Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

JLL, as exclusive advisor for the seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 240 SE 2nd in Portland, Oregon. The fully renovated, 8,374 square foot creative office building is in one of Portland’s most sought-after submarkets. The property offers potential owner-users and investors the rare opportunity to acquire move-in ready office space with strong in-place income, as it is 51.3% leased to a credit tenant with just under three years of remaining lease term.

In addition to the office portion of the property, 240 SE 2nd includes a 6,000 square foot covered, secure parking structure that houses 16 parking stalls and bike storage.

Investment Highlights

  • Opportunity for both investors and potential owner-users
  • Unmatched building design and finishes
  • In-place income from credit tenant
  • Recently renovated
  • Above-market parking ratio with future development opportunity
  • Desirable urban location within the close-in Eastside neighborhood
  • Proximity to transit and amenities
  • Rise of the creative class


Last Updated Date: 24 Jul 2021
Adam Taylor
Adam Taylor
Director, Capital Markets
Buzz Ellis, SIOR
Buzz Ellis, SIOR
Managing Director, Capital Markets
License details
930100005

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Last Updated Date: 24 Jul 2021

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