Class A Office Near
7420 SW Bridgeport Road Portland, OR 97224
7420 SW Bridgeport Road, Portland, OR, 97224
Contact for pricing
For Sale
Contact for pricing
Premium office building in Bridgeport Village with excellent access.
Property Size18,890 SF
Price / SF$301.48
Days on Market804
Property Features for 7420 SW Bridgeport Road
General Information
- Standard status
- Active
- Size
- 18,890 SF
- Property subtype
- Office
Listing Agency
Macadam Forbes
(503) 227-2500
Listed by
Kevin VandenBrink · License #OR 990200037
Source
Crexi
Added: May 9, 2024 Updated: Jul 6 at 8:31 am Checked: Jul 20 at 6:25 am
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 building is located in a sought-after location blending convenience and comfort. The meticulously maintained property is elevator served over two floors and boasts a sleek design and premium finishes. Situated in Bridgeport Village, the office building is in the center of a vibrant commercial and residential hub, surrounded by upscale shopping, gourmet dining, and entertainment options. Immediate access to public transportation allows easy commutes for employees and visitors. The building enjoys excellent proximity to the I-5 freeway, making travel seamless and efficient. The building is located in a unique jurisdiction, with a postal code serving Portland, Tigard, or Durham addresses, and all building permits are handled through the city of Tualatin. This newer suburban office building has immediate proximity to all the amenities that Bridgeport Village offers. Located adjacent to REI and across from Bridgeport Village provides ease of access to abundant restaurants, shopping, and service areas within walking distance. Easy freeway access to Interstate 5 between Highway 217 and Interstate 205, plenty of parking, and is 15 minutes away from Downtown Portland. The property size is 18890 square feet.
Key Highlights
- Prime location in Bridgeport Village, offering upscale shopping, dining, and entertainment.
- Immediate access to I‑5 freeway and public transportation for convenient commuting.
- Class A office building with sleek design and premium finishes.
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 | $430.7k | $22.80 |
| − Vacancy | −$104.7k | −$5.54 |
| EGI | $326.0k | $17.26 |
| − OpEx | −$81.5k | −$4.31 |
| NOI | $244.5k | $12.94 |
18,890 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.49M
$3.06M – $4.08M
NOI $244,525 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.30M
$4.64M – $6.19M
NOI $371,334 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kimberly Frank Homes ...
Real Estate Agency
Blair Knight, Knipe ...
Real Estate Agency
Evans Boyd, Knipe ...
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Knipe Realty ERA ...
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Joanne Doyle, Knipe ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - Premium office building in Bridgeport Village with excellent access.
Where is this office building located?
The property is located at 7420 SW Bridgeport Road Portland, OR.
What is the asking price?
The asking price for this property is $5,695,000.
What are key features of this property?
This property features: Prime location in Bridgeport Village, offering upscale shopping, dining, and entertainment.; Immediate access to I‑5 freeway and public transportation for convenient commuting.; Class A office building with sleek design and premium finishes.
