For Sale
$6,670,000
9700 Capitol Hwy Portland, OR 97219
Portland Office Building - 7% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Exceptional two-story, 28,590 SF Class B office building in desirable Southwest Portland.
- 96% occupancy, $466,720 NOI, 7.00% cap rate, $6,670,000 asking price ($233.30/SF).
- 1.36-acre lot, CM2 zoning, allowing for mixed-use development potential.
- Recent capital improvements include roof replacement (2017), HVAC upgrades, lobby remodel (2018), security cameras (2021), and restroom renovations (approx. $250,000).
- 99 parking spaces, abundant natural light, Mount Hood views, convenient location near I-5 and downtown Portland.
Property Details for 9700 Capitol Hwy
- Property type
- Office properties
- Square Feet
- 28,590 SF
- Class
- B
- Stories
- 2
- Lot Size (sq. ft)
- 59,242 SF
Location Insight
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Latitude
- 45.455066933779
- Longitude
- -122.7196246736
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Portland Office Building - 7% Cap Rate
- Where is the office property located?
- The property is located at 9700 Capitol Hwy Portland, OR.
- What is the asking price?
- The asking price for this property is $6,670,000.
- What are key features of this property?
- This property features: Exceptional two-story, 28,590 SF Class B office building in desirable Southwest Portland.; 96% occupancy, $466,720 NOI, 7.00% cap rate, $6,670,000 asking price ($233.30/SF).; 1.36-acre lot, CM2 zoning, allowing for mixed-use development potential.
- 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 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 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].
Visit Broker Website