100 SW Market St & 1621 SW 1st Ave Office
  • Properties
    2 assetsProperties
  • WALT
    9.50 YearsWALT
  • Property Type
    OfficeProperty Type
  • City
    PortlandCity

Description

Park Square is a two-building office property in Portland with 295,962 rentable square feet, offered through Kidder Mathews. The campus is near Waterfront Park and surrounding retail, with connections to Interstate 5, Interstate 405, US 26 and public transportation.

The seven-story 100 Market building contains approximately 113,913 rentable square feet and is reported as 76% occupied. Its principal tenant, Oregon Department of Justice, leases 78,799 square feet through June 30, 2035. The six-story Woolworth Building contains approximately 182,049 rentable square feet and is vacant. Recent improvements include a renovated grand atrium suitable for corporate gatherings.

Buyers can assess the occupied building's income alongside the vacant building's fit-out and leasing requirements. The combination provides options for an owner-user, a leasing investment, or a phased occupancy plan, subject to the current leases and capital needs.

Offering Summary

  • Asking Price
    Unpriced
  • Property Type
    Office
  • Size
    295,962 SF
  • Available
    295,962 SF
  • Occupancy
    29%
  • Properties
    2 assets
  • Built
    1969
  • Parking
    0.711
  • Total Acres
    ~1.75 ac

Sale Details

  • Walt
    9.50 Years

Documents

Property Address

100 SW Market St & 1621 SW 1st Ave
Portland, OR 97201

Property Details

  • Property Type
    Office
  • Square Feet
    295,962 SF
  • Available Space (SF)
    182,049 SF
  • Occupancy
    29%
  • Building Class
    A
  • Year Built
    1969
  • Floor Plates (SF)
    ±15,000 SF; ±30,000 SF
  • Parking Ratio
    0.71
  • Tenancy
    Multi
  • Amenities
  • Operating Expenses ($/SF/yr)
    8.12 $/SF/yr
  • Lease Type
    NNN
  • Zoning
    CX
  • APN
    R272212
  • Ownership Interest
    Fee Simple
  • Acres
    1.75

Deal Team

Peter Beauchamp profile image

Peter Beauchamp

Kidder Mathews
CA RE Lic. 01151023
Nathan Thinnes profile image

Nathan Thinnes

Senior Vice President
Kidder Mathews
Darren Tappen profile image

Darren Tappen

Regional President
Kidder Mathews
AZ RE Lic. SA510719000