Map of Property

DeSoto Building

For Sale

720 NW Davis, Portland, OR 97209

This Portland property for sale is located at 720 NW Davis. The current listed sale price for DeSoto Building is $6,900,000.

Contacts

broker
Kevin M. Joshi

Kidder Mathews

Property Details

  • Property Type Office
  • Property Size 25,884 SF
  • Year Built 2007
  • Date Updated Aug 11, 2025

An immediate opportunity exists to acquire a 25,884 SF commercial

condominium comprised of the top two floors of Portland’s DeSoto

Building, home to LRS Architects since 2007. With just over two years

remaining on the LRS lease, a new owner will have the option to either

pursue a renewal of lease with LRS Architects, re-lease to a different

tenant, or alternatively utilize the space itself as an owner-user in fall

of 2027. Regardless of what direction a new owner decides to take in

the future, however, they will do so enjoying an immediate 11.55% cap

rate return for the next two years.

Opened in 2007 as one of Portland’s most successful adaptive re-use

projects and spectacular commercial condominiums, the DeSoto

Building has enjoyed little turnover in ownership in its nearly 20 years

of operation. The owner's association holds 51% building ownership,

which gives majority control of condominium association. With only five

other owners comprising the owner’s association (including a museum,

photography studio, and two galleries), the DeSoto Building provides

a terrific investment that’s easy to operate.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 100/100

    Walk Score ®

  • 94/100

    Transit Score ®

  • 99/100

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Location

  • City Portland, OR
  • Neighborhood The Pearl
  • Zip Code 97209
  • Market Portland

Points of Interest

  • Northwest 5th & Couch

    0.13 miles

  • Northwest 10th & Couch

    0.15 miles

  • Union Station/Northwest 6th & Hoyt

    0.20 miles

  • Northwest 11th & Glisan

    0.26 miles

  • Southwest 10th & Alder

    0.31 miles

  • Southwest 11th & Alder

    0.31 miles

  • Northwest 10th & Johnson

    0.33 miles

  • Galleria/Southwest 10th Avenue

    0.35 miles

  • Northwest 11th & Johnson

    0.37 miles

  • Library/Southwest 9th Avenue

    0.39 miles

  • Chevron

    0.19 miles

  • Blink

    0.40 miles

  • Tesla Supercharger

    0.42 miles

  • PGE Electric Avenue Downtown Portland

    0.60 miles

  • ChargePoint

    0.90 miles

  • Shell

    0.91 miles

  • Astro

    0.92 miles

  • Pacific Pride

    1.02 miles

  • Kwik-Gas

    1.07 miles

  • EVgo

    1.07 miles

  • U-Park

    0.10 miles

  • Broadway Garage

    0.14 miles

  • City Center Parking

    0.16 miles

  • PMC

    0.18 miles

  • Pearl Auto Park

    0.22 miles

  • Hampton

    0.11 miles

  • Harlow Hotel

    0.15 miles

  • the Hoxton

    0.17 miles

  • The Benson

    0.18 miles

  • Canopy by Hilton Portland Pearl District

    0.18 miles

  • Courtyard

    0.21 miles

  • The Society

    0.22 miles

  • Hotel Lucia

    0.22 miles

  • Ace Hotel

    0.23 miles

  • Oakwood

    0.23 miles

  • World Foods

    0.09 miles

  • Whole Foods Market

    0.27 miles

  • Muji Portland

    0.35 miles

  • Nordstrom

    0.37 miles

  • Safeway

    0.53 miles

  • Fred Meyer

    0.71 miles

  • Trader Joe's

    0.82 miles

  • Sheridan Fruit Company

    0.83 miles

  • Zupan's

    1.03 miles

  • New Seasons Market

    1.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Kevin M. Joshi

Kidder Mathews

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