Sold
For Sale

Pettygrove Medical Center

2226-2232 NW Pettygrove, Portland, OR 97210

$8,000,000

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Joe Sandahl, CPM®

Senior Director: Capital Markets, Principal Broker

503 310 9973

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NW Portland Medical Office Building

This 25,731 SF medical building in Northwest Portland is 100% leased with 81.20% of the leases not expiring until 2023 or later. Boasting a strong tenant roster, ample parking, a desirable location and significant improvements to the property in the last 5 years, Pettygrove Medical offers a rare investment opportunity.
Situated at the corner of NW 22nd and NW Pettygrove, the subject property is in the center of a major hub of redevelopment. Pettygrove Medical is adjacent to the Slabtown and Conway redevelopment projects which have brought hundreds of residential units, a New Seasons Market and a thriving retail presence to the area. The property is one block away from Legacy Good Samaritan Hospital system, the largest employer in NW Portland and a major driver of medical office leasing in the area. The property is close to all major westside freeways and only a few blocks away from the vibrant Pearl District. The property has a walk score of 97 and there are an abundance of transportation options in the area including the  bus system and Portland Street car.

Asking Price

$8,000,000

Location

Portland - Northwest

Construction Status

Existing

Total Lot Size

25,731 N/A

Patio area and green space of recently sold medical office building in NW Portland's Pearl District
Interior medical office space at the recently sold Pettygrove Medical Center in NW Portland, Oregon.
Waiting room in medical office buildout in NW Portland's medical district
Examination room at Pettygrove Medical Center

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