Commercial Realty Advisors Northwest LLC

Retail Brokerage & Tenant Representation503.274.0211

221 SW Alder Street

  1. Properties
  2. Portland, OR
  3. 221 SW Alder Street
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221 SW Alder Street

Downtown Leased Investment
Status:For Sale
Location: Portland, OR
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Available:

  • $4,250,000
  • 7.20% Cap Rate

Building: 11,600 SF SF | Land: 0.22 Acres

  • 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.
  • Freestanding building with dedicated onsite parking and additional off site parking positioned at the gateway to Portland’s Business District, surrounded by highrise offices, residential, and hotels.
  • 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.
  • FedEx Office has occupied the premises for over 30 years.
  • 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.