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For Sale

MOUNTAIN PARK OFFICE CAMPUS

412 Jefferson Parkway | Lake Oswego, OR 97035

Property Details

Price$3,000,000
Building Size16,500 SF
Property Size1.00 Acres

Supporting Documents

Description

  • Property size: ± 16,500 SF - Gross, ± 15,292 SF - Net Rentable
  • Parcel area: Clackamas County: ± 0.79 AC (± 34,412 SF), Multnomah County: ± 0.21 AC (± 8,924 SF)
  • Parking spaces: ± 48
  • Zoning: NC Neighborhood Commercial
  • Year built: 1981
  • Occupancy: 92%
  • Price PSF: $181.82

Highlights

  • EXCELLENT LOCATION: The property is located in Mountain Park close to the executive house stock and boasts spectacular views to the south and west.
  • EASY FREEWAY ACCESS: The property is located at the intersection of SW Jefferson Parkway and Kingsgate Rd, providing direct access to Capitol Highway, Kruse Way, 217, and Interstate-5.
  • CLOSE TO AMENITES: Many restaurants and retailers on Kruse Way and Lake Grove are just minutes away.
  • CLACKAMAS COUNTY: The property straddles the county line between Clackamas and Multnomah Counties, the building and most of the land is within the more businessfriendly Clackamas County.
  • STABLE INCOME STREAM WITH FLEXIBILITY: Nearly half the building is leased to NW Montessori School through October of 2029 providing stabile income, while the other half of the building has staggered lease expirations starting next year and continuing over the coming three years. These expiring leases may provide opportunity for an owner/ user or rent growth for the investor.
  • PRICED BELOW REPLACEMENT COST: At the asking price the property is $181 PSF.
  • GRADE LEVEL ACCESS ON BOTH FLOORS: The property has parking and grade level access for both levels of the building.

Brokers