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1414 NW Northrup StPortland, OR 97209
MachineWorks
Asset ClassMixed Use, Retail, Office
% Leased100%
Stabilized Class A Mixed-Use Asset in Portland’s Coveted Pearl District
overview of deal

Overview

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in MachineWorks (the “Property”), a 2009-vintage, Class A mixed-use asset encompassing 115,138 rentable square feet, situated in the heart of Portland’s core micromarket, the Pearl District. With a 7.6 year weighted average lease term, the Property provides investors consistent, durable cash flow backed by a roster of prominent tenants – LA Fitness, The Oregon Clinic, GSA – Indian Health Service (S&P “AA+”), Benson Industries, and Powin Energy. Boasting three levels of secured parking, LEED Gold and Fitwell Certifications, and connectivity to key highways and transit – MachineWorks features the “must haves” that are driving the flight to quality trend nationwide.

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Investment Highlights

Year Built
2009
Parking Spaces
241 Spaces
# Tenants
5
Land
0.69 Acres
Square Feet
115,138
Occupancy
100%
Weighted Average Lease Term
7.6 Years
# Stories
9
  • Accessible and Amenity-Rich Location
  • Portland's Premier Micromarket
  • 100% Leased With Outstanding Long-Term Tenancy
  • High Historical Occupancy and Minimal Downtime
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deal gallery image
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1414 NW Northrup StPortland, OR 97209

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