Industrial Outdoor Storage
6899-7001 NE Columbia Blvd, Portland, OR 97218
For Sale
Contact for pricing
100% leased industrial outdoor storage asset with fenced yard and absolute NNN structure for low-operator involvement.
Property Size36,985 SF
Lot Size4.56 Acres
Price / SF$269.03
Days on Market146
Property Features for 6899-7001 NE Columbia Blvd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Highway Access
Fenced Yard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Kidder Matthews
Listed By:
John Hallman · License OR #201235126
(503) 721-2721
Source:
Crexi
Added: Jun 19
Changed: Nov 8
Last Checked: Nov 10 at 9:11AM
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 Kidder Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
6899–7001 NE Columbia Blvd presents a 100% leased industrial outdoor storage (IOS) facility on 4.56 acres. The property includes a 36,985 SF single-tenant industrial building occupied by Pacific Service Center under an absolute NNN lease. The tenant is responsible for taxes, insurance, and maintenance. Site features include a fenced and secured yard plus both dock and grade-level loading to support industrial and outdoor storage operations.
The property is positioned along NE Columbia Boulevard with immediate access to Interstate-205 and is minutes from Portland International Airport. Zoning is IG-2 General Industrial, which aligns with a range of industrial and outdoor storage uses and supports long-term operational flexibility.
For investors, the asset offers in-place occupancy with a tenant-pay absolute NNN framework, while the secured yard and loading configuration support an IOS tenant profile. For operators seeking an existing outdoor storage setup, the combination of fenced grounds, grade and dock loading, and IG-2 zoning provides a straightforward path to use the site for industrial storage requirements within an infill industrial corridor.
The property is positioned along NE Columbia Boulevard with immediate access to Interstate-205 and is minutes from Portland International Airport. Zoning is IG-2 General Industrial, which aligns with a range of industrial and outdoor storage uses and supports long-term operational flexibility.
For investors, the asset offers in-place occupancy with a tenant-pay absolute NNN framework, while the secured yard and loading configuration support an IOS tenant profile. For operators seeking an existing outdoor storage setup, the combination of fenced grounds, grade and dock loading, and IG-2 zoning provides a straightforward path to use the site for industrial storage requirements within an infill industrial corridor.
Key Highlights
- 100% leased industrial outdoor storage investment on 4.56 acres in Portland, OR
- 36,985 SF single‑tenant industrial facility leased to Pacific Service Center
- Absolute NNN lease structure: tenant pays taxes, insurance, and maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$375,605
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,512,100
$7.5M
Cap Rate 7%
$5,365,786
$5.4M
Cap Rate 9%
$4,173,389
$4.2M
Market Conditions
NOI Build-Up for 36,985 SF
Gross rent
$621.3K $16.80/SF
− Vacancy
−$43.5K −$1.18/SF
EGI
$577.9K $15.62/SF
− OpEx
−$202.2K −$5.47/SF
NOI
$375.6K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,512,100
Cap Rate 7%
$5,365,786
Cap Rate 9%
$4,173,389
Alternative Uses
Best Use
Flex RnD
$5.37M
$4.70M – $6.26M
NOI $375,605 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$3.32M
$2.90M – $3.87M
NOI $232,136 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$10.39M
$9.09M – $12.12M
NOI $727,041 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Portland, OR
Properties on Market for Flex space in Portland
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Flex space - 100% leased industrial outdoor storage asset with fenced yard and absolute NNN structure for low-operator involvement.
Where is this flex space located?
The property is located at 6899-7001 NE Columbia Blvd Portland, OR.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: 100% leased industrial outdoor storage investment on 4.56 acres in Portland, OR; 36,985 SF single‑tenant industrial facility leased to Pacific Service Center; Absolute NNN lease structure: tenant pays taxes, insurance, and maintenance
