Office

8700 Creekside

Listing Price: $4,250,000

Cap Rate
1.73%
Gross SF
30,117
Rentable SF
30,117
Price/Gross SF
$141.12
Lot Size
2.88 acres
Year Built
1984

Investment Overview

8700 Creekside is a tremendous owner-user or value added investment opportunity. EAI Information Systems, the current owner-user of 9,000 square feet of contiguous space on the upper level, is selling the building and interested in downsizing. In addition there are two vacant adjacent suites, Suite D and F, totaling another 4,000 square feet of contiguous space on the lower level. Value-investors can benefit by leasing up vacant suites, increasing below market in-place rates, and or re-configuring the lower level to activate and make better use of common areas. At the list price $4.5 million or $150 per square foot, either option becomes feasible.

The property is situated on a 2.88 acre parcel that is part of the Creekside Corporate Park, an award-winning 500,000 square foot office park that wraps around a twelve acre protected wildlife refuge. The majority of the Creekside Corporate Park was up graded and sold among institutional investors. The tenant base includes a mix of local, regional and national credits and lease rates have stabilized and been accelerating over the last two years, creating a healthy backdrop for new potential owners of the Property.

Investment Highlights

  • An Award-Winning 500,000 Square Foot Office Park Surrounded by Wildlife Refuge
  • Two-Level 30,000 Square Foot Flex-Office, Elevator Served, 12' and 16' Ceilings
  • Starbucks, Subway, Other Retailers, and TriMet Station are Walking Distance
  • Most of Park was Renovated, Stabilized with Higher Lease Rates and Sold
  • Located in the Heart of Beaverton, 7.5 Miles from Downtown Portland
  • Easy Access to Highway 217, Interstate 5 and Sunset Highway 26

Exclusively Listed By

Financing By

Listing Price: $4,250,000

Cap Rate
1.73%
Gross SF
30,117
Rentable SF
30,117
Price/Gross SF
$141.12
Lot Size
2.88 acres
Year Built
1984

Investment Highlights

  • An Award-Winning 500,000 Square Foot Office Park Surrounded by Wildlife Refuge
  • Two-Level 30,000 Square Foot Flex-Office, Elevator Served, 12' and 16' Ceilings
  • Starbucks, Subway, Other Retailers, and TriMet Station are Walking Distance
  • Most of Park was Renovated, Stabilized with Higher Lease Rates and Sold
  • Located in the Heart of Beaverton, 7.5 Miles from Downtown Portland
  • Easy Access to Highway 217, Interstate 5 and Sunset Highway 26

Investment Overview

8700 Creekside is a tremendous owner-user or value added investment opportunity. EAI Information Systems, the current owner-user of 9,000 square feet of contiguous space on the upper level, is selling the building and interested in downsizing. In addition there are two vacant adjacent suites, Suite D and F, totaling another 4,000 square feet of contiguous space on the lower level. Value-investors can benefit by leasing up vacant suites, increasing below market in-place rates, and or re-configuring the lower level to activate and make better use of common areas. At the list price $4.5 million or $150 per square foot, either option becomes feasible.

The property is situated on a 2.88 acre parcel that is part of the Creekside Corporate Park, an award-winning 500,000 square foot office park that wraps around a twelve acre protected wildlife refuge. The majority of the Creekside Corporate Park was up graded and sold among institutional investors. The tenant base includes a mix of local, regional and national credits and lease rates have stabilized and been accelerating over the last two years, creating a healthy backdrop for new potential owners of the Property.

Exclusively Listed By

Financing By

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