Multi-Tenant Flex Office
6121 N Cutter Cir Portland, OR 97217
New
6121 N Cutter Cir, Portland, OR, 97217
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For Sale
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Multi-tenant facility offers 17,058 SF of office space with dock and grade-level loading, plus a 3.04-acre site.
Property Size41,027 SF
Lot Size3.04 Acres
Price / SF$175.49
Days on Market6
Property Features for 6121 N Cutter Cir
General Information
- Standard status
- Active
- Size
- 41,027 SF
- Lot size
- 3.04 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 6121 N Cutter Cir Contact us
Listing agency
Macadam Forbes
(503) 972-7283
Listed by
Todd Collins · License ##201219113
(503) 972-7283
Source
Moodyscre
Added: Jul 17 Updated: Jul 22 at 6:20AM Checked: Jul 22 at 6:20AM
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 multi-tenant flex office and warehouse property includes 17,058 SF of total office space, with 9,811 SF on the ground floor and 7,246 SF on the second floor. Office workstations are in place. The facility is supported by (6) docks and (4) grade level doors, with loading and circulation served by a truck court.
The site totals 3.04 acres and includes ample parking. The property is positioned for convenient access with immediate access to I-5 and the CBD.
With its combination of flexible office build-out and practical warehouse loading, the layout is designed to support multiple tenants while maintaining functional operational access for deliveries and move-in activity.
The site totals 3.04 acres and includes ample parking. The property is positioned for convenient access with immediate access to I-5 and the CBD.
With its combination of flexible office build-out and practical warehouse loading, the layout is designed to support multiple tenants while maintaining functional operational access for deliveries and move-in activity.
Key Highlights
- Multi‑tenant office facility with 17,058 SF total: 9,811 SF ground floor and 7,246 SF second floor
- Loading includes (6) docks and (4) grade level doors for flexible tenant access
- 17,058 SF includes existing office workstations
Local Financial Insights For Office B
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 | $935.4k | $22.80 |
| − Vacancy | −$227.3k | −$5.54 |
| EGI | $708.1k | $17.26 |
| − OpEx | −$177.0k | −$4.31 |
| NOI | $531.1k | $12.94 |
41,027 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.59M
$6.64M – $8.85M
NOI $531,082 @ 7.0% cap · market cap 7.38%
Second Best
Flex RnD
$5.95M
$5.21M – $6.94M
NOI $416,654 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$11.52M
$10.08M – $13.44M
NOI $806,498 @ 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
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FAQs
What type of property is this?
Flex space - Multi-tenant facility offers 17,058 SF of office space with dock and grade-level loading, plus a 3.04-acre site.
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: Multi‑tenant office facility with 17,058 SF total: 9,811 SF ground floor and 7,246 SF second floor; Loading includes (6) docks and (4) grade level doors for flexible tenant access; 17,058 SF includes existing office workstations
