4382 SE International Way
Milwaukie, OR 97222
Flex Property For Sale

Positioned in the heart of Milwaukie’s thriving business corridor, 4382 SE International Way offers investors a rare opportunity to acquire a fully leased, income-producing industrial/flex property with long-term stability and upside potential. This 19,721 SF building is anchored by the State of Oregon and Pear Bureau Northwest, organizations with deep roots and proven operational longevity. Current leases provide predictable cash flow with a strong ±6.0% cap rate, while the prime corner suite—comprising nearly 45% of the building—becomes available in mid-2027, creating a strategic window for repositioning or re-tenanting at market rates.
The property’s location along Highway 224 ensures seamless connectivity to Portland’s urban core, Clackamas Town Center, and major arterials serving the metro region. Tenants benefit from proximity to public transit, retail amenities, and a robust labor pool, reinforcing the site’s appeal for government and private-sector users alike. With a history of 16–18 years of tenancy, this asset exemplifies stability while offering future flexibility for value-add investors.
Whether acquired individually or as part of a portfolio with the McKenzie Center in Eugene, this offering represents a compelling blend of secure income and strategic growth potential in one of Oregon’s most dynamic submarkets.