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8135 NE Martin Luther King Jr Blvd 25,150 SF Industrial Building Portland, OR 97211 $1,845,984 CAD ($73.40 CAD/SF) 7.39% Cap Rate
Investment Highlights
- Fully leased industrial investment with immediate cash flow from two tenants and a billboard income stream.
- Approximately 25,000 SF of excess yard and parking area provides exceptional utility and flexibility.
- Centrally located near I-5 with convenient access to Portland, Vancouver, and PDX Airport.
- The property offers significant upside through future mark-to-market rent increases.
- The building features five grade-level doors for efficient loading and operational access.
- Extensive renovations and expansion have enhanced the property's long-term functionality.
Executive Summary
8135 NE MLK Jr Blvd presents a rare opportunity to acquire a fully leased industrial investment property in Portland, Oregon. The 25,150 SF building sits on 1.19 acres and is 100% occupied by two industrial tenants and a billboard tenant, providing immediate in-place income with a reported NOI of $99,000. Originally constructed in 1939 and extensively renovated and expanded in the early 2000s, the property features approximately 21,045 SF of warehouse space, 4,105 SF of office space, five grade-level loading doors, and 13.5-foot clear heights. A significant value-add opportunity exists through future rent growth, with the primary tenant operating under below-market rental rates through January 2031. The site also benefits from approximately 25,000 SF of excess yard and parking area, a highly sought-after feature in the Portland industrial market. Located near the intersection of MLK Jr Blvd and Columbia Blvd, the property offers convenient access to I-5, downtown Portland, Vancouver, and PDX Airport.
Property Facts
| Price | $1,845,984 CAD | Lot Size | 1.06 AC |
| Price Per SF | $73.40 CAD | Rentable Building Area | 25,150 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.39% | Year Built | 1939 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 3.23/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | EG2H, Portland | ||
| Price | $1,845,984 CAD |
| Price Per SF | $73.40 CAD |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.06 AC |
| Rentable Building Area | 25,150 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Tenancy | Single |
| Parking Ratio | 3.23/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | EG2H, Portland |
Amenities
- Bus Line
- Fenced Lot
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R209397 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $603,044 CAD |
Property Taxes
Parcel Number
R209397
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$603,044 CAD
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8135 NE Martin Luther King Jr Blvd
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