U.S. Military Entrance Processing Command
Portland, OR
Unstated
Unstated
10 Years Remaining
100%
23,663 SQ FT
Office
2002
2.26 Acres
Sold
SOLD AT 100% OF LIST PRICE
Generated multiple offers
PROCURED PRIVATE INVESTOR COMPLETING 1031 EXCHANGE
LEASEHOLD INTEREST
Successfully closed despite a challenging type of ownership interest
LONG-TERM LEASE
New 10-year term plus renewal options
Aaa CREDIT TENANCY
Lease is guaranteed by the United States of America
RENT INCREASES
Lease includes scheduled rent increases every 5 years
DESIRABLE PORTLAND LOCATION
Central location adjacent to Portland International Airport
The United States Military Entrance Processing Station (MEPS) in Portland, Oregon is a single-tenant, 23,663 square foot facility that was built-to-suit for the tenant in 2002. This MEPS facility benefits from a central, convenient location in immediate proximity to Portland International Airport and two major freeways. As one of 65 MEPS locations throughout the United States and Puerto Rico, the Portland MEPS serves the mission of processing individuals for enlistment or induction into the armed services, evaluating aptitude for military service, physical qualification, and background evaluation screening.
