15110 SW Boones Ferry Rd - Office FOR SALE


Lake Oswego, OR 97035- Lake Grove
$3,795,000 USD
503-208-9396
15110 SW Boones Ferry Rd, Lake Oswego, OR for Sale
$3,795,000 USD
Office - FOR SALE
1/18
null | Request Cap Rate

15110 SW Boones Ferry Rd
Lake Oswego, OR 97035
Lake Grove


HIGHLIGHTS

  • Centrally located at Boones Ferry Rd & Kruse Way
  • Rare opportunity for Owner-User or Investor
  • Directly across from The Springs at Lake Oswego (senior living)
  • Well-suited for medical, professional, and office users
  • Surrounded by one of the most affluent trade areas in Oregon
  • Mix of tenants with short-term leases provide flexibility to occupy or reposition

OVERVIEW

A prime owner-user or investor office opportunity in the heart of Lake Oswego’s Lake Grove business district. The property is centrally located at the corner of Boones Ferry Road and Kruse Way, one of the area’s most established commercial intersections, and is surrounded by one of the most affluent residential trade areas in Oregon. The building is currently 81.8% occupied with a mix of long-term and short-term tenants, providing immediate in-place income with the flexibility to reposition suites over time. An owner-user can take advantage of the short-term lease profile to allow a buyer to strategically occupy space while maintaining rental income from the existing tenants. A purchaser can target 51% owner occupancy to qualify for SBA financing, while using the remaining leased space to help offset mortgage and operating costs. This structure allows a business to control its real estate, stabilize long-term occupancy costs, and build equity. An investor can grow the NOI through lease-up, rent increases, and improving tenant mix while taking advantage of the cash flow. The existing occupancy provides a solid income base, while future leasing activity creates upside potential. The property is also well-suited for medical and healthcare users, located directly across from The Springs at Lake Oswego, a large senior living community that drives daily demand for medical, wellness, and professional services.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

OC

APN/PARCEL ID

00238601,00238610

ASK ABOUT THIS PROPERTY

Carl GrendingSVN | Imbrie RealtyMore Info
503-208-9396

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Carl GrendingSVN | Imbrie RealtyMore Info
503-208-9396

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