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Olson Memorial Clinic Campus 3 Office Properties Offered at $13,121,648 CAD in Lake Oswego, OR
INVESTMENT HIGHLIGHTS
- Attractive interest only seller financing available
- Existing income in place to carry the land through entitlement
- Gateway to Lake Grove commercial district & affluent Lake Oswego, Oregon
- Rare Lake Oswego, Oregon contiguous development acreage
- Family owned & operated medical office park since 1972 (1st time on the market for sale)
- Strong demographics with easy access to I-5, retail and services
EXECUTIVE SUMMARY
REVIED PRICE
Located at the gateway of Lake Grove in Lake Oswego, Oregon, the Olson Memorial Clinic Campus holds a dominant presence off Boones Ferry Road between Walgua Drive and Bryant Road and north to Firwood Road. The Lake Grove neighborhood is a dynamic area located near major arterials, retail, and services. This area benefits from a strong demographic, and is one of the most sought-after submarkets in the Portland Metro.
The campus was originally constructed between 1972 and 1988 and has been under the same family ownership ever since the beginning. Since its delivery, the park has been leased out to medical practitioners and is currently 76% occupied. The park currently consists of four buildings, with 12 leasable spaces totally approximately 20,651 SF. There is excess parking on-site abutting back to Firwood Road available to commercial tenants and their customers.
Located at the gateway of Lake Grove in Lake Oswego, Oregon, the Olson Memorial Clinic Campus holds a dominant presence off Boones Ferry Road between Walgua Drive and Bryant Road and north to Firwood Road. The Lake Grove neighborhood is a dynamic area located near major arterials, retail, and services. This area benefits from a strong demographic, and is one of the most sought-after submarkets in the Portland Metro.
The campus was originally constructed between 1972 and 1988 and has been under the same family ownership ever since the beginning. Since its delivery, the park has been leased out to medical practitioners and is currently 76% occupied. The park currently consists of four buildings, with 12 leasable spaces totally approximately 20,651 SF. There is excess parking on-site abutting back to Firwood Road available to commercial tenants and their customers.
PROPERTY FACTS
| Price | $13,121,648 CAD | Number of Properties | 3 |
| Price / SF | $635.40 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.09% | Total Building Size | 20,651 SF |
| Sale Type | Investment | Total Land Area | 2.91 AC |
| Status | Active |
| Price | $13,121,648 CAD |
| Price / SF | $635.40 CAD / SF |
| Cap Rate | 6.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 20,651 SF |
| Total Land Area | 2.91 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
300/400
16463 Boones Ferry Rd, Lake Oswego, OR 97035 |
Office | 10,822 SF | 1969 | - |
| 16455 Boones Ferry Rd, Lake Oswego, OR 97035 | Office | 7,029 SF | 1988 | - |
|
100/200
16463 Boones Ferry Rd, Lake Oswego, OR 97035 |
Office | 2,800 SF | 1969 | - |
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Olson Memorial Clinic Campus
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