for a kitchenette for coffee and/or staging for catering meetings. The property features rebar-reinforced poured concrete construction, off-street parking in a gated lot behind the building with 4 parking spaces, and a rear entrance to the parking lot. A 12 ft. wide x 14 feet high roll-up overhead door facilitates loading and unloading. Additional features include a barrel ceiling, HVAC for temperature control, a security system, and window blinds on all street-facing exterior windows. The rent includes gas, electric, water, property taxes, insurance, and exterior building maintenance. TriMet and Streetcar stops are nearby, and the location is within walking distance of the post office, numerous food carts and coffee shops, as well as SE Hawthorne Ave shopping, restaurants, and beverage purveyors. A private upstairs loft is occupied by an industrial design firm, and use of their workshop is negotiable. The space is suitable for creative teams.

Property Analytics

Current Use

FUSE IT Consulting Firm Orp Industries Industrial Manufacturer

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Travel Agency Tanning Salon Butcher Supermarket

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,825
Businesses Nearby
Well-served
Demand for This Use

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

$68.48 /SF/Yr
Avg Asking Price
$10.2–$141 /SF/Yr
Price Range
8,339 SF
Avg Space Size

This space is priced 71% below the average of $68.48 /SF/Yr.

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019
4.1% 2020
2.5% 2021
2.1% 2022
4.2% 2023
5.5% 2024
6.6% 2025
Rey
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Similar Off Market Nearby

  • Accent Party Planning — Portland, OR 97214
  • ChefStable Catering — 2136 SE 8th Ave, Portland, OR 97214, United States
  • Sugar Street Catering — 3334, 1430 SE Water Ave #102, Portland, OR 97214
  • Alimenti Event Services, LLC — 1430 SE Water Ave #102, Portland, OR 97214
  • Trailhead Coffee Roasters — 350 SE Mill St, Portland, OR 97214

Frequently Asked Questions

What type of property is this?
Flex space - Creative Warehouse Office Space (includes utilities, no NNN)
Where is this flex space located?
The property is located at 1415 SE 8Th Ave Portland, OR.
What is the lease rate?
The lease rate is $3,750 /Mo.
More about this property
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