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2021-2033 NE Martin Luther King Jr Blvd 850 - 9,000 SF of Office/Retail Space Available in Portland, OR 97212
HIGHLIGHTS
- Neighbors include a salon, coffee shop
- Less than 2 miles to Portland’s Central Business District
- Close in Northeast location
- High traffic location
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2021 | 5,750 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $86,250 /YR $7,188 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 2025 | 850 SF | Negotiable | $21.00 /SF/YR $1.75 /SF/MO $17,850 /YR $1,488 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 2027 | 900 SF | Negotiable | $21.00 /SF/YR $1.75 /SF/MO $18,900 /YR $1,575 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2033 | 1,500 SF | Negotiable | $21.00 /SF/YR $1.75 /SF/MO $31,500 /YR $2,625 /MO | Triple Net (NNN) |
1st Floor, Ste 2021
Fully conditioned space. Warehouse with high ceilings and mezzanine. Newly insulated, new energy efficient windows, rollup garage door. Brand new HVAC. Newly remodeled office/reception area. Would be perfect for a gym. Neighbors include yoga studio, hair salon, and coffee shop.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Central Air Conditioning
- Reception Area
- High Ceilings
- Exposed Ceiling
1st Floor, Ste 2025
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
1st Floor, Ste 2027
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
2nd Floor, Ste 2033
Available immediately, this unit offers a highly functional configuration. The main area is spacious and open with natural light exposure. The floor plan also incorporates private offices for administrative or confidential tasks, alongside a dedicated private washroom for staff convenience. An ideal, self-contained space ready to support your business, whether for general office operations or specific creative enterprise needs.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 9,000 SF | Gross Leasable Area | 10,750 SF |
| Property Type | Retail | Year Built | 1928 |
| Property Subtype | Freestanding | Parking Ratio | 0.56/1,000 SF |
| Total Space Available | 9,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,750 SF |
| Year Built | 1928 |
| Parking Ratio | 0.56/1,000 SF |
ABOUT THE PROPERTY
PRIME COMMERCIAL SPACE FOR LEASE IN VIBRANT PORTLAND BROADWAY DISTRICT! Seize a fantastic opportunity to establish or expand your business in one of Portland's most dynamic and highly-trafficked corridors! Located in the heart of the Broadway district, this property offers a diverse mix of commercial spaces perfect for a variety of uses, from large-scale operations to boutique fitness/creative ventures. Four distinct units are available for immediate lease: 1. Massive Warehouse Flex Space Size: ±5,750 Sq/Ft Type: Warehouse / Retail/Flex Space Description: An expansive, open-concept floor plan offering ultimate flexibility. Ideal for light industrial, distribution, creative office, large-scale production, maker-space, logistics, or a unique retail concept. High ceilings, mezzanine, and a blank canvas ready for custom build-out. 2, 3, & 4. Turn-Key Studio Spaces (Formerly Yoga) Three separate studio spaces are available. These units offer open spaces making them perfect for fitness, wellness, artistic, or professional use. Studio A: ±1,500 Sq/Ft - Located on the second floor - Office/creative space Studio B: ±900 Sq/Ft - Located on the first floor Studio C: ±800 Sq/Ft - Located on the first floor Ideal uses for Studios: Yoga, Pilates, Dance, Barre, Group Fitness, Photography/Art Studios, Co-working Suites, Treatment/Therapy Rooms, etc. Excellent Connectivity: Easy access to major public transportation lines (MAX, Streetcar, Bus), connecting the area to Downtown, the Pearl District, Lloyd District, and beyond. Neighborhood Synergy: Benefit from co-locating with diverse businesses, a strong daytime population, and a vibrant nightlife scene.
NEARBY MAJOR RETAILERS
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2021-2033 NE Martin Luther King Jr Blvd