100% Leased Investment in Lake Oswego
Property Details
Price
$3,674,936
Building Size
13,382 SF
Property Details
Office Building
Year Built
1983
Description

Well-maintained 13,382 SF fully leased office building in Lake Oswego with close access to Kruse Way, I-5, and Hwy 217. Both tenants have a long history in the building. Kruse Park Chiropractic originally moved into the building in July 2006, and Shannon & Wilson started in October 2014. Shannon & Wilson renewed and expanded within the building in October 2024.

This two-story elevator-served building is on 23,668 SF of land with two separate curb cuts. The property is zoned General Commercial and is located within the Lake Grove Village Center Overlay District. The owner has performed several capital improvements as listed below.

Highlights
100% leased investment
Long term tenants
New 2nd floor windows and skylights
Located in the highly desirable Lake Oswego submarket
New roof in 2020
New HVAC in 2021
New parking lot drainage system in 2025
New exterior paint in 2025
Updated alarm panels and system in 2024
Weighted Average Lease Term (WALT) of approximately 4.1 years
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