MachineWorks_Property for Sale
MachineWorks_Property for Sale
1414 NW Northrup St Portland, OR 97209

MachineWorks

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in MachineWorks (the “Property”), a 2009-vintage, Class A mixed-use asset encompassing 115,138 rentable square feet, situated in the heart of Portland’s core micromarket, the Pearl District. With a 7.6 year weighted average lease term, the Property provides investors consistent, durable cash flow backed by a roster of prominent tenants – LA Fitness, The Oregon Clinic, GSA – Indian Health Service (S&P “AA+”), Benson Industries, and Powin Energy. Boasting three levels of secured parking, LEED Gold and Fitwell Certifications, and connectivity to key highways and transit – MachineWorks features the “must haves” that are driving the flight to quality trend nationwide.

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Attributes

Building area net
115,138 sf
Land area gross
0.69 acres
Occupancy
100%
WAULT
7.6 years
Year built
2009
Parking spaces
242
Floors
9 floors

Media

Investment highlights

  • Accessible and Amenity-Rich Location
  • Portland's Premier Micromarket
  • 100% Leased With Outstanding Long-Term Tenancy
  • High Historical Occupancy and Minimal Downtime
MachineWorks 4_Property for Sale
MachineWorks 4_Property for Sale

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MachineWorks (0 Properties)

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Last updated
Jun 19, 2024