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Executive Summary

CBRE, as an exclusive advisor is pleased to present the opportunity to acquire 810 NW Marshall at a drastically reduced basis of $100 PSF ($7,750,000). This pricing represents a fraction of replacement cost and land value, offering investors or owner-users an unprecedented entry point into a modern, 2008-vintage asset in the Pearl District. This is a Lender Directed sale focused on certainty of execution. At this reset basis, 810 NW Marshall offers immediate value creation, insulating the buyer from market volatility while providing a trophy-quality asset at a distressed price point.
The 77,450 square foot building is situated in Portland’s artistic and lively Pearl District and has easy access to MAX light rail, streetcar and bus lines. Located in an Opportunity Zone, qualified investors can receive tax incentives to re-invest capital gains.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
75,475 SF
Building Class
B
Year Built
2009
Price
$7,750,000
Price Per SF
$102.68
Percent Leased
15%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
25,158 SF
Slab To Slab
9’
Building FAR
2.48
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
EX

Amenities

  • 24 Hour Access
  • Controlled Access
  • Conferencing Facility
  • Security System
  • Signage
  • Air Conditioning
  • Smoke Detector

Sustainability

LEED Certified
Gold
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Very walkable
80/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
R533584
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,296,550
  • Listing ID: 30945049

  • Date on Market: 2/13/2024

  • Last Updated:

  • Address: 810 NW Marshall St, Portland, OR 97209

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