11220 Stark

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11220 SE Stark St, Portland , OR 97216
11220 Stark
The Offering provides the opportunity to acquire a 5,000 SF two-story office building one mile from Portland’s iconic Marketplace 205. Short-term and MTM leases allow for an owner/user to occupy a portion, or the entire building well below replacement cost. The subject’s legacy rents allow for a value-add investor to significantly increase yield by bringing rents to market and leasing out the remaining available space. The property features a strong tenant mix of medical, professional, and service tenants with over half of the GLA having occupied the building for 5+ years. The 13-tenant building is comprised of small office suites, the majority of which are less than 300 SF. Smaller office suites have proven more effective than traditional office space in a post-pandemic environment. The property benefits from its’ strategic proximity to national retailers, residential housing, Adventist Health Hospital, and its’ walkability to nearby parks.
Anthony Albrecht
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