Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Professional Plaza 102, a value-add or owner/user medical office opportunity in Portland, OR’s Gateway District. Currently 52.6% occupied, the property offers ±24,800 square feet of vacancy, allowing investors to increase NOI from $403,350 to over $1 million annually at stabilization—yielding a 15.27% cap rate. Priced at just $130/SF, well below replacement cost and recent comps ($156–$193/ SF), the asset offers exceptional basis in a core location. Anchored by essential healthcare and public service tenants including Multnomah County, Yakima Valley Farm Workers Clinic, and New Narrative, the property benefits f rom s trong t enant a lignment a nd n early 4 0% of GLA leased to tenants with over five y ears o f t enure. R ecent renovations include new roofs, siding, HVAC units, and parking lot upgrades. Located near Kaiser Permanente Gateway, Adventist Medical Center, and The Oregon Clinic, the site is well-positioned for long-term demand and tenant retention. The property offers excellent access via I-205, I-84, MAX light rail, and multiple transit routes. All current tenants are on NNN leases, providing strong expense recovery. Situated on a 3.1-acre lot with ample parking, the property is zoned Central Commercial (CX), allowing for a wide range of uses including medical, office, retail, and mixed-use. The Gateway submarket boasts a low 3.5% vacancy rate and 3.9% average annual rent growth over the past decade. Multiple signage locations and staggered * lease expirations across the currently occupied suites provide visibility, flexibility, and predictable income