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2929 SW Multnomah Blvd
Portland, OR 97219
The Village Offices · Office Property For Sale
Investment Highlights
- Well-maintained, three-story office building with 100% occupancy.
- Tight office submarket with a 0.6% vacancy rate in the immediate trade area for office space less than 1K SF.
- The high amount of small footprint units provides for a diverse income stream and a barrier against vacancy given the on-going demand for such units.
- Current Property Manager reports a lengthy waiting list of potential tenants waiting for a vacant unit to become available.
- 42% of the tenants have operated at the site for 5+ years with 18% of the tenants having operated at the site for 10+ years.
Property Facts
Property Type
Office
Building Size
7,446 SF
Building Class
B
Year Built
2009
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,482 SF
Slab To Slab
10’
Building FAR
0.45
Lot Size
0.38 AC
Zoning
R7
Parking
20 Spaces (2.7 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | R263361 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,421,250 |
Property Taxes
Parcel Number
R263361
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,421,250
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