120 Foothills Rd Lake Oswego, OR 97034
- Distribution centers
- 24,920 SF
- 1.40 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 120 Foothills Rd
- Year built
- 1969
- Lot size
- 1.40 lot acres
- Property size
- 24,920 SF
- Property type
- Distribution centers
- APN
- 001-821-99
Description
This exceptional single-tenant net lease industrial warehouse, located at 120 Foothills Rd, Lake Oswego, OR 97034, presents a compelling investment opportunity. The property boasts 24,920 square feet across four, one-story buildings situated on a 1.4-acre lot (APN: 001-821-99). Built in 1969, the property is zoned I - Industrial, allowing for a variety of uses, including self-storage. The current lease is a net lease, expiring at the end of 2027, offering the potential for renewal or extension. The tenant has consistently invested in capital improvements. This location offers significant advantages, including proximity to Downtown Lake Oswego, Oregon Route-43, and easy access to I-5 and I-205 freeways. The property benefits from a strong demographic area with low industrial vacancy rates in Lake Oswego (0.3%) and the broader Portland area (5.4% in 3Q24). This presents an attractive owner-user opportunity, providing protection against future rental market fluctuations and offering occupancy control, tax benefits, and equity accumulation. The asking price is $3,755,000. This is a rare commercial property in a primarily residential area, offering significant potential for long-term growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Oswego
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.6600329
- Latitude
- 45.4197533
