For Sale > Quarry Road Building

Summary Description

The property is located just across the street from Waluga Park and the structure sits on a beautiful landscaped lot with a separate off street parking area. For those that may wish to bring a pet to work, it is ideal. Likewise, the walkability of the area is enticing as it is a quick trip to Starbucks, Lake Grove Post Office and many restaurants along Boones Ferry. The current ownership has taken the time and attention to have commercial upgrades made to the property that allow for easy access in and out of the building. A detailed file of the work required by the City is in order. The floor plan is very user friendly in that every office has a window with an efficient overall layout.

Perhaps, one of the most attractive aspects of the property is the fact that it is just under 2,000 rsf and will appeal to small business owners that may prefer to own rather than lease. Currently, the lease rates for Class A office space along Kruse Way range between $27-$33/rsf gross full service. The vacancy rates historically in this submarket are some of the lowest in the Portland Metro area and often dip into the single digits. As an owner in this location, the stability of the market is key as it may serve the purpose now of a space in which to operate a business, but has the potential to be an attractive rental property or be further developed in the future.

Property Status: For Sale

Price: $875,000.00

Area Available: 7,799 Square Feet

Features:

• Located across the street from Waluga Park, the structure sits on a beautiful landscaped lot with a separate off street parking area.
• A quick trip to Starbucks, Lake Grove Post Office and many restaurants along Boones Ferry.
• User friendly floor plan