2600 98Th AvePortland, OR 97266

Property Details for 2600 98Th Ave

Year built

1990

Lot size

1.94 AC

Property size (Sq ft)

29,856 SF

Zone code

C02

Property type

Office properties

Property subtype

Other office properties

APN

1S2E09AA 07401

APU

1S2E09AA07401

Description

This exceptional 15,509-square-foot Class A office space is available for lease at Centre 205, located at 2600 SE 98th Ave, Portland, OR 97266. Situated on a 1.93-acre lot, this two-story building boasts an inviting and modern lobby and offers exterior signage opportunities. The space, encompassing the entire second floor, is ideally suited for a variety of uses, including traditional office, executive office, coworking, and educational settings. Currently configured with eleven classrooms and two private offices, this versatile space provides ample room for customization. The lease rate is reduced to $15.00 per square foot, full-service. The initial lease term is available from September 1, 2024, to March 31, 2026, with the owner open to negotiating a longer-term agreement. Building amenities include elevators. The property features a single tenancy and is part of a larger 29,856-square-foot building constructed in 1990. The property's APN is R239355. Cross street is SE Division. This prime Portland location offers excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $8,200,249

  6.5%

  $7,569,460

  7%

  $7,028,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,749,668

  Geo Method

  $5,749,668

• Alternative Use

  Use

  Valuation

  Residential

  $9,386,131

  Hospitality

  $8,597,646

  Educational

  $7,153,140

  Medical

  $7,399,148

  Retail

  $11,127,107

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5035

Longitude

-122.562

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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