2705 Burnside St Portland, OR 97214
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Prime Portland Office Building, High NOI
Property size:
16,597 SFProperty Features for 2705 Burnside St
General Information
- Property type
- Office properties & Spaces
- Square Feet
- 16,597 SF
- Class
- B
Building Details
- Buildings
- 1
- Stories
- 2
Listing Agency: Fuller Group Listing Agent: Steven Hunker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a stabilized Class B office building located at 2705 E Burnside St, Portland, Oregon 97214. The Burnside Trolley Building offers 16,597 square feet of leasable space, spread across two stories and served by an elevator. The building boasts a classic brick exterior and features on-site parking, a significant advantage in this desirable location. Currently generating a strong pro-forma NOI of $270,650, resulting in a 6.29% pro-forma cap rate, this property offers a compelling return on investment. The asking price is $4,300,000, translating to $259.08 per square foot. The building's tenant base demonstrates remarkable stability, with over half having occupied the space for more than a decade, indicating strong lease longevity and predictable income streams. Situated in close-in Portland, the property benefits from its proximity to numerous amenities, making it an attractive location for businesses and employees alike. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Portland neighborhood. The building's solid performance history and strong tenant relationships make it an ideal addition to any commercial real estate portfolio. This two-story building offers a blend of classic charm and modern functionality, making it a highly sought-after property in the competitive Portland market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Organic Partners International
Grocery & Convenience Store
Portland Cooperative Divorce
Law Firm
Black Cloud Therapy
Psychotherapist
Simon John Agger
Alternative Medicine Practice
Ms. Korina Jochim
Marriage Or Relationship Counselor
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.6378817
- Latitude
- 45.5232748
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FAQs
What type of property is this?
Office property - Prime Portland Office Building, High NOI
Where is this office property located?
The property is located at 2705 Burnside St Portland, OR.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: $4,300,000 asking price.; 16,597 square foot, Class B office building.; Stabilized investment with a 6.29% pro-forma cap rate and $270,650 pro-forma NOI.
