Five-Building Office Retail
For Sale
Contact for pricing
14511-559 SW Westlake Dr, Lake Oswego, OR 97035
Five-building complex with a two-story structure and 94.4% occupancy, leaving a small space available for new tenants.
Property Size113,250 SF
Lot Size2.60 Acres
Price / SF$74.17
Days on Market50
Property Features for 14511-559 SW Westlake Dr
General Information
Standard status
Active
Size
113,250 SF
Lot size
2.60 Acres
Property subtype
Retail, Mixed Use
Zoning
R-5
Occupancy
94%
Additional Details
Cap Rate
6.75%
Building Details
Year Built
1995
Buildings
5
Tenancy
Multi
Listing Agency:
Macadam Forbes
(503) 869-2111
Listed By:
Joe Kappler · License #OR 200605069
Source:
Crexi
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 24 at 4:58PM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This five-building commercial complex offers a mix of single-story and two-story space, totaling 30,080 SF across four single-story buildings and one two-story building. The ownership group is currently obtaining roof replacement bids, supporting ongoing capital planning. The property is reported as 94.4% leased, with one small space available, and includes an executive office space measuring 96 SF among the suite options. An appraisal cited total project square footage of 113,250 SF.
The complex is located at 14511–559 SW Westlake Dr in the Lake Oswego area, and the property information references an additional executive suite building at 14523 Westlake Dr. Tenant spaces within the executive suite building range from 96 to 2,315 SF, and the available space in the overall complex is noted at 1,577 SF.
Per the provided remarks, the roof replacement bidding process is underway and the property’s current WALT is stated as 2.6 years.
The complex is located at 14511–559 SW Westlake Dr in the Lake Oswego area, and the property information references an additional executive suite building at 14523 Westlake Dr. Tenant spaces within the executive suite building range from 96 to 2,315 SF, and the available space in the overall complex is noted at 1,577 SF.
Per the provided remarks, the roof replacement bidding process is underway and the property’s current WALT is stated as 2.6 years.
Key Highlights
- Five‑building commercial complex totaling 30,080 SF on 2.6 acres (four single‑story buildings and one two‑story building)
- 94.4% leased with one available space measuring 1,577 SF
- Tenant suite sizes range from 96 to 2,315 SF, including a 96 SF executive office space
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,228
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 14%
Chipotle Mexican Grill
Dining
8,290 visits/mo
0.4 miles
Starbucks
Dining
7,589 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
2,597 visits/mo
0.4 miles
Demographics for 97035, OR
25,770
Population
11,822
Households
2.2
Avg Household Size
44
Median Age
73%
College-Educated
99%
High-School Grad
5.8 sq mi
ZIP Area
4,443
Density / Sq Mi
$126,866
Median Household Income
$75,523
Median Earnings
$1,951
Median Rent
$790,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Five-building complex with a two-story structure and 94.4% occupancy, leaving a small space available for new tenants.
Where is this retail space located?
The property is located at 14511-559 SW Westlake Dr Lake Oswego, OR.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: Five‑building commercial complex totaling 30,080 SF on 2.6 acres (four single‑story buildings and one two‑story building); 94.4% leased with one available space measuring 1,577 SF; Tenant suite sizes range from 96 to 2,315 SF, including a 96 SF executive office space
