Building Details

Year Built 1988

Listing Agency: Macadam Forbes j***@macadamforbes.com Show Phone

Listed By: Joe Kappler · License #OR 200605069

Source: Crexi

Added: Apr 4, 2024 Changed: Jul 6 Last Checked: Aug 1 at 4:22PM

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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 is an excellent lease opportunity for space in a 3-story, Class A office building. The building features striking architecture and views of Mt. Hood and the Columbia River.

Key Highlights

• Class A office building offering a prestigious business address.
• Striking architecture makes this building a landmark.
• Enjoy breathtaking views of Mt. Hood.

Property Analytics

Property Profile

Current Use

Mr. Electric of Portland Electrical Service Prairie Electric Inc. Electrical Service Tax Relief Settlement ... Tax Preparation Portland Rehab Center Rehabilitation Center Dr. Lucas Klein Physician

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Catering Service Butcher Locksmith

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

$3.45 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,277

Businesses Nearby

Explore this area Business Placement

Demographics for 97230, OR

41,562

Population

17,190

Households

2.4

Avg Household Size

39

Median Age

28%

College-Educated

90%

High-School Grad

13.9 sq mi

ZIP Area

2,990

Density / Sq Mi

$70,582

Median Household Income

$41,102

Median Earnings

$1,511

Median Rent

$435,800

Median Home Value

Market

Lease Benchmarks for Portland, OR

$18.37 /SF/Yr

Avg Asking Price

$12–$26 /SF/Yr

Price Range

21,894 SF

Avg Space Size

This space is priced 25% above the average of $18.37 /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 - Three-story office building with views of Mt. Hood and Columbia River.

Where is this office building located?

The property is located at 5933 NE Win Sivers Drive Portland, OR.

What is the lease rate?

The lease rate is $23 SF/Yr.

What are key features of this property?

This property features: Class A office building offering a prestigious business address.; Striking architecture makes this building a landmark.; Enjoy breathtaking views of Mt. Hood.