9620 Colfax StPortland, OR 97220

This vacant, 12,780-square-foot Class B warehouse in Portland, Oregon, offers a compelling investment opportunity. Built in 1982, the property features 3 loading docks with levelers, 1 grade-level door, and a recessed dock, all within a 2.01-acre lot including approximately 51,000 square feet of excess yard space. The building boasts 17-foot clear height and concrete tilt construction. Three gated entrances provide secure yard access, complemented by an industrial floor scale. The property is zoned IG2 and enjoys a strategic location with easy access to I-205, I-84, and Portland International Airport, making it ideal for warehousing, distribution, or contractors needing laydown yard space. The Net Operating Income (NOI) is $304,813, resulting in a 6.78% cap rate. This NNN lease property is currently vacant, presenting a chance to establish a new tenant or owner-occupy. The asking price is $4,495,000.