Five Oak_Property for Sale
Five Oak_Property for Sale
209 SW 4th Ave, Portland, OR, 97204-1813, US

Five Oak

Asset Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Five Oak (hereafter, “the Property”), a 279,363* square foot office building situated on a full city block, located in Portland’s Central Business District (CBD). Currently 79% occupied with 6.0 years of remaining WALT, Five Oak offers investors durable in place income with credit tenants while providing new ownership value-add upside by leasing up the remaining vacant space. Current ownership has completed extensive renovations including a refreshed lobby, separate tenant entrances, roof replacement, updated suite build-outs, a voluntary seismic upgrade, as well as an improved interior atrium, exclusive for the building’s tenants. As leasing velocity accelerates in the Portland office market, Five Oak will be able to capture tenants looking for immediately available highly amenitized space - ultimately positioning the asset for a core exit.

*BOMA adjusted



Building area Net
24,814 m²
Year built


Investment Highlights

  • Durable in place income from sticky and credit tenancy with value-add upside
  • Ability to deliver exceptional amenities to current and future tenants
  • Direct access to Portland’s finest shopping and dining locations
  • Substantial discount to replacement costs
  • Strong ancillary income via contractual and hourly parking revenue
  • 59 stalls of subterranean parking
Five Oak 4_Property for Sale
Five Oak 4_Property for Sale

Contact brokers

Five Oak (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
19 May 2023