1901-1907 Grand AvePortland, OR 97214

For Sale
$7,200,000

30,778 SF, 2-Building Complex, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Portland industrial property presents a unique owner-user or lease-option investment opportunity. Spanning 30,778 square feet across two buildings, this complex offers a compelling blend of pristine warehouse space and a welcoming 6,000-square-foot showroom/office area. The office space includes executive offices on the second level, providing ample room for administrative functions. The property features four 15-foot-high doors, accommodating semi-truck deliveries, with one conveniently located at street level. The main warehouse comprises 24,000 square feet, and the property also includes a billboard, currently under lease, adding to its income potential. Built in 1978, this property sits on a 0.97-acre lot and is zoned CG. The 24,415-square-foot flex building is available for a lease option to purchase at $20.00 per square foot annually, with a triple-net (NNN) lease. A second 6,300-square-foot warehouse and the billboard also have established leases, providing additional income streams for an owner-user. The asking price is $7,200,000, reflecting a price per square foot of $233.93. The property is currently 100% occupied, offering immediate return on investment. This is a rare opportunity to acquire a well-maintained, multi-tenant industrial property in a prime Portland location. The recent $700,000 price reduction makes this an even more attractive proposition.

Highlights

  • 30,778 SF multi-building property available for owner-user or lease-option purchase.
  • Features 24,000 SF of warehouse space, 6,000 SF showroom/office (including second-floor executive offices), ample inside storage, and four 15' loading doors accommodating semi-trucks; one street-level door. Includes billboard. Recent $700,000 price reduction.
  • 24,415 SF flex building available for lease-option at $20/SF/year NNN. Includes two warehouses and a billboard with established leases; owner-user can retain lease income.

Property Details for 1901-1907 Grand Ave

Property type
Other industrial properties, Flex space
Square Feet
30,778 SF
Year Built
1978
Buildings
2
Stories
2
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5091319
Longitude
-122.6611818
1901-1907 Grand Ave, Portland, Oregon

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1901-1907 Grand Ave
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