Share This Listing

Message

954 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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
2004
Price
$7,854,095 CAD
Price Per SF
$353.74 CAD
Cap Rate
6.42%
NOI
$504,233 CAD
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,042 SF
Building FAR
0.21
Lot Size
2.38 AC
Zoning
EC - Employment Commercial
Parking
90 Spaces (8.15 Spaces per 1,000 SF Leased)

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
  • Build-Out
  • Available
  • 1st Floor
  • 5,421 SF
  • Office/Medical
  • Shell Space
  • Now
Space Size Space Use Build-Out Available
1st Floor 5,421 SF Office/Medical Shell Space Now

1st Floor

Size
5,421 SF
Space Use
Office/Medical
Build-Out
Shell Space
Available
Now
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0101032130310300000
Land Assessment
$204,865 CAD
Improvements Assessment
$832,158 CAD
Total Assessment
$1,037,023 CAD
  • Listing ID: 38929709

  • Date on Market: 2025-12-30

  • Last Updated:

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

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}