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Tigard Triangle Class A Office
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12115 SW 70th Avenue, Portland, OR 97223

Class A office space in the heart of Tigard Triangle.

Space Size1,396 SF
Property Size18,268 SF
Days on Market871

Property Features for 12115 SW 70th Avenue

General Information

Standard status Active
Size 1,396 SF
Class A
Property subtype Office
Lease Type NNN

Building Details

Building Size 18,268 SF
Tenancy Multiple

Spaces For Lease

at 12115 SW 70th Avenue Contact us

Suite 202

Size
1,396 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Macadam Forbes
Listed By: Joe Kappler · License ##200605069
Source: Crexi
Added: Apr 4, 2024 Changed: Aug 20 Last Checked: Aug 19 at 10:52PM

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 Class A office space is located within the Red Rock Center in the heart of the Tigard Triangle. The second-floor space features a reception area, five private offices, a kitchenette, and a private bathroom. The space is in immaculate condition and features high-end finishes. The building is situated with convenient access to I-5 and Highway 217, and is in close proximity to Kruse Way. It is also minutes away from Washington Square mall and Bridgeport Village, which offer many retail and restaurant amenities. Additional retail services will be coming to the mixed-use development across the street, and the building benefits from a new nearby Hampton Inn hotel. The Tigard Triangle has received a massive influx of investment and development over the past few years.

Key Highlights

  • Class A space in the heart of the Tigard Triangle.
  • Convenient access to I‑5 and Highway 217.
  • Immaculate condition with high‑end finishes.

Property Analytics

Current Use

ORM Fertility - Southside Medical Clinic Orm south clinic Physician Mrs. Brittany Monson Physician Med Rx Partners Physician TMS NW Crisis Center

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Grocery & Convenience Store Clothing & Fashion Store Wine and Liquor Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,667
Businesses Nearby

Demographics for 97223, OR

49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value

Market

Lease Benchmarks for Portland, OR

$21.73 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,121 SF
Avg Space Size

This space is priced 38% above the average of $21.73 /SF/Yr.

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space in the heart of Tigard Triangle.
Where is this office units located?
The property is located at 12115 SW 70th Avenue Portland, OR.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Class A space in the heart of the Tigard Triangle.; Convenient access to I‑5 and Highway 217.; Immaculate condition with high‑end finishes.
(503) 972-7294 Call to check price and availability
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