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51385 SW Old Portland Rd 22,203 SF 51% Leased Office Building Scappoose, OR 97056 $5,640,000 ($254.02/SF) 6.42% Cap Rate
Investment Highlights
- INSTITUTIONAL-GRADE ANCHOR TENANT
- EXCELLENTLY MAINTAINED & MANAGED
- VALUE-ADD LEASE-UP OPPORTUNITY
- STRATEGIC LOCATION IN GROWTH CORRIDOR
Executive Summary
Building I is fully leased to OHSU, a state-supported academic medical center with superior credit. The lease extends through 2031 with 3% annual rental escalations, ensuring stable and growing income.
Building II offers 6,363 SF of vacant space, including a medical-ready shell and a finished suite. These spaces provide immediate upside through professional leasing efforts, with potential for OHSU expansion or subdivision into smaller suites.
Property Facts
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
ATI Physical Therapy is a rehabilitation provider founded in 1996 and headquartered in Illinois. The company delivers research-based physical therapy, workers’ compensation rehabilitation, sports medicine, and specialized therapies supported by clinical data and standardized care processes. Its services include treatment for musculoskeletal conditions and employer-focused worksite solutions. ATI operates on a single-branded platform offering in-clinic, online, and hybrid physical therapy, supported by outcomes from millions of patient cases. The organization is publicly held and maintains a focus on integrated care models designed to improve functionality and mobility across diverse patient needs.
- Erhardt Physical Therapy And Sports Medicine, Pc
- Health Care and Social Assistance
- -
- -
- -
- Pinpoint Acupuncture Clinic
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| Erhardt Physical Therapy And Sports Medicine, Pc | Health Care and Social Assistance | - | - | - | ||
| Pinpoint Acupuncture Clinic | Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 5,421 SF
- Office/Medical
- Shell Space
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,421 SF | Office/Medical | Shell Space | Now |
1st Floor
| Size |
| 5,421 SF |
| Space Use |
| Office/Medical |
| Condition |
| Shell Space |
| Available |
| Now |
Property Taxes
| Parcel Number | 0101032130310300000 | Improvements Assessment | $589,840 |
| Land Assessment | $145,210 | Total Assessment | $735,050 |
Property Taxes
Presented by
51385 SW Old Portland Rd
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