Current Use by Public Records
- Providence Infusion - East Portland / Medical Clinic
- Rick T. Warren, APRN / Physician
- Providence Home Medical Equipment - Portland / Production Facility
- Providence Long-Term Care Pharmacy - Portland / Medical Clinic
- Dr. William J. Kennedy, DO / Physician
Property Details for 6410 Halsey St
- Year built
- 1969
- Lot size
- 4.10 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.597
- Latitude
- 45.5327
