8129 SE Malden St — Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Portland, OR 97206
  • Year built: 1999

Photos

8129 SE Malden St — Sale in Portland, OR, photo 1 of 2
8129 SE Malden St — Sale in Portland, OR, photo 2 of 2

Investment Figures

Cap rate
9.84%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Hefner Team of Marcus & Millichap is pleased to present our qualifications and valuation of 8129 SE Malden Street, a 13,440-square-foot, single-story office building situated on 1.08 acres in Southeast Portland. Originally constructed in 2000 as a build-to-suit facility for the Oregon Department of Human Services, the property was occupied by the agency for more than 25 years, underscoring its functionality and long-term suitability for institutional users. This evaluation considers both a for-sale and for-lease strategy. With recent capital improvements—including a new roof, HVAC system, and security upgrades—the property offers a move-in-ready opportunity for an owner-user or the ability to attract a long-term tenant. Its ADA-compliant layout, secure fenced site, and generous parking make it well suited for government agencies, healthcare providers, adult day care operators, nonprofits, educational users, and other service-oriented organizations. Investment Highlights: • 25+ Years of Government Occupancy: Purpose-built and occupied by the Oregon Department of Human Services since construction, demonstrating long-term institutional functionality. • Turnkey Building Improvements: New roof (2025), HVAC system (2024), and security camera upgrades reduce immediate capital expenditures. • Flexible Occupancy Options: Vacant possession creates an opportunity for immediate owner-user occupancy or lease-up to a long-term tenant. • Functional Institutional Design: Single-story, ADA-compliant layout with a secure fenced site and a 4.84/1,000 SF parking ratio supports a wide variety of office and service users. • Stable Replacement Demand: Well positioned for government agencies, healthcare providers, nonprofits, behavioral health groups, educational organizations, and adult care operators seeking functional operations

Market Context

This office in Portland, OR is listed for sale. It is offered at an approximate 9.8% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1999. 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.

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