1312-1396 Powell Blvd Gresham, OR 97030
- Office Properties & Spaces
- 16,797 SF
- 1.35 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1312-1396 Powell Blvd
- Year built
- 2003
- Lot size
- 1.35 lot acres
- Property size
- 16,797 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents the Powell Professional Center, a three-building medical office complex situated on a 1.35-acre lot in Gresham, Oregon. The property boasts a total of 16,797 square feet of net rentable space, currently enjoying a 93% occupancy rate. Built in 2003/2000, the single-story buildings feature solid brick exteriors and metal roofs, showcasing durable construction. The property is zoned DCL Downtown Commercial Low-Rise and comprises two tax lots (Lot 1: 0.58 acres, Lot 2: 0.77 acres), offering flexibility and potential for future development. The current Net Operating Income (NOI) stands at $255,243, translating to an attractive 7.00% capitalization rate. The average rent per square foot is $16.54, reflecting a strong market position. This NNN-leased property is priced at $3,646,300 and presents a compelling investment opportunity for discerning buyers seeking a stable, high-performing medical office portfolio in a desirable Gresham location. The address is 1312-1396 E Powell Blvd, Gresham, OR 97030.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gresham
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.418
- Latitude
- 45.4978
