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INVESTMENT HIGHLIGHTS
- Priced well below replacement cost at $181/SF vs. ~$350/SF to build new in Portland.
- Dense, affluent urban demographics: 200,000+ residents within 3 miles earning $135K+ on average.
- Functional warehouse layout with 13' clear height, 1 grade-level door, and 840 SF of office.
- Exceptional freeway access at the intersection of I-5 and I-405 (combined 236,000 VPD).
- Three blocks from 554-bed Legacy Emmanuel Medical Center.
- Flexible interior setup supports a wide range of uses, including cannabis cultivation.
EXECUTIVE SUMMARY
Offered at just $181 per square foot - nearly 50% below Portland's industrial replacement cost - this well-located warehouse presents a compelling sub-$1M owner-user opportunity. Strategically positioned near the interchange of I-5 and I-405 with visibility to over 230,000 vehicles per day, the property benefits from unmatched accessibility in a dense, affluent trade area. Over 1,800 multifamily units have been delivered or are in the pipeline since 2022.
The concrete-and-metal warehouse includes flexible interior buildout and zoning that supports a wide variety of uses, including cannabis, while the secure gated parking and high land-to-building ratio add to its functional appeal. Just three blocks from Legacy Emmanuel Medical Center and surrounded by retail amenities, the asset is poised to benefit from continued urban growth and rising demand for versatile industrial space.
The concrete-and-metal warehouse includes flexible interior buildout and zoning that supports a wide variety of uses, including cannabis, while the secure gated parking and high land-to-building ratio add to its functional appeal. Just three blocks from Legacy Emmanuel Medical Center and surrounded by retail amenities, the asset is poised to benefit from continued urban growth and rising demand for versatile industrial space.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $650,000 | Lot Size | 0.26 AC |
| Price Per SF | $180.56 | Rentable Building Area | 3,600 SF |
| Sale Type | Owner User | No. Stories | 1 |
| Sale Condition | High Vacancy Property | Year Built | 1948 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | ||
| Zoning | IG1 - General Industrial 1 | ||
| Price | $650,000 |
| Price Per SF | $180.56 |
| Sale Type | Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.26 AC |
| Rentable Building Area | 3,600 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | IG1 - General Industrial 1 |
AMENITIES
- Bus Line
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | R250539 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $267,930 |
PROPERTY TAXES
Parcel Number
R250539
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$267,930
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850 N Graham St
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