Price cut −10%
$19,785,000
7.1% cap · 69,660 sq ft RBA · Class B
3377 SE Division St
Portland, OR 97203
Listed 5 months ago$284/sq ft
01 / 06
Open Aug 1, 2026For SaleIndustrial
$18,550,000
5644 SE Division St
Hawthorne · Portland, OR 97210
$183/sq ft40 days on market1.5K views92 saves
Key facts
- Interior
- 101,350 sq ft
- Lot
- 7.98 acres
- Year built
- 1946
- Property type
- Industrial
- Price / sq ft
- $183/sq ft
- Annual taxes
- $194,780
- Days on market
- 40
Getting around
Walk Score83
Very Walkable
Transit Score70
Excellent Transit
Bike Score88
Very Bikeable
About this property
Stabilized industrial facility in one of Portland's tightest submarkets, delivered with in-place income. Three-Phase Power and 32' clear height make the space genuinely functional rather than merely leasable. Tours coordinated through the listing team; Portland submarket comps included in the package.
Investment summary
Investment summary
Cap rate
6.30%
Net operating income ÷ price
Net operating income
$1,168,650
Annual, after operating expenses
Cash-on-cash
+1.7%
$92,072 annual cash flow on $5,565,000 equity
Occupancy74%
74,999 sq ft leased of 101,350 sq ft
- Tenants
- 5
- Rentable area
- 101,350 sq ft
- Price / sq ft
- $183/sq ft
- WALE
- 3.9 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- IL
- Parking
- 110 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $1,076,578 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Loading Dock
- Fenced Yard Storage
Systems & Efficiency
- Sprinkler System
Highlights
- Three-Phase Power
- 32' Clear Height
- Recent Capital Improvements
- Opportunity Zone
- Below-Market Rents
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Price raise
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Listed | $17,360,000 |
| 2026-07-01 | Price raise | $18,550,000 |
Location
Hawthorne, Portland — Multnomah County
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Approximate location · Hawthorne
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Estimated monthly
$114,467/mo
- Principal & interest81%$92,825
- Property tax14%$16,232
- Home insurance5%$5,410
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $14,840,000 · 30 yr · 6.40%
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