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Industrial Buildings with Rail Access

2840 NW 35th Ave, Portland, OR

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For Sale

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Two industrial buildings totaling 104,484 SF with rail access.

Type:INDUSTRIAL

Property size:

104,484 SF

Lot size:

2.88 Acres

Price / SF:

$110/SF

HighLights

Substantial Combined Square Footage: 104,484 SF Shell provides significant space.
High Power Capacity: 480v 6,000 amps supports heavy industrial equipment.
Heavy Industrial Zoning (IH): Allows for a wide range of industrial uses.
Building B Clear Height: +/- 25' accommodates large equipment and vertical storage.
Rail Access: Facilitates efficient transportation of goods and materials.
Dock and Grade Doors: 4 dock doors and 1 grade door provide versatile loading and unloading options.

We can help!

Listing Contact

Greg Burpee

For Sale

Contact for pricing

Two industrial buildings totaling 104,484 SF with rail access.

Type:INDUSTRIAL

Property size:

104,484 SF

Lot size:

2.88 Acres

Price / SF:

$110/SF

Added:: Apr 15, 2025
Days on Market:: 427
Last Refresh:: May 20 at 9:02 pm

Property Features for 2840 NW 35th Ave

General Information

Standard status: Active
Size: 104,484 SF
Lot size: 2.88 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Greg Burpee

Listing agent Jake Breeland License ##201257002

Listing office Macadam Forbes

Listing date Apr 15, 2025

Source Moodyscre

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

HighLights

Substantial Combined Square Footage: 104,484 SF Shell provides significant space.
High Power Capacity: 480v 6,000 amps supports heavy industrial equipment.
Heavy Industrial Zoning (IH): Allows for a wide range of industrial uses.
Building B Clear Height: +/- 25' accommodates large equipment and vertical storage.
Rail Access: Facilitates efficient transportation of goods and materials.
Dock and Grade Doors: 4 dock doors and 1 grade door provide versatile loading and unloading options.

Overview

The property includes two buildings. Building A has 46,230 square feet with an approximate clear height of 15 feet. Building B offers 51,750 square feet with an approximate clear height of 25 feet. The combined square footage of the shell is 104,484 square feet. Office space accounts for approximately 20,000 square feet. The property is zoned IH, Heavy Industrial, and has rail access. Power is supplied at 480v with 6,000 amps. Loading is facilitated by 4 dock doors and 1 grade door.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.00M	$9.60
− Vacancy	−$66.2k	−$0.63
EGI	$936.8k	$8.97
− OpEx	−$140.5k	−$1.34
NOI	$796.3k	$7.62

104,484 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$11.38M

$9.95M – $13.27M (±1% cap)

NOI $796,319 @ 7.0% cap · market cap 6.92%

Second Best

Industrial

$9.37M

$8.20M – $10.93M (±1% cap)

NOI $655,792 @ 7.0% cap · market cap 5.70%

Theoretical Best

Office A

$29.34M

$25.67M – $34.23M (±1% cap)

NOI $2,053,918 @ 7.0% cap · market cap 17.86%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Journal Graphics Marketing & Advertising Caplan Mark A Publishing House

Suggested Use

Similar Places Nearby

ReadySpaces — 2455 NW Nicolai St, Portland, OR 97210
U-Store Self Storage Portland West — 2860 NW 29th Ave, Portland, OR 97210
Record Nations — 3055 NW Yeon Ave, Portland, OR 97210
Spectrum Information Services NW Inc. — 3077 NW St Helens Rd, Portland, OR 97210
Willamette Valley Moving — 3055 NW Yeon Ave, Portland, OR 97210

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.718
Latitude: 45.5438

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For sale
Warehouses
OR
Portland
2840 NW 35th Ave

What type of property is this?

Warehouse - Two industrial buildings totaling 104,484 SF with rail access.

Where is this warehouse located?

The property is located at 2840 NW 35th Ave Portland, OR.

What is the asking price?

The asking price for this property is $11,500,000.

What are key features of this property?

This property features: Substantial Combined Square Footage: 104,484 SF Shell provides significant space.; High Power Capacity: 480v 6,000 amps supports heavy industrial equipment.; Heavy Industrial Zoning (IH): Allows for a wide range of industrial uses.

2840 NW 35th Ave, Portland, OR

Two industrial buildings totaling 104,484 SF with rail access.

Property Features for 2840 NW 35th Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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