5550 Macadam

JLL, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 5550 Macadam (the “Property”), a 43,151 square foot office building in Portland, Oregon. 5550 Macadam is 89% occupied with 42% of the NRA leased to Erickson Air-Crane through July 2025, providing income stability and downside protection. 5550 Macadam has a history of long-term tenancy with current tenants averaging 9.8 years of occupancy. In-place rents average $35.19 per square foot per year FSG with market rents projected to be $37.00 FSG, presenting a mark-to-market opportunity and the ability to capitalize on the area's 6.3% compound annual market rent growth rate over the last five years. 

In addition to a recent and extensive renovation, the Property offers exceptional riverfront views, maintains superior geographic location, and generates reliable cash flow over the term of the hold.

• OUTSTANDING LOCATION WITH HIGH ACCESSIBILITY
• HIGH PERFORMING MARKET
• URBAN LOCATION WITH SUBURBAN CONVENIENCES
• STABLE CASH-FLOWING OPPORTUNITY
• DISCOUNT TO REPLACEMENT COSTS
• SIGNIFICANT CAPITAL INVESTMENT
• ABILITY TO INCREASE BUILDING SIZE