10802-10806 SE Washington St - Office FOR SALE


Portland, OR 97216- Mill Park
$1,290,000 USD
503-675-8380
10802-10806 SE Washington St, Portland, OR for Sale
$1,290,000 USD
Office - FOR SALE
1/3
null | 6.25% Cap Rate

10802-10806 SE Washington St
Portland, OR 97216
Mill Park


HIGHLIGHTS

  • Owner just replaced the roof with a new 20-year manufacturer warrantied TPO roof that cost in excess of $42,000.
  • The property is leased to two service-oriented national tenants: US Renal Care and Edward Jones.
  • Over 430,000 residents live within a 5-mile radius, with average household incomes exceeding $115,000.
  • Strategically located less than three blocks from an I-205 on-ramp, with daily traffic counts exceeding 165,000 vehicles.
  • Directly next to Marketplace 205, a regional shopping center anchored by The Home Depot and Target.
  • Both tenants operate on landlord-friendly leases with contractual rent increases set to occur in November 2025 and January 2026.

OVERVIEW

The Offering presents the opportunity to acquire a fully leased, two-tenant retail asset in the heart of East Portland, Oregon. Anchored by nationally recognized, service-oriented tenants—US Renal Care and Edward Jones—the Property benefits from credit tenancy, stable in-place income, and long-term demand drivers. Strategically positioned just three blocks from an I-205 on-ramp and along SE Stark Street, the site enjoys exceptional visibility and accessibility with combined daily traffic counts exceeding 190,000 vehicles. The property is also adjacent to Marketplace 205, a high-performing regional retail center anchored by The Home Depot and Target, both of which generate over one million annual visits—further enhancing foot traffic and tenant synergy. The surrounding area boasts a dense and affluent population of more than 430,000 residents within a five-mile radius and average household incomes exceeding $115,000. With flexible CM2 zoning that permits a variety of commercial and residential uses, including multifamily redevelopment up to five stories, the property also offers long-term repositioning potential. This asset is ideally suited for investors seeking stable cash flow from national tenancy, outstanding real estate fundamentals, and embedded value through future redevelopment potential in a dynamic Portland submarket.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Renal Care and Edward Jones

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,196 SF

ZONING

CM2

APN/PARCEL ID

R331975

ASK ABOUT THIS PROPERTY

Anthony AlbrechtNorthmarqMore Info
503-675-8380

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Anthony AlbrechtNorthmarqMore Info
503-675-8380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.