3990 Collins Way - Office FOR SALE


Lake Oswego, OR 97035- Walluga
$3,674,936 USD
503-227-2500
3990 Collins Way, Lake Oswego, OR for Sale
$3,674,936 USD
Office - FOR SALE
1/17
null | 6.75% Cap Rate

3990 Collins Way
Lake Oswego, OR 97035
Walluga


HIGHLIGHTS

  • 100% leased investment with long term tenants. Located in the highly desirable Lake Oswego submarket
  • New 2nd floor windows and skylights
  • New roof in 2020 & New HVAC in 2021
  • Updated alarm panels and system in 2024
  • New parking lot drainage system and exterior paint in 2025
  • Weighted Average Lease Term (WALT) of approximately 4.1 years

OVERVIEW

Well-maintained 13,382 SF fully leased office building in Lake Oswego with close access to Kruse Way, I-5, and Hwy 217. Both tenants have a long history in the building. Kruse Park Chiropractic originally moved into the building in July 2006, and Shannon & Wilson started in October 2014. Shannon & Wilson renewed and expanded within the building in October 2024. This two-story elevator-served building is on 23,668 SF of land with two separate curb cuts. The property is zoned General Commercial and is located within the Lake Grove Village Center Overlay District. The owner has performed several capital improvements as listed below.

FOR SALE DETAILS

PRICE

$3,674,936 USD

PRICE/SF

$275 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kruse Park Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

GC

APN/PARCEL ID

00239940

ASK ABOUT THIS PROPERTY

Joe KapplerMacadam Forbes, Inc.More Info
503-227-2500

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Joe KapplerMacadam Forbes, Inc.More Info
503-227-2500

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