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Property profile & analytics
OFF-MARKET
Neighborhood centers

0 Saltzman Rd Portland, OR 97229

55,155 SF
Property ID
Property summary
AI-generated overview

Milltowner II, a 55,155 square foot strip center in Beaverton, Oregon's Cedar Mill neighborhood, offers exceptional retail space. Strategically located at the northwest corner of NW Saltzman Road and NW Cornell Road, this property enjoys high visibility and accessibility, serving as a key gateway to the thriving Coleman, Bonny Slope, and Bethany communities. The center benefits from its proximity to the burgeoning "Silicon Forest," home to major tech companies like Tektronix, Intel, and IBM, ensuring a robust customer base. Currently, two spaces are available, providing flexible options for businesses seeking prime retail locations. One space offers 2,640 square feet of interior space complemented by a generous 1,208 square foot outdoor seating area, ideal for restaurants or businesses requiring ample customer interaction space. The second space comprises 2,201 square feet of interior space with an equally impressive 1,457 square foot outdoor seating area, presenting another attractive opportunity. The center is anchored by a new small-format Target, further enhancing its appeal and drawing significant foot traffic. Minimum divisible space is 2,201 square feet, with a maximum contiguous space of 2,640 square feet. This property presents a unique opportunity to establish a presence in a high-growth area with strong demographics and excellent visibility. Located in Washington County, this retail center offers a compelling investment opportunity for businesses seeking a strategic location within a thriving community.

Property profile
Verified
Property type Neighborhood centers
Total area 55,155 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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