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Two-Story Office Building For Sale

3395 SW Garden View Ave, Portland, OR 97225

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For Sale

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Versatile office building in Washington County, near major highways.

Type:Office

Property size:

10,780 SF

Lot size:

0.80 Acres

Price / SF:

$231/SF

HighLights

Versatile 10,780 SF two‑story office building on 34,833 SF of land.
Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.
Zoned CBD (Community Business District) allowing for a variety of uses.
Main floor office consists of 5,572 SF built‑out with many private offices, conference rooms, break area and reception area.
Fully sprinkled and has several windows.
Four HVAC units service the building, along with a backup generator.

We can help!

Listing Contact

Joe Kappler

For Sale

Contact for pricing

Versatile office building in Washington County, near major highways.

Type:Office

Property size:

10,780 SF

Lot size:

0.80 Acres

Price / SF:

$231/SF

Added:: Nov 7, 2024
Days on Market:: 579
Last Refresh:: May 12 at 9:13 pm

Property Features for 3395 SW Garden View Ave

General Information

Standard status: Active
Size: 10,780 SF
Lot size: 0.80 Acres
Property subtype: Office

Building Details

Year Built: 1972

We can help!

Listing Contact

Joe Kappler

Listing agent Joe Kappler License #OR 200605069

Listing office Macadam Forbes

Listing date Nov 7, 2024

Source Crexi

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

Versatile 10,780 SF two‑story office building on 34,833 SF of land.
Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.
Zoned CBD (Community Business District) allowing for a variety of uses.
Main floor office consists of 5,572 SF built‑out with many private offices, conference rooms, break area and reception area.
Fully sprinkled and has several windows.
Four HVAC units service the building, along with a backup generator.

Overview

This is a 10,780 square foot two-story office building situated on a 34,833 square foot lot. The property is located just off Canyon Road in unincorporated Washington County. The main floor office space comprises 5,572 square feet and includes multiple private offices, conference rooms, a small break area, and a large reception area. The lower floor, measuring 5,208 square feet, is primarily storage space with a small 357 square foot office. The building is fully sprinkled and features several windows. It is serviced by four HVAC units and includes a backup generator. Zoned CBD (Community Business District), the property allows for a variety of uses, including offices, medical facilities, and other service-based businesses. The location provides convenient access to transportation, being less than 1 mile from Highway 217 and just under 2 miles from Highway 26.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$245.8k	$22.80
− Vacancy	−$59.7k	−$5.54
EGI	$186.1k	$17.26
− OpEx	−$46.5k	−$4.31
NOI	$139.5k	$12.94

10,780 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.99M

$1.74M – $2.33M (±1% cap)

NOI $139,544 @ 7.0% cap · market cap 5.58%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.03M

$2.65M – $3.53M (±1% cap)

NOI $211,910 @ 7.0% cap · market cap 8.48%

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

Property Profile Location Intelligence

Current Use by Public Records

CS Planning Corp. Financial Advisor The H Group, Inc. Financial Advisor FocusPoint Solutions, Inc Business Management Consultant Maxwell Scott L Financial Advisor Hanslits Laurence T Financial Advisor

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.7741979
Latitude: 45.4952688

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For sale
Office buildings
OR
Portland
97225
3395 SW Garden View Ave

What type of property is this?

Office building - Versatile office building in Washington County, near major highways.

Where is this office building located?

The property is located at 3395 SW Garden View Ave Portland, OR.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Versatile 10,780 SF two‑story office building on 34,833 SF of land.; Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.; Zoned CBD (Community Business District) allowing for a variety of uses.