6899-7001 NE Columbia Blvd
Industrial | 5.87% CAP | 36,985 SqFt
Marketing description
Kidder Mathews is pleased to present 6899-7001 NE Columbia Blvd, a 100% leased Industrial Outdoor Storage (IOS) investment opportunity situated on 4.56 acres in Portland, Oregon.
The property consists of a 36,985 SF single-tenant industrial facility fully occupied by Pacific Service Center on an absolute NNN lease, delivering approximately $583,944 in annual NOI with the tenant responsible for taxes, insurance, and maintenance. The site features a fenced and secured yard, dock and grade-level loading, and IG-2 General Industrial zoning, making it ideally suited for a range of industrial and outdoor storage uses. Strategically located along NE Columbia Boulevard with immediate access to Interstate-205 and minutes from Portland International Airport, the property offers investors a rare combination of stable in-place cash flow and significant land value in one of Portland's most sought-after infill industrial corridors.
Investment highlights
- Infill IOS location: Situated on 4.56 acres along NE Columbia Blvd in Portland's established industrial corridor, the property offers a fenced and secured yard ideal for outdoor storage — a high-demand, supply-constrained use in the current infill market.
- Stable NNN Cash Flow: 100% leased to Pacific Service Center on an absolute NNN basis, generating approximately $583,944 in annual NOI with the tenant responsible for taxes, insurance, and maintenance, providing investors with predictable, passive income.
- Mark-to-Market Upside: With approximately four years of term remaining, the in-place lease presents a compelling opportunity to capture significant rental rate upside upon renewal or re-tenanting in a market where quality IOS and industrial sites remain extremely limited.
- Access & Connectivity: Minutes from Portland International Airport and with immediate access to Interstate-205 and Interstate-5, the property provides exceptional regional connectivity for logistics, distribution, and service operations throughout the Portland metro area.
- Power: 480 volt/3 phase
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