Newmark (NMRK), as an exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Riverside Centre (the “property”) – a high-quality multi-tenant suburban office building located in Johns Landing, less than 10 minutes from downtown Portland. Originally built in 1947 and thoughtfully renovated in 2021, the ± 101,000 square foot building is currently 75% leased with 3.3 years of WALT.

Prominently located off Macadam Avenue, Riverside Centre provides tenants with excellent connectivity to the greater Portland metro with proximate access to Interstate 5, the Ross Island Bridge, and the Sellwood Bridge. Centrally located in Johns Landing, the surrounding area offers a variety of retail amenities and housing options, with over 4,100 residential units within one mile of the Property and access to executive level housing minutes from Riverside Centre. With an above market parking ratio (± 3.2 per 1,000 SF), sweeping views of Mount Hood and the Willamette River, and flexible floor plates, Riverside Centre is well-positioned to attract a wide array of tenants seeking high-quality well-located suburban office space.

Institutionally owned and operated for over two decades, ownership has invested approximately $7.5M in capital at the Property since 2017, including a lobby renovation and new conferencing facility in addition to numerous exterior improvements. New ownership can further enhance the property’s appeal by continuing to implement a thoughtful spec suite program to differentiate the Property within the competitive set and bolster leasing activity. Furthermore, Riverside Centre presents a unique value proposition for potential users to occupy up to 11,750 square feet of contiguous space, mitigating future operating costs while simultaneously buying down their basis via contractual cash flow.

Riverside Center offers investors and users the opportunity to acquire a high-quality suburban office asset with in-place cash flow at an attractive basis, strategically located in one of Portland’s most sought-after close-in suburban submarkets.