2705 Burnside StPortland, OR 97214

For Sale
$4,300,000

Prime Portland Office Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a stabilized Class B office building located at 2705 E Burnside St, Portland, Oregon 97214. The Burnside Trolley Building offers 16,597 square feet of leasable space, spread across two stories and served by an elevator. The building boasts a classic brick exterior and features on-site parking, a significant advantage in this desirable location. Currently generating a strong pro-forma NOI of $270,650, resulting in a 6.29% pro-forma cap rate, this property offers a compelling return on investment. The asking price is $4,300,000, translating to $259.08 per square foot. The building's tenant base demonstrates remarkable stability, with over half having occupied the space for more than a decade, indicating strong lease longevity and predictable income streams. Situated in close-in Portland, the property benefits from its proximity to numerous amenities, making it an attractive location for businesses and employees alike. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Portland neighborhood. The building's solid performance history and strong tenant relationships make it an ideal addition to any commercial real estate portfolio. This two-story building offers a blend of classic charm and modern functionality, making it a highly sought-after property in the competitive Portland market.

Highlights

  • $4,300,000 asking price.
  • 16,597 square foot, Class B office building.
  • Stabilized investment with a 6.29% pro-forma cap rate and $270,650 pro-forma NOI.
  • Two-story building with elevator service.
  • Located at 2705 E Burnside St, Portland, OR 97214, offering on-site parking and classic brick exterior.

Property Details for 2705 Burnside St

Property type
Other office properties, Office properties
Square Feet
16,597 SF
Class
B
Buildings
1
Stories
2

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5232748
Longitude
-122.6378817
2705 Burnside St, Portland, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2705 Burnside St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message