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315 SW 5th Avenue

Off-Market

315 SW 5th Avenue, Portland, OR 97204

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  • Property Type Office - General Office
  • Property Size 99,958 Sqft
  • Lot Size 0.23 Acre
  • Parking Spaces Avail. 65
  • Parking Ratio 0.66/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1988

Location

  • City Portland, OR
  • Neighborhood Downtown Portland
  • Zip Code 97204
  • Market Portland

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 27 Sep, 2005
  • Purchase Price $12,400,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Portland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Portland Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $33.10
  • 2020 Office Vacancy Rate 12.80 %
  • 2020 Office Completions (Sqft) 653,381

Portland Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $561.92
  • 2020 Office Sales Volume $721.7M
  • 2020 Number of Transactions 10
View more Portland market trends

Tax

  • Market Value $25,654,400
  • Assessed Value $25,654,400

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 315 SW 5th Avenue?

315 SW 5th Avenue totals 99,958 square feet.

When was this property built?

315 SW 5th Avenue was built in 1988.

When was 315 SW 5th Avenue last sold?

315 SW 5th Avenue was last sold on 27 Sep, 2005.

What was the last purchase price for 315 SW 5th Avenue?

315 SW 5th Avenue was last sold for $12,400,000.

What is the market value for 315 SW 5th Avenue?

The market value for 315 SW 5th Avenue in 2020-2021 was $25,654,400.

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