$8,725,000 USD
503-201-8537
14313 NE 20th Ave
Vancouver, WA 98686
Pleasant Valley Vancouver
HIGHLIGHTS
- Stabilized retail center - Currently 96% occupied.
- NOI upside with new leases signed between $26.00 and $28.00 psf NNN
- The property is located at the north I5/I205 Interchange with excellent freeway access.
- The average weighted lease term is approximately 3.5 years, with no expirations until Q4 2026.
- Building exterior façade renovated in 2019.
- The center is positioned in a retail node at the intersection of NE 139th and NE 20th Avenue that is anchored by a Safeway directly across the street.
OVERVIEW
Stabilized Retail Center | 6.64% CAP | 26,720 SF | 96% Occ.
Stabilized neighborhood strip center in a growing Salmon Creek submarket of Vancouver. Average lease term of 3.5 years remaining. NOI upside with recent leases executed between $26 and $28 psf. Average in-place rent $22.36 psf. Excellent access to both I-5 and I-205.
One 1,200 sf space remains. Fully occupied cap rate 6.85%
FOR SALE DETAILS
PRICE
$8,725,000 USD
PRICE/SF
$327 USD /SF
CAP RATE
6.64%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Salmon Creek Center Bldg A
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
82
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,729 SF
ZONING
CC
APN/PARCEL ID
117895-040
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503-201-8537
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503-201-8537
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