Overview
Institutional Property Advisors, a division of Marcus & Millichap, is pleased to present 2715–2815 SW 153rd Dr. and 2555–2645 SW 153rd Dr. (the “Property” or “Portfolio”) — two Class A office and flex buildings totaling approximately ±82,819 square feet in the prestigious Beaverton Creek Business Park.
This offering represents a rare opportunity to acquire institutional-quality real estate within one of the Portland MSA’s most dynamic and supply-constrained suburban submarkets.
The assets can be acquired together or individually, offering exceptional flexibility for both owner-users seeking immediate occupancy and investors targeting a value-add lease-up strategy. With high-quality construction, single-story layouts, and adaptable infrastructure, both buildings accommodate flex, R&D, medical, and creative office uses.
Investment Highlights
EXCEPTIONAL OWNER-USER OR INVESTOR OPPORTUNITY
- Rare chance to acquire one or both Class A flex/ office buildings in one of the Portland MSA’s most prestigious and supply-constrained submarkets
- Ideal for owner-users seeking a high-quality corporate setting or investors pursuing a value-add lease-up strategy
- Short-term lease with Fresenius Medical Care (±14% of total SF) provides immediate income and future occupancy flexibility (lease expires July 2026)
HIGH-QUALITY FLEX / MEDICAL / OFFICE PORTFOLIO
- Two institutional-grade buildings totaling ±82,819 SF, built in 1999 and renovated in 2012
- Single-story construction on ±6.67 landscaped acres with generous surface parking
- Building 19: ±39,202 SF - Partial occupied with Fresenius in +/- 11,326 SF with two vacant suites totaling +/- 15,710 SF and +/- 12,166 SF
- Building 20: ±43,617 SF - Fully Vacant with an open floor plan adaptable for single or multi-tenant use
INCOME WITH UPSIDE – FRESENIUS MEDICAL CARE
- Fresenius Medical Care (NYSE: FMS) occupies ±11,326 SF (14% of total SF) of building 19
- Investment-grade credit: BBB- (Fitch), BBB- (S&P), Baa3 (Moody’s)
- Lease through July 2026 with one 5-year renewal option at FMV and 2.5% annual rent bumps
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