Dehen Building 404 NW 10th Ave 15,000 SF 85% Leased Office Building Portland, OR 97209 $4,603,657 CAD ($306.91 CAD/SF) 6.18% Cap Rate

CBRE is pleased to present the exclusive opportunity to own a well-maintained historic office property in Portland’s coveted Pearl District. The Dehen Building was originally built in 1910 for the Dehen Knitting Company, a prominent local garment manufacturing company. While their business has shifted and they have since moved out of the property, Dehen 1920 is still in business today in Portland. The building was converted and renovated in the 2000s into creative office and retail space indicative of the transformation of the Pearl District neighborhood in the 21st century.
Adding to its investment appeal, the property is located within a designated Opportunity Zone. This designation offers significant tax benefits for investors who choose to invest in the area. Investors may be eligible for tax incentives on capital gains reinvested in Opportunity Zone projects, potentially increasing the overall return on investment. This designation further enhances the property’s attractiveness to investors looking for both strong returns and favorable tax treatment.
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