10001 North Rivergate — Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Portland, OR 97203
  • Size: 75,400 SF

Description

JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 10001 N Rivergate Blvd, “the Site” or “the Property” – a strategic 15.01-acre parcel with an existing +/- 75,400 SF warehouse in Portland’s coveted Rivergate submarket. This rare offering combines immediate Industrial Outdoor Storage (IOS) potential with long-term industrial development upside of over 250,000 SF. Strategically positioned just 2.2 miles from the Port of Portland, 6.6 miles from I-5, and 11.6 miles from Portland International Airport, 10001 N Rivergate Blvd offers unparalleled access to key transportation networks, connecting the entire Pacific Northwest Region and the greater West Coast. The Property’s location within Foreign Trade Zone 45 and the Portland Enterprise Zone provides significant tax advantages while maintaining proximity to Portland’s robust industrial market and skilled labor force. The Rivergate submarket has demonstrated exceptional fundamentals, with impressive rent growth of 53.6% since 2019 and a 5.4% average direct vacancy rate over the past 10 years. The submarket’s limited new supply, coupled with its premier location as a vital transportation and logistics hub, positions 10001 N Rivergate Blvd for continued strong performance and rent growth in the coming years. The Site’s Heavy Industrial (IH) zoning and rare rectangular parcel shape offers flexibility for various uses including manufacturing, warehousing, and freight movement. The Property’s 12% current site coverage and lack of maximum height or FAR restrictions present significant development potential for investors looking to capitalize on the growing demand for industrial space in this land-constrained market. 10001 N Rivergate Blvd represents a premier investment opportunity in one of the Pacific Northwest’s most dynamic infill industrial submarkets, offering both immediate income potential through IOS use and long-term value creation thr

Market Context

This commercial property in Portland, OR is listed for sale across 75,400 SF. It has been on the market for 81 days. Compare it against other commercial property listings for sale in Portland, OR — view the full market.

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