8909 SW Barbur Blvd | Portland, OR 97219
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- LoopNet Team
8909 SW Barbur Blvd
Portland, OR 97219
Mitchell International Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100 Percent Triple-Net Master-Leased Value-Add Investment, Owner-User or Redevelopment Opportunity
- Strategically Located within 5-7 miles from Downtown, OHSU, Providence Milwaukie Hospital, Providence St. Vincent, Legacy Meridian Park Medical Center
- 290 Ft Frontage on Highway 99W/Barbur Boulevard- Excellent Visibility from I-5 and Barbur Boulevard, 117,500 and 21,100 Vehicles Per Day, Respectively
- 7.24 Percent Cap Rate, Five-Year, Low-Maintenance, Reliable, Pandemic- Tested Return, with 2.00 Percent Rent Escalations
- Lease Expiration Coincides with New MAX Light Rail Line Completion in 2026
- 120 Surface Parking (2.7/1,000 Ratio), Including 30 Covered Spaces and Additional Street-Parking Available
PROPERTY FACTS
Property Type
Office
Building Size
44,148 SF
Building Class
B
Year Built/Renovated
1985/2016
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,074 SF
Slab To Slab
11’
Building FAR
0.52
Lot Size
1.95 AC
Zoning
CE, Portland - Commercial Employment
Parking
120 Spaces (2.72 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | R211295 | Improvements Assessment | $11,500 |
| Land Assessment | $3,502,900 | Total Assessment | $3,514,400 |
PROPERTY TAXES
Parcel Number
R211295
Land Assessment
$3,502,900
Improvements Assessment
$11,500
Total Assessment
$3,514,400
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