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720 SW Washington St
Portland, OR 97205
The Morgan Building · Office Property For Sale


EXECUTIVE SUMMARY
CBRE, Inc. is pleased to present the Morgan Building (the “Property”), an iconic eight-story office tower offering 150,040 sq. ft. of modern office and retail space in the heart of Portland’s Central Business District. This classic, early-20th-century landmark, originally constructed in 1913, has benefited from multiple significant renovations, positioning it as a premier historic asset with modern appeal. A comprehensive modernization took place in 2005 with a subsequent, multi-year renovation from 2008 to 2010 focused on energy efficiency and sustainability, delivering a new cooling tower, high-efficiency boilers, and advanced lighting controls, culminating in the Property earning its LEED Gold certification.
Prominently located at the corner of SW Broadway and Washington, the Morgan Building enjoys exceptional visibility and immediate access to Portland’s top amenities, hotels, dining, and cultural destinations. The property’s proximity to multiple TriMet MAX light-rail lines ensures seamless connectivity throughout the metro area. The Morgan Building offers investors a rare chance to acquire a flagship downtown asset at a compelling basis, and the opportunity to unlock significant value through lease-up as Portland’s CBD continues to grow.
Prominently located at the corner of SW Broadway and Washington, the Morgan Building enjoys exceptional visibility and immediate access to Portland’s top amenities, hotels, dining, and cultural destinations. The property’s proximity to multiple TriMet MAX light-rail lines ensures seamless connectivity throughout the metro area. The Morgan Building offers investors a rare chance to acquire a flagship downtown asset at a compelling basis, and the opportunity to unlock significant value through lease-up as Portland’s CBD continues to grow.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
150,040 SF
Building Class
B
Year Built/Renovated
1913/2005
Percent Leased
Vacant
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
18,755 SF
Building FAR
7.49
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
CX - Central Commercial
Parking
51 Spaces (0.34 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Restaurant
- Security System
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
PROPERTY TAXES
| Parcel Number | R246446 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $19,788,356 CAD |
PROPERTY TAXES
Parcel Number
R246446
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$19,788,356 CAD
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