Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area

Property Description

JLL, as exclusive advisor for the seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 240 SE 2nd in Portland, Oregon. The fully renovated, 8,374 square foot creative office building is in one of Portland’s most sought-after submarkets. The property offers potential owner-users and investors the rare opportunity to acquire move-in ready office space with strong in-place income, as it is 51.3% leased to a credit tenant with just under three years of remaining lease term.

In addition to the office portion of the property, 240 SE 2nd includes a 6,000 square foot covered, secure parking structure that houses 16 parking stalls and bike storage.

Investment Highlights

  • Opportunity for both investors and potential owner-users
  • Unmatched building design and finishes
  • In-place income from credit tenant
  • Recently renovated
  • Above-market parking ratio with future development opportunity
  • Desirable urban location within the close-in Eastside neighborhood
  • Proximity to transit and amenities
  • Rise of the creative class


Last Updated Date: 01 Sep 2020
Adam Taylor
Adam Taylor
Director, Capital Markets
Logan Greer
Logan Greer
Senior Director, Capital Markets
License details
OR-201215171 WA-135647

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+358931583230
Last Updated Date: 01 Sep 2020

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