16120 Boones Ferry Road - Storefront FOR SALE


Lake Oswego, OR 97035- Lake Grove
$3,500,900 USD
503-781-7818
16120 Boones Ferry Road, Lake Oswego, OR for Sale
$3,500,900 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

16120 Boones Ferry Road
Lake Oswego, OR 97035
Lake Grove


HIGHLIGHTS

  • Fully leased two-tenant building generating steady NNN income.
  • 28 on-site parking spaces for tenant and customer convenience.
  • Easy access to I-5, Highway 217, and Portland metro area.
  • Located on Boones Ferry Road with strong traffic exposure

OVERVIEW

This fully leased commercial property in Lake Oswego offers a rare investment opportunity in one of the Portland metro area’s most desirable submarkets. The 4,800-square-foot brick building sits on a 0.42-acre lot with 28 dedicated parking spaces, providing convenience for tenants and visitors. Built in 1993, the property is well-maintained and currently occupied by two tenants under NNN leases, generating $10,012 in monthly base rent plus expenses. Located along Boones Ferry Road, the site benefits from strong visibility and easy access to major thoroughfares, including I-5 and Highway 217, connecting to Portland and surrounding communities. Lake Oswego is known for its affluent demographics, robust retail and office demand, and limited commercial land supply, making this asset a stable, income-producing investment. With annual property taxes of $22,878.08 and GC zoning allowing for a range of uses, this property offers long-term value and consistent cash flow.

FOR SALE DETAILS

PRICE

$3,500,900 USD

PRICE/SF

$729 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,121 SF

ZONING

GC

APN/PARCEL ID

00242561

ASK ABOUT THIS PROPERTY

Marian HsuBrokers Realty, Inc.More Info
503-781-7818

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Marian HsuBrokers Realty, Inc.More Info
503-781-7818

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