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For Sale

4800 GRIFFITH PARK

4800 SW Griffith Drive | Beaverton, OR 97005

Property Details

Price$5,250,000
Building Size32,195 SF
Property Size1.65 Acres

Supporting Documents

Description

  • Property size: ± 32,195 SF
  • Parcel area: ± 1.65 AC (± 71,874 SF)
  • Parking spaces: 125
  • Parking ratio: 2.57 spaces/1,000 SF
  • Occupancy: 73.25%
  • Price per square foot: $163

Highlights

  • Highly visible building with multiple long-term office tenants
  • Well situated next to Hwy 217, with on and off ramps for both north and south traffic
  • Attractive offices with continuous window lines in every office suite
  • Consistently updated: New roof in 2016, seal coating of parking lots in 2022, renovation of four rest rooms in 2021
  • In-place professional lease agreements with reimbursements and renewals
  • Flexible space for tenant expansion and contraction
  • Located in Washington County and business-friendly Beaverton
  • Near Fred Meyer full service shopping center 1 block to the north
  • Below market rental rates in a strong suburban market, with tenants leaving the core of downtown Portland
  • Low assessed value for property taxes at $3,540,990 resulting in a 2021 tax of $73,319.74
  • A TriMet bus stop is in front of this building, and within 2 blocks are TriMet lines 20, 53, 54, 58

Brokers