2525 SW First Ave., Portland, OR 97201
ADP Plaza is a mid-rise office project located on the southern periphery of downtown Portland. Built in 1981, the property consists of two interconnected four-story office buildings. There is a single level of underground parking with 285 parking spaces that offer direct access to the individual buildings via elevators. The property also includes a four-level adjacent parking structure, which accommodates 420 vehicles for a combined total of 705 parking stalls.
ADP Plaza tenants enjoy close proximity to multiple city parks and Portland’s central business district without the challenge of parking and CBD traffic. The location allows access to Portland’s exceptional bus and light rail transit system and excellent freeway access.
Investment at a Glance
Location: Portland, OR
Property Type: Class B Office
Acquisition Date: November 7, 2007
Purchase Price: $33,100,000
No. of Buildings: 1
No. of Stories: 2
Square Footage: 180,772 SF
Year Built: 1981
Leased Percentage (at the time of Acquisition): 91.1%