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Single-Tenant Industrial Portfolio
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Pending

2225 NE Elrod Dr, Portland, OR 97211

Four leased industrial buildings serve established distribution operations across three Pacific Northwest markets.

Property Size134,959 SF
Days on Market143

Property Features for 2225 NE Elrod Dr

General Information

Standard status Pending
Size 134,959 SF
Property subtype Industrial
Occupancy 100%

Building Details

Buildings 4
Listing Agency: CBRE - Glendale
Listed By: Barbara Perrier · License #CA 00969169
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:14PM

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 - Glendale

Investment Insights

Based on property information with market context.

This industrial portfolio contains four single-tenant buildings totaling 134,959 square feet, with individual facilities ranging from 20,000 to 55,520 square feet. The properties are fully leased and carry 3.13 years of weighted average lease term. The tenant roster includes a nationwide construction-supplies distributor and two international food companies.

The buildings are located in Portland and Eugene, Oregon, and Spokane, Washington, providing coverage across three Pacific Northwest markets. Each facility was developed with features suited to the tenant base and offers access to major transportation arteries serving the surrounding metropolitan areas.

Key Highlights

  • Four single‑tenant industrial buildings totaling 134,959 square feet
  • Facility sizes range from 20,000 to 55,520 square feet
  • 100% leased to a construction‑supplies distributor and two food companies

Property Analytics

Current Use

Bimbo Bakeries USA Bakery

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Restaurant Hair Salon

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

391
Businesses Nearby

Demographics for 97211, OR

33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Industrial property - Four leased industrial buildings serve established distribution operations across three Pacific Northwest markets.
Where is this industrial property located?
The property is located at 2225 NE Elrod Dr Portland, OR.
What are key features of this property?
This property features: Four single‑tenant industrial buildings totaling 134,959 square feet; Facility sizes range from 20,000 to 55,520 square feet; 100% leased to a construction‑supplies distributor and two food companies
(213) 613-3033 Call to check price and availability
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