Historic Durham House

Investment Overview

89% LEASED The Durham House was constructed in 1898 in the Queen Anne Victorian style. This prominent corner property with two elegant entrances is available for the first time in over 30 years. The property consists of three stories, a daylight lower level, and a stately Carriage House for approximately 8,917 square feet with a total of 24 rentable suites. The immediate neighborhood of Kings Hill is graced with many historically significant homes with office tenants, creating one of the more prominent urban mixed-use areas in Portland. The Durham House has many amenities on each level including shared reception/waiting areas, restrooms, Povey Brothers stain glass windows, break areas, plus several levels with exterior decks. Large iron lions flank the formal north and west entrances. This property is ideally positioned for professionals seeking a quality, high-end space.

Investment Highlights

• Highly visible building with multiple long-term tenants
• Consistent high occupancy pre-and-post-pandemic
• Well situated 7 blocks to I-405 entrances and 2 blocks to Highway 26 entrance
• Attractive offices with view windows and waiting spaces in common areas
• Included in purchase are all area rugs, almost all wall art, and the majority of common area furniture
• The Durham House has been well maintained: 2020 capital improvements - $58,678 (including kitchen appliances, new central A/C third floor), new boiler in 2015
• Flexible space for tenant expansion and contraction
• Walk to multiple restaurants and shopping in minutes, including Uptown Shopping Center, NW 23rd shopping, Zupan's, and Washington Park