7201 Interstate AvePortland, OR 97217

For Sale
$10,000,000

Prime Portland office, ideal owner-user.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 48,420 square foot, two-story Class B office building presents a unique owner-user investment opportunity in Portland, Oregon. Located at 7201 N Interstate Ave, in Multnomah County, zip code 97217, this single-tenant property sits on a 0.97-acre lot and was built in 1976. The building's low-rise design and ample surface parking offer significant cost advantages compared to high-rises, making it easy to adapt to evolving business needs. Its convenient location provides easy access to I-5, Portland International Airport, and a MAX light rail stop, serving a population of approximately 312,609 within a 5-mile radius. The property benefits from its location in a thriving area attracting major technology companies, contributing to a strong and diverse talent pool. This presents an attractive opportunity to secure long-term cost savings by eliminating rent payments, while simultaneously building after-tax equity. The asking price for this exceptional investment is $10,000,000.

Highlights

  • 48,420 SF, two-story Class B office building in Portland, OR.
  • Located at 7201 N Interstate Ave, Multnomah County, 97217, on a 0.97-acre lot. Built in 1976.
  • Single-tenant, owner-user opportunity; $10,000,000 asking price.
  • Low-rise design with ample surface parking; convenient I-5 access, proximity to PDX airport, and MAX light rail.
  • Situated in a thriving area attracting major tech companies, offering a strong talent pool (53% of Portlanders have at least a bachelor's degree).

Property Details for 7201 Interstate Ave

Property type
Other office properties, Office properties
Square Feet
48,420 SF
Class
B
Year Built
1976
Buildings
1
Stories
2
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5757394
Longitude
-122.682483
7201 Interstate Ave, Portland, Oregon

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7201 Interstate Ave
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