Property summary
This exceptional 26,800-square-foot industrial warehouse, situated on a spacious 49,222-square-foot lot in Multnomah County, Oregon, presents a remarkable investment opportunity. Located in Portland at 4701 Northeast Portland Highway, zip code 97218, this single-tenant property boasts a strategic location, offering convenient access to both I-5 and I-205 interstates. The building features a 12'5" ceiling height, enhancing operational efficiency. Loading and unloading are facilitated by two drive-in doors and one dock-high door. The property is zoned IG2 and offers substantial power capacity, including 480V with 800 amps and 208V with 1200 amps. The building's infrastructure includes a newer Firestone TPO roof with 4" of R24 insulation, and 29 high-efficiency HVAC units. The fully fenced property includes two convenient storage yard areas. While currently used as a hemp/marijuana grow facility, the versatile layout allows for easy conversion to suit a variety of industrial or distribution needs. The building can easily be divided into two suites or remain as a single large space. Existing equipment, including TrolMaster grow controllers, custom rolling rack systems, Open Sprinkler Irrigation controllers, and a facility-wide ControlI4 automation system, is available for purchase separately from the tenant. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant potential.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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