6410 Halsey St Portland, OR 97213

Property Details for 6410 Halsey St

Year built

1969

Lot size

4.10 lot acres

Property size

178,596 SF

Property type

Industrial properties

Property subtype

Flex space

Description

Exceptional investment opportunity: a 178,596 square foot flex space in Portland, Oregon, currently leased to Providence Health and Services – Oregon, an affiliate of Providence St. Joseph’s Health (Moody’s A2 Credit). This property boasts a long-term, 10-year remaining lease (through 12/31/2034) under a triple-net (NNN) lease structure, commencing on 12/31/2019. The asking price is $20,760,000, translating to $327.95 per square foot. Built in 1969 and extensively renovated in 2008, the property features 6 dock-high doors, a 19-foot ceiling height, and ample parking for 206 vehicles. Situated on a 4.1-acre lot in the EG2 Employment & Industrial Zone, this mission-critical location is less than one mile from Providence Portland Medical Center, a major regional hospital. The property's strategic location provides easy access to I-84, I-5, downtown Portland, Portland International Airport, and the Port of Portland. The tenant utilizes approximately 25% of the building for warehousing medical supplies and 75% for pharmaceutical R&D, office, and patient services. A $10,900,000 assumable loan with 3.908% interest-only payments is available until January 1, 2030. The net rentable area is 63,303 square feet. This property represents a stable, high-value investment with a strong tenant and prime location.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Longitude

-122.597

Latitude

45.5327