1312-1396 Powell BlvdGresham, OR 97030

Property Details for 1312-1396 Powell Blvd

Year built

2003

Lot size

1.35 AC

Property size (Sq ft)

16,797 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Gresham

County

Multnomah

State

Oregon

Latitude

45.4978

Longitude

-122.418

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].