Property summary
This exceptional two-tenant, 13,534 square foot Class B office building in Wilsonville, Oregon, presents a compelling investment opportunity. Situated on a 0.9-acre lot (39,866 sq ft) at 29755-29757 SW Boones Ferry Rd, 97070, this property boasts high visibility and easy access to Interstate 5, experiencing approximately 100,000+ vehicles per day. The building, constructed in 1995, features two stories and offers a multi-tenant configuration with currently 50% occupancy. The property includes three grade-level doors, an oversized break room, and ample natural light. The vacant unit provides three restrooms, one with a shower. Four HVAC systems ensure climate control, while a wet sprinkler system and irrigation system enhance safety and landscaping. The building benefits from 3-phase 400-amp power and minimal freeway noise. Recent renovations (2023) include updated light fixtures and resealed/striped parking. The property shares a cross-parking easement with a Best Western. The building's location within Wilsonville, a thriving business hub with over 1,000 businesses and a nearly $1.1 billion annual private-sector payroll, contributes to its strong investment potential. The property's 7.00% cap rate and strategic location make it an attractive addition to any portfolio. The permitted zoning is PDI. APN is 00812179.
Property profile
VerifiedCap rate & NOI
Current use
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HVAC Service General Contractor
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Construction Company
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HVAC Service General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Zoning
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