1500 Plaza — Sale in Portland, OR

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Office
  • Location: Portland, OR 97232
  • Size: 68,164 SF
  • Year built: 1965

Photos

1500 Plaza — Sale in Portland, OR, photo 1 of 8
1500 Plaza — Sale in Portland, OR, photo 2 of 8
1500 Plaza — Sale in Portland, OR, photo 3 of 8
1500 Plaza — Sale in Portland, OR, photo 4 of 8
1500 Plaza — Sale in Portland, OR, photo 5 of 8
1500 Plaza — Sale in Portland, OR, photo 6 of 8
1500 Plaza — Sale in Portland, OR, photo 7 of 8
1500 Plaza — Sale in Portland, OR, photo 8 of 8

Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire 1500 Plaza (the “Property”), a five story, 68,164 square foot boutique office building at 1500 NE Irving Street in Portland’s Lloyd District. Undergoing several renovations since 2019, the Property offers a modernized, amenity rich building with strong in-place income and clear lease-up potential in one of Portland’s most connected and fastest-transforming submarkets. The Property combines the high-end amenities of a major downtown tower with the privacy, efficiency, and convenience of a boutique office environment, making it highly attractive to premium tenant demand in one of Portland’s fastest-transforming submarkets. The Property underwent a comprehensive renovation in 2019 that fully modernized the entrance lobby, elevators, common areas, and mechanical systems. Extensive subsequent capital work has further insulated future ownership from near-term capital expenditure risks, including a brand-new roof completed in 2026. Additionally, the seller is fully funding and actively executing a final $1,271,200 mechanical upgrade to modernize the building’s chillers and transition away from legacy R-22 refrigerant. This project is scheduled for completion in Q1 2027 and includes an approved energy efficiency rebate of up to $98,150 from the Energy Trust of Oregon that is 100% transferable to the buyer. A total rehabilitation of the basement level has established a first-class amenity hub that drives leasing velocity and tenant retention. On-site tenant features include a modern fitness center with upgraded locker rooms and showers, secure valet storage for over 200 bikes, and a shared tenant conference facility with an integrated kitchen. Common areas feature premium finishes and upgraded restrooms, while building security is managed via an advanced phone-based keycard system. Exterior site features include professional landscaping and a secure surface parking lot offering 101 spaces, providin

Market Context

This office in Portland, OR is listed for sale at $1,271,200 across 68,164 SF. The building dates to 1965. Compare it against other office listings for sale in Portland, OR — view the full market.

As of Q2 2026, the Portland office market showed average asking rents near $32.70/SF/yr. Source: multiple brokerage reports, Q2 2026.

Contact

Explore this market

Similar Office for Sale in Portland, OR