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PROPERTY
LOCATION |
Cascade Station I & II
9500 & 9600 NE Cascades Parkway
Portland, Oregon
97220
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PROPERTY SUMMARY |
Type:
Office
Class:
Price:
Contact Broker
Listed
Measurement/Yardstick:
127,718
Sq Ft
Number of Buildings:
2
Number of Floors:
0
Occupancy:
0%
Year Built:
2008
Year Renovated:
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PROPERTY
DESCRIPTION |
The subject is Cascade Station 11 - 9,500 building (35,000 sf, 2008 build is a 2-story single office building on 3.24 acres,100% vacant and is part of a 2-building office complex comprising 128,073 sf, built 2008-2009 located in the Airport Submarket of Portland, OR. Uses allowed: Office/College/Daycare. The second building is Cascade Station I - 9,600 building (93,073 sf, 2009 build) is a 4-story office building on 3.97 acres 61% leased by 5 tenants. 536 parking spaces (4.2/1,000 sf). Each building is subject to a ground lease with the Port of Portland. Term 11/2007 to 6/2084 on both leases and all primary term rent was pre-paid with one 14-year extension option. A sale out of REO requires Landlord consent, NTBUW.
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For more information contact
McCoy Doerrie
Capacity Commercial Group, LLC
mccoy@capacitycommercial.com
Tel:
503-517-7120
https://www.capacitycommercial.com
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