29755 Boones Ferry Rd Wilsonville, OR 97070
- Office Properties & Spaces
- 13,534 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 29755 Boones Ferry Rd
- Year built
- 1995
- Property size
- 13,534 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilsonville
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.77
- Latitude
- 45.3056
