975 Sandy BlvdPortland, OR 97214

Property Details for 975 Sandy Blvd

Year built

1973

Lot size

0.76 AC

Property size (Sq ft)

23,808 SF

Zone code

EXD

Property type

Office properties

APN

1N1E35CD 02200

APU

1N1E35CD02200

Description

This exceptional two-story creative office building, located in Portland's close-in Eastside Industrial District at 975 SE Sandy Blvd, offers twelve suites ranging from 266 to 5,056 square feet. Built in 1973 and recently renovated, both the exterior and interior boast a modern aesthetic thanks to Kahnery Elan Interior Design. The property comprises 20,303 total square feet across two buildings. Currently, five suites are available for lease. Ample parking is provided with 66 parking passes available at a monthly rate of $125.00, offering a generous parking allocation of 3.0 spaces per 1,000 square feet. Lease terms are a minimum of three years, with base rent ranging from $22.00 to $27.00 per square foot annually. Annual operating expenses are $10.00 per square foot, resulting in an all-in rate of $32.00 to $37.00 per square foot annually. The property is situated in Multnomah County, Oregon, with the zip code 97214. This is a fantastic opportunity for businesses seeking modern, well-maintained office space in a vibrant Portland location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $6,539,106

  6.5%

  $6,036,097

  7%

  $5,604,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,584,944

  Geo Method

  $4,584,944

• Alternative Use

  Use

  Valuation

  Residential Income

  $7,484,760

  Hospitality / Lodging

  $6,856,000

  Institutional / Educational

  $5,704,112

  Healthcare / Senior Housing

  $5,900,285

  Retail / Commercial

  $8,873,063

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5218

Longitude

-122.656

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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