Multi-Tenant Flex
6121 N CUTTER CIR Portland, OR 97217
6121 N CUTTER CIR, Portland, OR, 97217
Contact for pricing
For Sale
Contact for pricing
Originally designed for multiple occupants, the building can be used in part while leasing remaining space through 2026.
Property Size41,028 SF
Price / SF$175.49
Days on Market24
Property Features for 6121 N CUTTER CIR
General Information
- Standard status
- Active
- Size
- 41,028 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1990
Listing agency
Macadam Forbes
(971) 201-8738
Listed by
Tyler Collins · License #OR
Source
Crexi
Added: Jun 29 Updated: Jul 22 at 2:55AM Checked: Jul 22 at 2:55AM
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 flex/industrial warehouse was originally designed for multiple occupants, with the flexibility for a user to occupy all or a portion of the building while leasing out any excess space. The property is currently occupied by Daimler Trucks North America through the end of 2026.
Located at 6121 N Cutter Cir in Portland, Oregon, the offering provides an ownership structure that supports both full-occupancy and partial-occupancy strategies based on how much space you need.
As presented, the building’s configuration supports a multi-tenant approach, with one tenant in place through 2026 and the remainder of the space available for leasing should an incoming user require only part of the facility.
Located at 6121 N Cutter Cir in Portland, Oregon, the offering provides an ownership structure that supports both full-occupancy and partial-occupancy strategies based on how much space you need.
As presented, the building’s configuration supports a multi-tenant approach, with one tenant in place through 2026 and the remainder of the space available for leasing should an incoming user require only part of the facility.
Key Highlights
- Year built 1990
- Building originally designed for multiple occupants—users can occupy part and lease the remaining space
- Occupied by Daimler Trucks North America through the end of 2026
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $689.3k | $16.80 |
| − Vacancy | −$48.2k | −$1.18 |
| EGI | $641.0k | $15.62 |
| − OpEx | −$224.4k | −$5.47 |
| NOI | $416.7k | $10.16 |
41,028 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$5.95M
$5.21M – $6.94M
NOI $416,664 @ 7.0% cap · market cap 5.79%
Second Best
Warehouse
$4.47M
$3.91M – $5.21M
NOI $312,692 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$11.52M
$10.08M – $13.44M
NOI $806,517 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Daimler Trucks North ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Originally designed for multiple occupants, the building can be used in part while leasing remaining space through 2026.
Where is this flex space located?
The property is located at 6121 N CUTTER CIR Portland, OR.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Year built 1990; Building originally designed for multiple occupants—users can occupy part and lease the remaining space; Occupied by Daimler Trucks North America through the end of 2026
