Investment Overview

The offering provides the opportunity to acquire the Oregon Macaroni Manufacturing Company Building, a historic 15,000 SF three story building in Portland's Central Eastside. Situated three blocks to the east of Northeast Portland's heavily trafficked Grand Avenue and two blocks to the north of East Burnside Street's cafes, restaurants, nightclubs and boutique retail stores, this trophy asset is an immaculate example of urban adaptive reuse. Originally constructed in 1911 as a brick warehouse, the structure was redeveloped into two creative office suites on the top floor and two live/work lofts on the ground floor with a grade level garage. The large windows and exposed lumber and brick throughout create a naturally light and bright environment ideal for photography and video production and the dry, daylit basement provides the natural light and high ceilings necessary for a 12’ cyclorama. With the addition of an egress the basement can potentially be leased separately and can be used in its current state by the owner; buyer to perform all necessary due diligence. Current tenants enjoy below market rents on short term or month-to-month leases in separately metered spaces without expense reimbursements, providing an ideal opportunity for a value-add investor. The adjacent 15,000 SF parking lot may be available for sale or lease, inquire with listing agent Jason VanAbrams for details.