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

1415 SE 8Th Ave, Portland, OR 97214

Creative Warehouse Office Space (includes utilities, no NNN)

Space Size2,248 SF
Days on Market279

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 Term 1-2 Years
Rate Type Monthly

Building Details

Year Built 1940
Year Renovated 2016
Buildings 1
Stories 1
Listed By: Toren Orzeck
Added: Jan 26 Changed: Mar 30
Rey
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Investment Insights

Based on property information with market context.

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

Property Analytics

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Open Analytics

Current Use

FUSE IT Consulting Firm Orp Industries Industrial Manufacturer

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Portland, OR

$15.71 /SF/Yr
Avg Asking Price
$1.81–$24 /SF/Yr
Price Range
12,850 SF
Avg Space Size

This space is priced 27% above the average of $15.71 /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

Similar Off Market Nearby

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