Property summary
This exceptional industrial property, known as Portland Portal III, presents a significant opportunity in Gresham, Oregon's thriving Airport Way submarket. Comprising two modern buildings totaling 216,696 square feet, this facility boasts impressive features ideal for distribution and warehouse operations. Constructed in 2024, the buildings feature a desirable mix of 32' and 36' clear ceiling heights, providing ample vertical space for efficient storage and operations. The property includes 57 dock-high doors and 4 grade-level doors, ensuring seamless loading and unloading. Built with durable concrete tilt-up construction, the buildings are designed for longevity and functionality. The property is zoned General Industrial (GI), offering flexibility for a variety of uses. Ample parking is provided with 156 auto parking stalls. The strategic location at the signalized intersection of NE Sandy Boulevard and NE Airport Way offers excellent access to major transportation arteries, enhancing logistics and distribution efficiency. Furthermore, the property is divisible to accommodate tenants requiring spaces as small as 25,000 square feet, making it suitable for a range of business needs. This property represents a rare opportunity to acquire a state-of-the-art industrial facility in a prime location. The combination of size, features, and location makes this an exceptional investment opportunity. Located in Multnomah County, Oregon, with a 97230 zip code, this property is ready for immediate occupancy.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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