220 NW 8th Ave
Portland, OR 97209
US Custom House · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Recent $18M Renovation: Between 2012 and 2017, the Collateral underwent an $18 million interior and building system upgrade
- Historic Tax Credits and Opportunity Zone location
- Prime location with walkable amenities
- Job growth and income in the Portland metropolitan area continue to outpace the national average in almost every industry, with technology
- The Collateral has quick access to Steel Bridge, Burnside Bridge, the I-5 Freeway, and various Tri-Met Bus and Rail lines providing convenient access
- The offering presents investors and users the opportunity to acquire a fully renovated asset at a small fraction of the replacement cost.
PROPERTY FACTS
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
67,502 SF
Building Class
B
Year Built/Renovated
1901/2015
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
13,500 SF
Building FAR
1.78
Lot Size
0.87 AC
Zoning
CX - commercial/mixed use
Parking
12 Spaces (0.18 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Courtyard
PROPERTY TAXES
| Parcel Number | R140516 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,009,140 |
