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Kruse Park Bldg 3990 Collins Way 13,382 SF 100% Leased Office Building Lake Oswego, OR 97035 $3,674,936 ($274.62/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% leased investment with long term tenants. Located in the highly desirable Lake Oswego submarket
  • New roof in 2020 & New HVAC in 2021
  • New parking lot drainage system and exterior paint in 2025
  • New 2nd floor windows and skylights
  • Updated alarm panels and system in 2024
  • Weighted Average Lease Term (WALT) of approximately 4.1 years

EXECUTIVE SUMMARY

Well-maintained 13,382 SF fully leased office building in Lake Oswego with close access to Kruse Way, I-5, and Hwy 217. Both tenants have a long history in the
building. Kruse Park Chiropractic originally moved into the building in July 2006, and Shannon & Wilson started in October 2014. Shannon & Wilson renewed and expanded within the building in October 2024.
This two-story elevator-served building is on 23,668 SF of land with two separate curb cuts. The property is zoned General Commercial and is located within the Lake Grove Village Center Overlay District. The owner has performed several capital improvements as listed below.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
13,382 SF
Building Class
B
Year Built
1983
Price
$3,674,936
Price Per SF
$274.62
Cap Rate
6.75%
NOI
$248,058
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,691 SF
Slab To Slab
9’
Building FAR
0.57
Lot Size
0.54 AC
Zoning
GC
Parking
40 Spaces (2.99 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
  • Balcony

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Kruse Park Chiropractic Clinic
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • -
  • Jan 0000

Shannon & Wilson is an employee-owned consulting firm headquartered in Seattle, Washington. Committed to technical excellence and high-quality service, they provide integrated geotechnical engineering, engineering geology, environmental, and natural resource services for clients worldwide. Since 1954, they have delivered comprehensive engineering and environmental solutions for the most challenging infrastructure planning, design, permitting, and construction conditions. They're dedicated to improving their communities, preserving the environment, and utilizing the most innovative science practices in all their work.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Kruse Park Chiropractic Clinic Health Care and Social Assistance 99,999 SF - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services 99,999 SF - - Jan 0000
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00239940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,072,698
  • Listing ID: 36076121

  • Date on Market: 6/2/2025

  • Last Updated:

  • Address: 3990 Collins Way, Lake Oswego, OR 97035

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