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Pickle Factory 5 Properties in Portland, OR
Investment Highlights
- Unique creative makerspace, office and industrial spaces
- Excellent freeway access
- Lots of natural light
Executive Summary
The Pickle Factory presents an exceptional opportunity as either a leased investment or a redevelopment project, featuring a strong anchor tenant, immediate access to I-5, and a prime location in the heart of Portland’s industrial hub.
The property comprises five buildings totaling ± 131,472 SF* on ± 5.34 acres of Heavy Industrial-zoned land. The current ownership has undertaken extensive improvements, including new roofs, upgraded windows, electrical and power enhancements, and specific tenant upgrades. Additionally, an assignable Prospective Purchaser Agreement (PPA)** has been executed, shielding future owners from environmental remediation responsibilities.
Glass to Glass, part of Owens-Illinois (O-I) Glass, is the anchor tenant of the five building campus. They occupy ± 47,290 SF of the ± 53,873 SF building with remaining lease term in place. Building B1, spanning ± 60,275 SF, features leased maker and creative spaces and serves as a venue for large events, generating additional income. The campus also includes:
• ± 5,981 SF of two-level office space
• ± 2,113 SF flex building
• ± 9,230 SF warehouse with grade-level loading
With its diverse income streams and truly one-of-a-kind character, The Pickle Factory offers a rare and highly versatile asset in Portland’s industrial market.
*Building sizes to be confirmed by Buyer’s architect. **Buyer to perform own Due Diligence on PPA.
The property comprises five buildings totaling ± 131,472 SF* on ± 5.34 acres of Heavy Industrial-zoned land. The current ownership has undertaken extensive improvements, including new roofs, upgraded windows, electrical and power enhancements, and specific tenant upgrades. Additionally, an assignable Prospective Purchaser Agreement (PPA)** has been executed, shielding future owners from environmental remediation responsibilities.
Glass to Glass, part of Owens-Illinois (O-I) Glass, is the anchor tenant of the five building campus. They occupy ± 47,290 SF of the ± 53,873 SF building with remaining lease term in place. Building B1, spanning ± 60,275 SF, features leased maker and creative spaces and serves as a venue for large events, generating additional income. The campus also includes:
• ± 5,981 SF of two-level office space
• ± 2,113 SF flex building
• ± 9,230 SF warehouse with grade-level loading
With its diverse income streams and truly one-of-a-kind character, The Pickle Factory offers a rare and highly versatile asset in Portland’s industrial market.
*Building sizes to be confirmed by Buyer’s architect. **Buyer to perform own Due Diligence on PPA.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 131,472 SF |
| Number of Properties | 5 | Total Land Area | 5.56 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 131,472 SF |
| Total Land Area | 5.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Pickle Factory Building B1
866-900 N Columbia Blvd, Portland, OR 97217 |
Flex | 60,275 SF | 1920 | - |
|
The Pickle Factory Building B2
866-900 N Columbia Blvd, Portland, OR 97217 |
Industrial | 53,873 SF | 1978 | - |
|
The Pickle Factory Building D
866-900 N Columbia Blvd, Portland, OR 97217 |
Industrial | 9,230 SF | 1999 | - |
|
The Pickle Factory Building C
866-900 N Columbia Blvd, Portland, OR 97217 |
Industrial | 2,113 SF | 1999 | - |
|
The Pickle Factory Building A
866-900 N Columbia Blvd, Portland, OR 97217 |
Office | 5,981 SF | 1999 | - |
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