1631 Thurman 1631 NW Thurman St Bureau 5 894 m² 100 % Loué À vendre Portland, OR 97209
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 12 Year Weighted Average Lease Term
- Rare 2.6 / 1,000 SF Parking Ratio in the Urban Core
- Immediate access to the amenity base and high-end housing in the Pearl District and Slabtown
- Repositioned Brick and Beam Creative Office with $10+ Million Invested
- Durable cash flow with no leasing risk through 2033 at an attractive yield anchored by one of Portland’s most iconic industrial pioneers
- Achievable Double Digit Levered Cash-on-Cash Returns
RÉSUMÉ ANALYTIQUE
Newmark, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in 1631 Thurman (the “property”) – a creative brick and beam redeveloped office building rich in history with direct access to the amenity rich submarkets of the Pearl District and Slabtown in NW Portland. The property is anchored by Weir ESCO Group who occupies 78% of the rentable square footage and has a deep rooted history in Northwest Portland.
Originally built in 1908 by the Spokane, Portland & Seattle (SP&S) Railroad during the expansion boom that reshaped Northwest Portland, 1631 Thurman was conceived as a freight warehouse with Richardsonian Romanesque design elements. Quickly becoming an integral part of the neighborhood’s economic landscape, it served as the home of Clyde Equipment Company from 1919 to 1982, supplying logging, mining, and construction machinery to support Oregon’s thriving natural resource industries. Over the decades, it adapted to shifting economic needs while preserving its authentic character—evident in the heavy timber frames, exposed brick walls, and old-growth timber beams. Recognized for its architectural and historical significance with a listing on the National Register of Historic Places in 1996, 1631 Thurman now stands as a testament to Portland’s industrious past and offers a rare chance to own a piece of the city’s rich commercial heritage.
1631 Thurman offers durable cash flow with no leasing risk through 2033 at an attractive yield anchored by one of Portland’s most iconic industrial pioneers.
For more information and to execute the confidentiality agreement, visit the property website hosted by Revere CRE by utilizing the property link or reach out to one of our team members directly.
Originally built in 1908 by the Spokane, Portland & Seattle (SP&S) Railroad during the expansion boom that reshaped Northwest Portland, 1631 Thurman was conceived as a freight warehouse with Richardsonian Romanesque design elements. Quickly becoming an integral part of the neighborhood’s economic landscape, it served as the home of Clyde Equipment Company from 1919 to 1982, supplying logging, mining, and construction machinery to support Oregon’s thriving natural resource industries. Over the decades, it adapted to shifting economic needs while preserving its authentic character—evident in the heavy timber frames, exposed brick walls, and old-growth timber beams. Recognized for its architectural and historical significance with a listing on the National Register of Historic Places in 1996, 1631 Thurman now stands as a testament to Portland’s industrious past and offers a rare chance to own a piece of the city’s rich commercial heritage.
1631 Thurman offers durable cash flow with no leasing risk through 2033 at an attractive yield anchored by one of Portland’s most iconic industrial pioneers.
For more information and to execute the confidentiality agreement, visit the property website hosted by Revere CRE by utilizing the property link or reach out to one of our team members directly.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement triple net
Type de bien
Bureau
Sous-type de bien
Loft
Surface de l’immeuble
5 894 m²
Classe d’immeuble
A
Année de construction/rénovation
1908/2024
Pourcentage loué
100 %
Occupation
Multi
Hauteur de l’immeuble
4 Étages
Surface type par étage
1 672 m²
Coefficient d’occupation des sols de l’immeuble
0,72
Surface du lot
0,81 ha
Zonage
EXD, Portland
Stationnement
162 Espaces (27,48 places par 1 000 m² loué)
CARACTÉRISTIQUES
- Atrium
- Accès contrôlé
- Centre de fitness
- Système de sécurité
- Signalisation
- Puits de lumière
- Terrasse sur le toit
- Station de recharge de voitures
- Sièges extérieurs
- Climatisation
- Balcon
PRINCIPAUX OCCUPANTS
- OCCUPANT
- SECTEUR D’ACTIVITÉ
- m² OCCUPÉS
- LOYER/m²
- FIN DU BAIL
- Audacy
- Arts, divertissement et loisirs
- -
- -
- -
- Weir ESCO Group
- Manufacture
- -
- -
- -
| OCCUPANT | SECTEUR D’ACTIVITÉ | m² OCCUPÉS | LOYER/m² | FIN DU BAIL | ||
| Audacy | Arts, divertissement et loisirs | - | - | - | ||
| Weir ESCO Group | Manufacture | - | - | - |
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Walk Score®
Idéal pour les promeneurs (94)
Bike Score®
Un paradis pour les cyclistes (98)
TAXES FONCIÈRES
| Numéro de parcelle | R572032 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 0 € | Évaluation totale | 7 119 745 € |
CONTACTS
-
James Childress -
Kellen Kollmorgen -
Nicholas Kucha -
Jakob Nicholls -
Newmark
