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Block 90 323-325 NW 13th Ave 48,058 SF 77% Leased Office Building Portland, OR 97209 $9,550,000 ($198.72/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- NW 13th Corridor Lowest Retail Vacancy Rate in Downtown Portland at 3.0%
- Highly sought after submarket in Portland’s vibrant Pearl District
- Desirable dock high corner retail on highly visible pedestrian thoroughfare
- Captive trade area with exceptional demographics
- Sticky tenancy with anchor retailer in occupancy since 2007
- Highly accessible location with direct connectivity to the greater Portland metro
EXECUTIVE SUMMARY
Block 90 (the “property”) – an assemblage of six (6) units totaling 48,058 square feet, located along the Pearl District’s highly coveted NW 13th retail corridor.
Situated in Portland’s most desirable submarket, the Pearl District is a testament to urban renewal. The property benefits from
an exceptional location along NW 13th, the district’s premier retail corridor, which is rapidly becoming one of the city’s top destinations for dining, shopping, and cultural activities. Offering a blend of modern amenities, a vibrant walkable atmosphere, and
seamless connectivity to the greater Portland metro area, the location epitomizes urban living and retailer paradise.
The condo structure at Block 90 offers buyers the advantages of full ownership with controlling interest, while also providing the flexibility of a condominium exit strategy, allowing investors to stabilize the property and either sell it as a whole or divest individual units, providing a range of strategic options for exit.
Block 90 offers investors a unique opportunity to acquire controlling condominium interest along Portland’s highly desirable NW 13th retail corridor in the Pearl District, providing access to a vibrant cultural hub and offering multiple flexible exit strategies.
For more information, please visit the property website hosted on Revere CRE or contact one of our team members.
PROPERTY FACTS
AMENITIES
- Controlled Access
- Restaurant
- Signage
- Monument Signage
- Outdoor Seating
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Aveda is the leading high-performance, plant-based hair and skin care brand, trusted by millions of guests and thousands of artists and salons around the world. The brand's promise is to care for the whole individual, connecting beauty, well-being, and sustainability. Its powerful products are rooted in nature and inspired by the bold self-expression of art and style from around the globe. Aveda works to make a difference in the world by using recycled packaging, responsible sourcing and manufacturing, and raising money for clean water during Earth Month.
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- Accommodation and Food Services
- -
- -
- -
Mediterranean Exploration Company is a restaurant serving innovative cuisine from the eastern Mediterranean and beyond. Drawing from extensive research and travels to Israel and surrounding areas, our menu features exceptional plates that are culturally diverse yet cohesive, paying tribute to the exploration of people across the Mediterranean throughout history.Executive Chef Kasey Mills with partners John Gorham and Ron Avni bring innovative cuisine from the eastern Mediterranean and beyond. Drawing from extensive research and travels to Israel and surrounding areas, the menu features exceptional plates that are culturally diverse yet cohesive, paying tribute to the exploration of people across the Mediterranean throughout history. In an open and vibrant atmosphere with an industrial-meets-refined décor in Portland’s Pearl District, M.E.C. encourages family-style dining and features a playful beverage program with nods to the flavors of the Mediterranean.
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- Professional, Scientific, and Technical Services
- -
- -
- -
WE is one of the largest independent communications and integrated marketing agencies in the world. Female-founded, female-led, and fiercely independent, WE helps innovative brands tell tech stories grounded in humanity. The agency believes in the power of communication to move audiences to positive action, serving both clients and employees with equal dedication. With proprietary Brands in Motion insights, WE empowers leaders with the data and counsel needed to navigate a fast-moving world. Founded in 1983 by Melissa Waggener and joined by Pam Edstrom in 1984, the agency rebranded to WE in 2015 to reflect the core of who they’ve always been.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Beautiful, Bright, Cool Creative Space with breakout rooms, operable windows. Located on top 3rd level floor on the corner.
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 300 | 7,383 SF | Office | - | Now |
3rd Fl-Ste 300
| Size |
| 7,383 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 300
| Size | 7,383 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Beautiful, Bright, Cool Creative Space with breakout rooms, operable windows. Located on top 3rd level floor on the corner.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,512,720 | |
| Land Assessment | $0 | Total Assessment | $6,512,720 |
PROPERTY TAXES
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Block 90 | 323-325 NW 13th Ave
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