Available from Grid Property Management, LLC:

View the property website here: www.FarragutFactory.com

Click here to apply: https://tinyurl.com/GridPMApplication

Industrial/Retail flex space available for lease in Inner NE Portland.

This suite is located in a two-story mixed-use office/retail and industrial building with a handful of other tenants.

The business park is located at 55 NE Farragut Street right off of N Lombard and MLK Jr. Blvd with close proximity to I-5.

Suite 9 and 10 is located on the ground floor of a warehouse-style insulated building.

The suite is 2,206 RSF.

In addition to the listed RSF, there is 287 SF of storage only mezzanine space.

The suite has direct access to shared bathrooms, high interior clearance, two (2) roll-up doors and two standard entry doors.

The suite has ample power, ample lighting, and gas heat.

Parking: Tenant shall have the right to park up to 4 vehicles.

One-year minimum lease. Extensions beyond one year are available.

The first-year base rent rate is $11.75 per year per square foot ($2,160.04 per month), plus $4.50 per year per square foot pro-rata allocation of triple net (NNN) costs ($827.25), resulting in all-in lease costs of $16.25 per year per square foot or ($2,987.29 per month) for year 1 with 5% annual increases on base rent.

The base rent for month three ($2,160.04) will be FREE, but the tenant must still pay the operating expenses due for that month. This only applies to month 3 of the lease, all other months will be charged as normal.

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

Serious inquiries only.

Courtesy to brokers.