444-419 SW 5th Ave
Portland, OR 97204
Washington Center Tower · Office Property For Sale

DOWNTOWN PORTLAND BUILDIINGS WITH IN-PLACE INCOME AND LOCATED IN AN OPPORTUNITY ZONE Cushman & Wakefield is pleased to offer for sale Washington Center, the premier Portland CBD Qualified Opportunity Zone investment in the heart of Portland, Oregon's Central Business District. The property represents a high rise development site or creative office opportunity. PROPERTY HIGHLIGHTS High Rise Development Site • Half-block development site (20,000 SF) • 34,000 SF of existing improvements in vacant two-story building • Includes existing underground parking garage with approx. 60 stalls generating over $150,000 in rental income • Zoning provides greatest FAR and tallest height allowed in Portland (15:1 FAR, 460 ft) • 540,000 SF development potential (with FAR bonus) • Walk Score of 100 • Located directly on MAX transit line and surrounded by thriving retail amenities • Direct access to Morrison Bridge, Central Eastside, I-84, I-5 and I-405 Creative Office or Conversion Opportunity • 45,685 SF, 7-story building • $165,600 in-place income from credit tenant (Verizon) • Full building repositioning opportunity • Located in the center of Portland's thriving tech scene • Floor-to-ceiling window line • Ground floor expansion opportunity