Available 3/7/2022

 

Charming Office/Studio Flex Space For Lease - Inner NE Portland - 1,700 sqft
 

The Farragut Factory Business Center located at 55 NE Farragut Street consists of one building comprising approximately 22,157 square feet of leasable space.  

 

Located in the Piedmont neighborhood of inner NE Portland, the two-story building hosts a variety of office/retail, production, and manufacturing tenants.   There are nine separate suites on-site ranging in size from 532 square feet to 6,539 square feet.   The property's central location offers convenient access to I-5 and the greater Portland metro.

Suite 01 is located on the street level of the building.  The space features exposed brick and timber, warm hardwood and cork flooring, soaring ceilings, and plenty of natural light.  The suite is a total of 1,700 square feet.

 

Suite 01 features an entry/reception area, an office or breakroom space, an open main room, and a mezzanine build-out.  The suite has access to shared bathrooms and a shared mailroom.  

Suite 01 has ample power, ample lighting, and gas heat.

Power: Details pending.

Two-year minimum lease. Extensions beyond two years available.

First-year base rent rate is $16.00 per year per square foot ($2,266.67 per month), plus $4.00 per year per square foot pro-rata allocation of triple net (NNN) costs ($566.67), resulting in all-in lease costs of $20.00 per year per square foot ($2,833.33 per month) for year 1 with 3% annual increases on base rent.

Tenants responsible for their own electricity, gas, and garbage.

Serious inquiries only. Courtesy to brokers.