221 SW Alder St

Credit Tenant  — FedEx Corporation is a global logistics leader and one of the largest publicly traded companies in the U.S., ranked #49 by revenue on the Fortune 500 list. The tenant holds investment-grade credit ratings of BBB (S&P) and Baa2 (Moody’s), offering reliable, long-term income backed by a blue-chip guarantor.

Prime Location — Freestanding building with dedicated onsite parking and additional off site parking positioned at the gateway to Portland’s Business District, surrounded by high-rise offices, residential, and hotels.

Visibility and Access — Located at the signalized intersection of SW 2nd Ave & SW Alder St at the Morrison bridgehead providing convenient access to Portland’s CBD and surrounding neighborhoods.

Established Occupancy — FedEx Office has occupied the premises for over 30 years.

Future Redevelopment Opportunity — The property is zoned CX (Central Commercial) with a low existing FAR, offering significant upside potential for future high-density development, including residential, office, or hotel use. The site is uniquely positioned to capitalize on views of the Willamette River and East Portland.  

SW Alder St: 10,816 CPD

SE Morrison Bridge: 50,000 CPD