15110 SW Boones Ferry Rd 14,945 SF 82% Leased Office Building Lake Oswego, OR 97035 $3,795,000 ($253.93/SF)

A prime owner-user or investor office opportunity in the heart of Lake Oswego’s Lake Grove business district. The property is centrally located at the corner of Boones Ferry Road and Kruse Way, one of the area’s most established commercial intersections, and is surrounded by one of the most affluent residential trade areas in Oregon. The building is currently 81.8% occupied with a mix of long-term and short-term tenants, providing immediate in-place income with the flexibility to reposition suites over time.
An owner-user can take advantage of the short-term lease profile to allow a buyer to strategically occupy space while maintaining rental income from the existing tenants. A purchaser can target 51% owner occupancy to qualify for SBA financing, while using the remaining leased space to help offset mortgage and operating costs. This structure allows a business to control its real estate, stabilize long-term occupancy costs, and build equity.
An investor can grow the NOI through lease-up, rent increases, and improving tenant mix while taking advantage of the cash flow. The existing occupancy provides a solid income base, while future leasing activity creates upside potential.
The property is also well-suited for medical and healthcare users, located directly across from The Springs at Lake Oswego, a large senior living community that drives daily demand for medical, wellness, and professional services.