This unique property is a 29,500 square-foot single-tenant building, built in 1993 and occupied by Salt & Straw’s ice cream production and cold storage needs since 2017. The facility features specialized buildouts for food manufacturing, complete with high-efficiency cold storage and ample space for production. With dock-high loading docks for easy access and logistics, the building spans an entire city block and is zoned IG1, with adjacent EX zoning, providing flexibility for various uses. Located in a thriving industrial area, this well-maintained facility is designed to meet the rigorous needs of both production and distribution, offering immediate functionality for a range of industrial or commercial purposes.

This offering presents an excellent investment opportunity, underpinned by Salt & Straw’s strong tenant profile and its long-term commitment to the site and the city of Portland. As a rapidly growing brand with a dedicated following, Salt & Straw operates one of the most successful ice cream businesses in the U.S. With its commitment to production at this location, the property offers both stability and significant long-term potential. The current lease features low-end market rent, which has been confirmed by multiple appraisals and is supported by a strong and growing tenant base. Additionally, the opportunity for annual rent growth is built into the lease structure, while the land itself offers significant long-term potential in a rapidly appreciating market. Whether looking for a stable cash-flowing asset or a property with future development upside, this property represents an exceptional opportunity in one of Portland’s most sought-after neighborhoods.