Olson Memorial Clinic Campus Office FOR SALE


Lake Oswego, OR - Lake Forest
$9,400,000 USD
503-223-3171
, Lake Oswego, OR for Sale
$9,400,000 USD
Office - FOR SALE
1/15
null | 6.09% Cap Rate

Olson Memorial Clinic Campus
Lake Oswego, OR
Lake Forest


HIGHLIGHTS

  • Attractive interest only seller financing available
  • Rare Lake Oswego, Oregon contiguous development acreage
  • Existing income in place to carry the land through entitlement
  • Family owned & operated medical office park since 1972 (1st time on the market for sale)
  • Gateway to Lake Grove commercial district & affluent Lake Oswego, Oregon
  • Strong demographics with easy access to I-5, retail and services

OVERVIEW

REVIED PRICE Located at the gateway of Lake Grove in Lake Oswego, Oregon, the Olson Memorial Clinic Campus holds a dominant presence off Boones Ferry Road between Walgua Drive and Bryant Road and north to Firwood Road. The Lake Grove neighborhood is a dynamic area located near major arterials, retail, and services. This area benefits from a strong demographic, and is one of the most sought-after submarkets in the Portland Metro. The campus was originally constructed between 1972 and 1988 and has been under the same family ownership ever since the beginning. Since its delivery, the park has been leased out to medical practitioners and is currently 76% occupied. The park currently consists of four buildings, with 12 leasable spaces totally approximately 20,651 SF. There is excess parking on-site abutting back to Firwood Road available to commercial tenants and their customers.

ASK ABOUT THIS PROPERTY

Timothy MitchellNorris & Stevens, Inc.More Info
503-223-3171

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Timothy MitchellNorris & Stevens, Inc.More Info
503-223-3171

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