515-333-1803
650 NE Holladay St, Portland, OR for Sale
Office - FOR SALE
1/17
null | Request Cap Rate

650 NE Holladay St
Portland, OR 97232


HIGHLIGHTS

  • Institutionally maintained Class A office tower with high-quality amenity package
  • Entrenched ecosystem of owner-occupied real estate consisting of 2M SF across 6 buildings
  • Secure, covered parking facility with above market parking ratio (2.0 per 1,000 SF)
  • Direct connectivity to public transit and major freeway arterials
  • Located at the confluence of two of Portland's leading master-planned developments
  • Ability to immediately occupy over 85,000 SF of contiguous space with clear path to double footprint within the first two years of ownership

OVERVIEW

Newmark (NMRK), as an exclusive advisor, is pleased to present the opportunity to acquire Liberty Centre (the "property") - a 17-story Class A office tower located in Portland's vibrant Lloyd District submarket. Originally developed in 1997 by Liberty Northwest Insurance Corporation, the property served as the company's headquarters for over two decades. Liberty Centre offers a wide array of physical characteristics consistent with a partially owner-occupied building including an above market parking ratio within a covered facility, high-quality amenity package, and unrivaled access to public transit and freeways. Currently 22% occupied with approximately 4.5 years of WALT, the property provides users the opportunity to immediately occupy over 85,000 SF of contiguous space with the ability to double their footprint within the first two years of ownership. Liberty Centre offers owner-users the rare opportunity to acquire a Class A office tower that has been institutionally owned and operated for over 25 years at a significant discount to replacement cost within a submarket that has one of the highest concentrations of owner-occupied real estate in the Portland metro.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Liberty Centre

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

17

BUILDING CLASS

A

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

595

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

CXD

APN/PARCEL ID

R182212,R182213,R182214

ASK ABOUT THIS PROPERTY

Kellen KollmorgenNewmarkMore Info
515-333-1803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kellen KollmorgenNewmarkMore Info
515-333-1803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.