8500 Creekside Pl Beaverton, OR 97008-7101

Property Details for 8500 Creekside Pl

Lot size

4.62 lot acres

Property size

64,147 SF

Zone code

OI-WS

Property type

Office Properties & Spaces

APN

1S127AC-00600

APU

1S127AC00600

Description

This exceptional investment opportunity presents a 65,496 square foot, Class B, fully leased office building located at 8500 SW Creekside Pl, Beaverton, OR 97008. The property, built in 1984 and extensively renovated in 2018, boasts a single tenant occupancy with a remaining lease term of six years. The tenant, Fiserv Solutions, LLC (an operating subsidiary of Fiserv, Inc. with a S&P rating of BBB), occupies the entire space, providing a stable and reliable income stream. A sublease to Digimarc Corporation extends occupancy through September 2030. The property features 221 parking spaces (a 3.4/1,000 parking ratio), 13' clear height, one grade-level and two dock-high loading doors, and is situated on a 201,247 square foot lot. Improvements completed in 2018 included updated restrooms, elevator cabs, HVAC, plumbing, lighting, and parking lot. The property's OI-WS zoning allows for flexibility and broad tenant appeal. Its convenient location offers quick access to Highway 217, I-5, and Highway 26, benefiting from Beaverton's strong business environment and proximity to Portland. The building's attractive basis offers investors a significant discount to replacement cost, estimated at over $450 per square foot for comparable suburban office space. This is a rare opportunity to acquire a well-maintained, high-occupancy asset with a long-term lease in a desirable location.