Listing Agency: CBRE | Portland m***@cbre.com Show Phone

Listed By: Michelle Franceschi Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 9 Last Checked: Aug 21 at 7:10AM

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Investment Insights

Based on property information with market context.

This is a Class A office building located in the Tigard submarket. The building has 5 stories and a total rentable building area of 86,706 square feet. The property has a size of 21,972 square feet.

Key Highlights

• Class A Building
• 86,706 SF RBA
• 5 Story Building

Property Analytics

Property Profile

Current Use

Actalent Business To Business Service Becky DelaCruz - State ... Insurance Agency Farmers Insurance - Mike ... Insurance Agency Farmers Insurance - Melissa ... Insurance Agency Swbc Corporate Office

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Electrical Service Parking Lot & Garage Hotel & Motel Storage Facility

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

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,163

Businesses Nearby

Explore this area Business Placement

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

$34.07 /SF/Yr

Avg Asking Price

$12–$180 /SF/Yr

Price Range

26,474 SF

Avg Space Size

This space is priced 24% below the average of $34.07 /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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Class A office building in Tigard submarket available for rent.

Where is this office building located?

The property is located at 9020 Southwest Washington Square Road Portland, OR.

What is the lease rate?

The lease rate is $26 SF/Yr.

What are key features of this property?

This property features: Class A Building; 86,706 SF RBA; 5 Story Building