Oleson Professional Building 8235 SW Oleson Rd 3,000 SF Office Building Portland, OR 97223 $695,000 ($231.67/SF)
INVESTMENT HIGHLIGHTS
- Excellent signs on busy SW Portland arterial
- Two of three office units feature kitchens and bathrooms with shower.
- Ample natural light and new window coverings
EXECUTIVE SUMMARY
Tenant has vacated Unit A and upstairs unit C effective May 5th. Occupant is scheduled to vacate the balance ,suite B, by June 1 . Occupant is a counseling group. Please do not disturb. Please call Mike Devlin at 503-901-5407 to arrange walk thru of premises interior. Walk thru for suite B available with 24 hours notice and subject to counseling group session scheduling.
Suite A: Approx. 750 sf comprised of two large private offices, large reception area, kitchen and bathroom with shower.
Suite B: Approx. 750 sf consisting of small reception area, three large private office, restoom and access to adjacent single vehicle garage.
Suite C: 2nd floor office approx. 1,500 sf with large reception area, three large private offices, kitchen, restroom with shower, additional approx. 350 sf of useable loft area. Asking price: $695,000. Excellent owner/user opportunity to occupy entire building or occupy part of premises and lease the balance.
Flexible zoning. Possible live/work opportunity. Accommodates many professional office uses. Garage on site offers opportunity for company with product/supplies or vehicle storage needs to operate in professional setting. Terrific natural light throughout. Skylights and high ceilings in upstairs suite C.
Current property taxes= $6,922/yr.
Excellent value per sq. ft: 3,000 sf @ $220/sq= $660,000 plus add garage/loft area of approx. 500 sf @$100/sf= $50,000 for a total of $710,000. Many recent updates to interior and HVAC units. All three suites separately metered for heat/AC/lights. Call office for recent leasing rate history.
Suite A: Approx. 750 sf comprised of two large private offices, large reception area, kitchen and bathroom with shower.
Suite B: Approx. 750 sf consisting of small reception area, three large private office, restoom and access to adjacent single vehicle garage.
Suite C: 2nd floor office approx. 1,500 sf with large reception area, three large private offices, kitchen, restroom with shower, additional approx. 350 sf of useable loft area. Asking price: $695,000. Excellent owner/user opportunity to occupy entire building or occupy part of premises and lease the balance.
Flexible zoning. Possible live/work opportunity. Accommodates many professional office uses. Garage on site offers opportunity for company with product/supplies or vehicle storage needs to operate in professional setting. Terrific natural light throughout. Skylights and high ceilings in upstairs suite C.
Current property taxes= $6,922/yr.
Excellent value per sq. ft: 3,000 sf @ $220/sq= $660,000 plus add garage/loft area of approx. 500 sf @$100/sf= $50,000 for a total of $710,000. Many recent updates to interior and HVAC units. All three suites separately metered for heat/AC/lights. Call office for recent leasing rate history.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1988
Price
$695,000
Price Per SF
$231.67
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,500 SF
Building FAR
0.46
Lot Size
0.15 AC
Zoning
R-9, County - Existing office occupancy is a pre-existing, non-conforming use, as a result of a minor partition in approx. 1984. Current zoning is residential.
Parking
3.5 Spaces per 1,000 SF Leased
AMENITIES
- Signage
1 of 1
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | R0225278 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $382,220 |
