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JLL, as exclusive advisor for the seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 240 SE 2nd in Portland, Oregon. The fully renovated, 8,374 square foot creative office building is in one of Portland’s most sought-after submarkets. The property offers potential owner-users and investors the rare opportunity to acquire move-in ready office space with strong in-place income, as it is 51.3% leased to a credit tenant with just under three years of remaining lease term.
In addition to the office portion of the property, 240 SE 2nd includes a 6,000 square foot covered, secure parking structure that houses 16 parking stalls and bike storage.
- Opportunity for both investors and potential owner-users
- Unmatched building design and finishes
- In-place income from credit tenant
- Recently renovated
- Above-market parking ratio with future development opportunity
- Desirable urban location within the close-in Eastside neighborhood
- Proximity to transit and amenities
- Rise of the creative class