Crossroads Medical Plaza
Crossroads Medical Plaza is a two-building, 22,323 SF Class A medical office property in Scappoose, Oregon, offered at $5,640,000 (6.42% cap, $361,815 NOI). Building 1 is fully leased to OHSU, a state-supported academic medical center, through May 2031 with 3% annual escalations on an NNN ground lease. Building 2 is a 49% occupied multi-tenant medical office with 5,421 SF of vacant shell space offering immediate lease-up upside to a stabilized 7.92% cap rate.
Built in 2004 and 2007 respectively, the two-story complex sits on 2.38 acres along SW Old Portland Road, Scappoose's primary commercial arterial near Highway 30, with 28,948 average daily vehicles passing the site. The property commands 90 parking spaces (64 dedicated to Building 1, 26 to Building 2) plus potential for 15 additional spaces. OHSU occupies 11,466 SF and has invested substantially in the asset, including a self-funded 2015 expansion. Building 2 houses ATI Physical Therapy (1,960 SF), Pinpoint Acupuncture (1,354 SF), Orthopedic Sports Medicine (952 SF), and Rivers Edge Counseling (942 SF, new lease beginning February 2026), with the remaining 5,421 SF shell available for lease or OHSU expansion.
The trade area is anchored by Fred Meyer, Walmart, and Safeway, serving Columbia County's 53,000+ residents. Scappoose itself has 8,000 residents and sits 30 minutes northwest of Portland. The region offers strong demographics: median household income of $101,093 within one mile and $103,524 within five miles. Limited competing medical office supply in the county positions Crossroads as a regional healthcare hub, housing OHSU Immediate Care and Mammography clinics alongside established providers. Oregon's healthcare system, anchored by broad Medicaid coverage and a push toward universal healthcare, creates stable reimbursement demand for community-based medical facilities in growth corridors.
- Institutional-grade anchor tenant (OHSU) with state-supported credit and lease through 2031
- 5,421 SF vacant shell space with immediate lease-up upside; stabilized cap rate reaches 7.92%
- Strategic Highway 30 location with 28,948 daily traffic; limited competing medical providers
- Diversified tenant mix including national providers (ATI Physical Therapy) and complementary services
- Excellently maintained and managed by current ownership; collaborative tenant relationships
- Regional healthcare hub serving 53,000+ Columbia County residents with strong demographics
More property details
Features & amenities
Location
Crossroads Medical Plaza is strategically positioned along Scappoose's primary commercial arterial near Highway 30, approximately 30 minutes northwest of Portland. The property serves as a healthcare hub for Columbia County with a population of over 53,000 residents. Surrounded by regional and national retailers including Fred Meyer, Walmart, and Safeway, with a growing residential base and limited competing medical office supply in the region.
- Highway 30 frontage;
- 28,948 average daily traffic;
- surrounded by Fred Meyer, Walmart, Safeway;
- limited competing medical providers;
- regional healthcare hub;
- growth corridor positioning
Additional details
Oregon's healthcare system is anchored by the Oregon Health Plan (OHP) covering 1.4 million residents. State pursuing universal healthcare vision. Strong institutional networks (OHSU, Providence, Legacy Health, Kaiser Permanente). Growing demand for community-based healthcare facilities in suburban and rural counties.
- Institutional-grade anchor tenant with superior credit
- Stable and growing income from 3% annual escalations
- Value-add lease-up opportunity with 5,421 SF vacant space
- Excellently maintained and managed property
- Strategic location in growth corridor with limited competing medical providers
- Regional healthcare hub serving 53,000+ residents
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Timber, agriculture, river commerce; diversified into manufacturing, logistics, services
Family-friendly environment, recreational amenities, proximity to Columbia River, steady residential growth
OHSU first occupied 4,500 SF in 2006, expanded to 7,526 SF, then in 2015 expanded to full building with self-funded addition bringing total to 11,466 SF