14300 SE First St - Office FOR SALE


Vancouver, WA 98684- Airport Green
$3,750,000 USD
503-249-1706
14300 SE First St, Vancouver, WA for Sale
$3,750,000 USD
Office - FOR SALE
1/35
null | 6.3% Cap Rate

14300 SE First St
Vancouver, WA 98684
Airport Green


HIGHLIGHTS

  • 6.3% Cap Rate - Great investment opportunity with strong financials
  • Excellent and updated property condition
  • Great location with easy access to downtown, I-5, & SR-14 plus near many amenities

OVERVIEW

Discover an exceptional investment opportunity with this excellent condition, fully leased property in a great central location! This large 1.88 acre property includes ample parking, with 102 spaces. All suites are occupied, with 95% of the space on longer-term leases, allowing immediate positive cash-flow for investors at a current 6.3% Cap Rate! There is also some expandability for additional lease units. This two-story 20,904 SF building with 6 units is in great condition inside and out. It includes a charming and spacious entryway, common areas that include a conference room, big kitchenette, an elevator, and several Bathrooms (private ones upstairs and shared on main level). The office suites include private offices, open work areas, & conference rooms. It is located in a central and convenient location in the in the desirable Cascade Park area, just north of E Mill Plain Blvd. Easy access to downtown, I-5, and SR-14. And it is close to many amenities including retail, restaurants, office buildings, and mass transit. The 1.88 acre stunning Class B property boasts a large parking lot with parking at 4.88/1000. With its attractive features and strong financials, this property presents an enticing prospect for investors seeking a well-maintained and fully leased property in a thriving commercial area.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belcher-Vancouver Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

OCI, Vancouver

APN/PARCEL ID

164736-015

ASK ABOUT THIS PROPERTY

Craig GilbertWindermere Community Commercial RealtyMore Info
503-249-1706

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Craig GilbertWindermere Community Commercial RealtyMore Info
503-249-1706

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.