110 SE 2ND AVE Portland OR 97214-1036

Introducing SALT & STRAW corporate headquarters at 110 SE 2nd Ave, Portland, OR 97214. This 29,500 sq ft single-tenant building, home to Salt & Straw's ice cream production since 2017, features specialized food manufacturing buildouts with high-efficiency cold storage and ample production space. Offering dock-high loading docks, the facility in a thriving industrial area boasts IG1 zoning with flexible adjacent EX zoning for various uses. Located in Portland's Central Eastside district near major developments like Burnside Bridgehead and The Yard, the property is in an Opportunity Zone, offering tax benefits and growth potential. With Salt & Straw as a stable, growing tenant, the property's low-end rent with built-in growth, and appreciation potential make it an exceptional investment. Priced at $8,625,000 with a 5.00% cap rate, this property represents a rare opportunity in one of Portland's most coveted neighborhoods.

PRIME SINGLE-TENANT FACILITY: 29,500 square-foot custom buildout building, designed specifically for Salt & Straw’s ice cream production and cold storage, with 7 dock-high loading docks for optimal logistics.

STRATEGIC LOCATION: Situated in Portland’s Central Eastside Industrial District, adjacent to major developments including The Yard, Autodesk Portland, and the Fair Haired Dumbbell, with easy access to Interstate 5.

ZONING FLEXIBILITY: Zoned IG1, with adjacent EX zoning, providing versatility for various industrial or commercial uses.

OPPORTUNITY ZONE: Located within a designated Opportunity Zone, offering attractive tax incentives for future investment and development.

STRONG TENANT PROFILE: Leased to Salt & Straw, a rapidly growing, nationally recognized brand with a dedicated commitment to its Portland manufacturing site.

BELOW-MARKET RENT WITH UPSIDE: The current lease features low-end market rent, with appraisals supporting its value and strong potential for additional rent growth at lease renewal.

LONG-TERM INVESTMENT POTENTIAL: The property offers not only a stable cash flow from a trusted tenant but also significant long-term upside as a land play in a rapidly developing, highdemand area.