13636 N Columbia Blvd_Property for Sale
13636 N Columbia Blvd_Property for Sale
13636 N Columbia Blvd, Portland, OR, 97203, US

13636 N Columbia Blvd

Asset Description

JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 13636 N Columbia Blvd (the Property), a 135,455 square foot industrial asset situated on a 10.0-acre parcel in Portland, Oregon, just minutes away from Interstate 5 and the Portland International Airport. The Property is located in an infill, land-constrained area, and enjoys convenient access to the Port of Portland and BNSF Intermodal yards due to its strategic location in the Rivergate submarket. 13636 N Columbia Blvd is 36% leased to a manufacturing tenant with an imminent lease expiration. This investment opportunity presents multiple options for investors to either renew the current tenant at market rent and lease the rest of the building or invest capital into the Property to reconfigure the building’s layout to accommodate a single user.

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Attributes

Building area net
135,455 sf
Occupancy
36%
Year built
1990
Land area net
10.00 acres (435,600 sf)

Media

Investment Highlights

  • Near-term value-add opportunity
    • Multi-tenant configuration
    • Single tenant lease up
  • Attractive basis relative to replacement cost
  • Strategic location with multi-modal transportation capabilities
  • High tenant demand
  • Sustained rental growth
  • Highly sought-after submarket
13636 N Columbia Blvd 4_Property for Sale
13636 N Columbia Blvd 4_Property for Sale

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13636 N Columbia Blvd (0 Properties)

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Last updated
20 Oct 2023