11618 Sumner StPortland, OR 97220

Property Details for 11618 Sumner St

Year built

1976

Lot size

4.23 AC

Property size (Sq ft)

18,000 SF

Zone code

IG2H

Property type

Warehouses

APN

1N2E22AB 00300

APU

1N2E22AB00300

Description

This exceptional commercial property located at 11618 NE Sumner St offers a significant opportunity for businesses seeking flexible warehouse space. The building totals 94,711 square feet and is currently 100% vacant, presenting a unique chance to customize the space to meet specific operational needs. Multiple tenancy options are available, with a minimum divisible unit size of 13,902 square feet and a maximum contiguous space of 80,809 square feet. This allows for businesses of various sizes to find a suitable fit within this expansive facility. The property is classified as both retail and industrial, offering versatility for a wide range of uses. Three loading docks provide efficient and convenient access for loading and unloading goods, streamlining logistical operations. The property's substantial size and flexible layout make it an ideal location for businesses requiring ample storage, distribution, or manufacturing space. The strategic location offers excellent accessibility and visibility, enhancing operational efficiency and market reach. This is a prime opportunity to secure a substantial and adaptable warehouse space in a desirable location. Immediate occupancy is available. Inquire today to learn more about leasing options and customize your ideal workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $11,565,700

  6.5%

  $10,676,000

  7%

  $9,913,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,546,300

  Geo Method

  $5,546,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,378,010

  Mixed-Use / Specialty

  $5,282,720

  Hospitality / Lodging

  $3,776,660

  Office

  $5,172,060

  Institutional / Educational

  $5,464,700

  Residential Income

  $6,393,700

  Multifamily

  $8,090,240

  Automotive / Energy

  $4,684,030

  Parking / Income-Based Land

  $1,691,600

  Restaurant / Food Service

  $2,585,140

  Healthcare / Senior Housing

  $5,495,390

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5606

Longitude

-122.543

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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].