1312-1396 Powell BlvdGresham, OR 97030

For Sale
$3,646,300

Gresham medical office building, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the Powell Professional Center, a three-building medical office complex situated on a 1.35-acre lot in Gresham, Oregon. The property boasts a total of 16,797 square feet of net rentable space, currently enjoying a 93% occupancy rate. Built in 2003/2000, the single-story buildings feature solid brick exteriors and metal roofs, showcasing durable construction. The property is zoned DCL Downtown Commercial Low-Rise and comprises two tax lots (Lot 1: 0.58 acres, Lot 2: 0.77 acres), offering flexibility and potential for future development. The current Net Operating Income (NOI) stands at $255,243, translating to an attractive 7.00% capitalization rate. The average rent per square foot is $16.54, reflecting a strong market position. This NNN-leased property is priced at $3,646,300 and presents a compelling investment opportunity for discerning buyers seeking a stable, high-performing medical office portfolio in a desirable Gresham location. The address is 1312-1396 E Powell Blvd, Gresham, OR 97030.

Highlights

  • Single-story medical and office building complex.
  • Three buildings on two tax parcels.
  • Brick exterior with metal roofs.
  • 16,797 rentable square feet.
  • 59,150 square foot lot (1.35 acres).
  • Lot 1: 25,350 SF (.58 acres); Lot 2: 33,800 SF (.77 acres).

Property Details for 1312-1396 Powell Blvd

Property type
Other office properties, Medical offices
Square Feet
16,797 SF
Year Built
2003
Buildings
3
Stories
1
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Gresham
County
Multnomah
State
Oregon
Latitude
45.4977792
Longitude
-122.4179124
1312-1396 Powell Blvd, Gresham, 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].
1312-1396 Powell Blvd
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