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51385 SW Old Portland Rd 22,203 SF 45% Leased Office Building Scappoose, OR 97056 $7,719,976 CAD ($347.70 CAD/SF) 6.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • INSTITUTIONAL-GRADE ANCHOR TENANT
  • EXCELLENTLY MAINTAINED & MANAGED
  • VALUE-ADD LEASE-UP OPPORTUNITY
  • STRATEGIC LOCATION IN GROWTH CORRIDOR

EXECUTIVE SUMMARY

Current in-place income offers investors a 6.05% cap rate at the asking price which is only $254 per SF for high-qulaity medical office space. The build-to cap rate is close to 8.00% assuming conservative rents and lease up costs.
Building I is fully leased to OHSU, a state-supported academic medical center with superior credit. The lease extends through 2031 with 3% annual rental escalations, ensuring stable and growing income.
Building II offers 6,363 SF of vacant space, including a medical-ready shell and a finished suite. These spaces provide immediate upside through professional leasing efforts, with potential for OHSU expansion or subdivision into smaller suites.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,203 SF
Building Class
C
Year Built/Renovated
2004/2007
Price
$7,719,976 CAD
Price Per SF
$347.70 CAD
Cap Rate
6.05%
NOI
$466,945 CAD
Percent Leased
45%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,203 SF
Building FAR
0.21
Lot Size
2.38 AC
Zoning
EC
Parking
90 Spaces

AMENITIES

  • Bus Line

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • -

ATI Physiothérapie se consacre à aider les personnes à progresser vers le meilleur de leur vie grâce à des services de physiothérapie experts et à des plans de soins personnalisés, soutenus par des recherches cliniques approfondies. Que vous vous remettiez d'une blessure, que vous gériez la douleur chronique ou que vous cherliez à améliorer votre bien-être physique général et votre qualité de vie, ATI offre l'expertise et les traitements de pointe pour vous guider dans votre cheminement vers une santé optimale. Chez ATI Physiothérapie, ils s'engagent à faire de chaque vie une vie active. Ils offrent un accès pratique à des soins de haute qualité pour prévenir et traiter la douleur musculo-squelettique (MSK). Leurs emplacements dans plusieurs États et leur pratique virtuelle fonctionnent sous l'une des plus grandes plateformes à marque unique conçue pour soutenir les lignes directrices cliniques et les processus opérationnels normalisés. Avec les résultats de cas uniques de patients, ATI s'efforce d'utiliser des normes de qualité conçues pour offrir des résultats éprouvés, prévisibles et percutants pour les patients.

  • Erhardt Physical Therapy And Sports Medicine, Pc
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Pinpoint Acupuncture Clinic
  • Health Care and Social Assistance
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance - - -
Erhardt Physical Therapy And Sports Medicine, Pc Health Care and Social Assistance - - -
Pinpoint Acupuncture Clinic Health Care and Social Assistance - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 1,040 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 1st Floor
  • 1,000-5,000 SF
  • Office/Medical
  • Shell Space
  • Now
Space Size Space Use Condition Available
1st Floor 1,040 SF Office/Medical Full Build-Out Now
1st Floor 1,000-5,000 SF Office/Medical Shell Space Now

1st Floor

Size
1,040 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Floor

Size
1,000-5,000 SF
Space Use
Office/Medical
Condition
Shell Space
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0101032130310300000
Land Assessment
$198,762 CAD
Improvements Assessment
$807,367 CAD
Total Assessment
$1,006,129 CAD
  • Listing ID: 38929709

  • Date on Market: 2025-12-30

  • Last Updated:

  • Address: 51385 SW Old Portland Rd, Scappoose, OR 97056

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