600 NW Naito Pky - Office CONDO FOR SALE


Portland, OR 97209- Old Town-Chinatown
$3,968,000 USD
503-208-9396
600 NW Naito Pky, Portland, OR for Sale
$3,968,000 USD
Office CONDO - FOR SALE
1/21
null | Request Cap Rate

600 NW Naito Pky
Portland, OR 97209
Old Town-Chinatown


HIGHLIGHTS

  • Waterfront Location with Pearl District Adjacency
  • Character-Rich, Move-In-Ready Headquarters
  • 31 Secured and Gated Parking Stalls — A Quantifiable Competitive Moat
  • Favorable Demographics — 84.6% White Collar Within 15 Minutes
  • Limited Competing Supply of Character Office Product
  • Long-Term Upside — Buy Below Replacement Cost at a Cyclical Entry Point

OVERVIEW

SVN | Imbrie Realty is pleased to present the exclusive sale offering of 600 NW Naito Pkwy, Suite G — a rare 11,448 SF commercial office condominium occupying the full second floor of McCormick Pier, Portland’s iconic waterfront brick pier complex. Positioned at the nexus of the Pearl District, Northwest Portland, and Portland’s Central City, this property offers an incoming owner-user the singular opportunity to acquire a character-defining, move-in-ready headquarters with 31 fully secured, gated parking stalls — a combination that is genuinely irreplaceable in today’s market. Condo Conversion in 1982 as part of the historic McCormick Pier redevelopment, fully renovated in 2015, the building’s exposed original brick, soaring industrial ceilings, and oversized warehouse windows create a professional environment that commands presence. The current owner-occupant — a law firm — has invested in a curated buildout including multiple conference rooms, glass-partitioned private offices, a custom live-edge bar counter, and a fully equipped break room. The space delivers immediately, with no capital required from the incoming buyer.

FOR SALE DETAILS

PRICE

$3,968,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

McCormick Pier

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

24,000 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

RX

APN/PARCEL ID

R538116,R538117,R538118,R538119,R538120,R538121

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.