LEASABLE SQ FT
2929 SW Multnomah Blvd, Portland , OR 97219
The Village Offices
The offering provides an opportunity to acquire a well-maintained, three-story office building located in the heart of Multnomah Village, an affluent, inner-Portland neighborhood near I-5 and Hwy 99 ramps. With numerous small offices that attract tenants from the surrounding neighborhood, there is minimal risk in eroding cash flow from tenant improvements and leasing commissions. The Subject functions like a “commercial apartment” without the regulatory hangover that currently impacts multi-family investments. Additionally, The Village Offices benefit from its close proximity to numerous amenities, including Gabriel Park, Multnomah Village’s unique shops, galleries, restaurants, and coffee shops. The Property is fully occupied by 26 tenants (which occupy less than 600 SF and renew 1-2 years at a time), with a submarket vacancy rate for similar size office space of less than 1%, providing strong commitment from current tenants.
Senior Broker (Commercial)View Profile
Michael Kapnickview profile