1631 NW Thurman St | Portland, OR 97209
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1631 NW Thurman St
Portland, OR 97209
1631 Thurman · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 12 Year Weighted Average Lease Term
- Rare 2.6 / 1,000 SF Parking Ratio in the Urban Core
- Immediate access to the amenity base and high-end housing in the Pearl District and Slabtown
- Repositioned Brick and Beam Creative Office with $10+ Million Invested
- Durable cash flow with no leasing risk through 2033 at an attractive yield anchored by one of Portland’s most iconic industrial pioneers
- Achievable Double Digit Levered Cash-on-Cash Returns
PROPERTY FACTS
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
63,445 SF
Building Class
B
Year Built/Renovated
1908/2024
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
18,000 SF
Building FAR
0.72
Lot Size
2.01 AC
Zoning
EXD, Portland - a zone that allows a mix of commercial, employment, and some residential uses
Parking
162 Spaces (2.6 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Fitness Center
- Security System
- Signage
- Skylights
- Roof Terrace
- Car Charging Station
- Outdoor Seating
- Air Conditioning
- Balcony
PROPERTY TAXES
| Parcel Number | R572032 | Improvements Assessment | $667,510 |
| Land Assessment | $7,003,170 | Total Assessment | $7,670,680 |
PROPERTY TAXES
Parcel Number
R572032
Land Assessment
$7,003,170
Improvements Assessment
$667,510
Total Assessment
$7,670,680
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