Newmark (NMRK), as an exclusive advisor, is pleased to present a motivated lender real estate owned opportunity to acquire the fee simple interest in Montgomery Park (the “property”) – a historic, multi-tenant office campus located in Portland’s vibrant and popular Slabtown submarket. Originally constructed in 1921 and renovated in 1989, Montgomery Park consists of 768,443 (as-leased) rentable square feet across four buildings and is 46.3% occupied with 3.7 years of WALT, anchored by Daimler Trucks North America (S&P: A-) and Avangrid Renewables (S&P: BBB).

Prominently located in Portland’s newest and most dynamic submarket, Slabtown, Montgomery Park offers tenants a unique suburban campus-like setting with above-market parking and unrivaled access to urban amenities adjacent to high-end housing. In addition to the countless walkable amenities Slabtown has to offer, the property enjoys immediate access to multiple public bus routes with service throughout the Portland metro, direct access to Highway 30 and Interstate 405 for commuters, future potential street car routes immediately to the east of the property and access to Forest Park – a 5,200 acre park that is one of the largest urban forests in the United States.

With carbon footprint reduction and energy efficiency in mind, Montgomery Park is currently an Energy Star certified property with a solar array that was installed in 2017 providing direct offsets to energy usage. The expansive window lines provide abundant natural light with unobstructed views of the Portland skyline, West Hills, and Willamette River. Furthermore, the property has the ability to offer unrivaled parking ratios of at least 3.0 per 1,000 SF. Montgomery Park is uniquely positioned as the only office property in downtown Portland that can offer a contiguous 80,000 square foot floor plate on a single floor providing the ability to compete for large tenant requirements at a significant discount to office towers with lower operating costs for quality office space and an unmatched parking ratio.

Montgomery Park offers investors the rare opportunity to acquire a generational office property of scale at an incredible basis with in-place cash flow and significant upside provided by the future ability to redevelop the excess land adding multi-family and retail.