16821 SE McGillivray Blvd - Office FOR SALE


Vancouver, WA 98683- Fisher's Landing East
$12,200,000 USD
360-699-4724
16821 SE McGillivray Blvd, Vancouver, WA for Sale
$12,200,000 USD
Office - FOR SALE
1/16
null | 4.68% Cap Rate

16821 SE McGillivray Blvd
Vancouver, WA 98683
Fisher's Landing East


HIGHLIGHTS

  • • 40,022 SF Class A Office Campus (Two Buildings)
  • • Nearly 5 Acres in Prime Cascade Park Location
  • • Strong Tenant Mix: Medical, Professional, Government & Education
  • • Stable Occupancy (~92%) with Staggered Lease Expirations Through 2036+
  • • Recent Roof Replacements (3 Years Old)
  • • Ongoing HVAC Maintenance & Capital Improvements

OVERVIEW

Fisher's Landing Town Center offers investors the opportunity to acquire a well-located, income-producing Class A suburban office campus in the highly desirable Cascade Park / Fisher’s Landing submarket of Vancouver, Washington. The offering includes two professionally maintained office buildings totaling 40,022 square feet situated on nearly five acres, providing an attractive campus-style setting with an excellent 5:1,000 parking ratio. The property features a diverse tenant mix including medical, professional, educational, government, and construction-related users, delivering strong occupancy and stable income. Lease terms are well staggered with expirations extending through 2036 and beyond, and include at minimum 3% annual rental increases, creating predictable revenue growth for investors. Ownership has maintained the property to a high standard, including recent roof replacements within the past three years and ongoing HVAC upgrades, while interiors remain in excellent condition with updated paint and carpeting. The property is approximately 92% occupied, with a remaining ~3,000 SF vacancy providing near-term upside through lease-up. Strategically located along SE McGillivray Blvd with immediate access to Interstate 205, the property benefits from excellent visibility and proximity to the Cascade Park commercial corridor, one of Vancouver’s strongest suburban office and medical markets. The site’s OCI zoning and substantial land area further enhance long-term flexibility and appeal to both investors and owner-users. Fisher's Landing Town Center represents a rare opportunity to acquire a stabilized multi-tenant office investment with built-in rent growth, long-term tenancy, and strong underlying real estate fundamentals in the growing Southwest Washington market.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

4.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stabilized Class A Office Investment | 40,022

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

4.33 AC

LAND SF

188,615 SF

ZONING

OCI

APN/PARCEL ID

176827-288

ASK ABOUT THIS PROPERTY

Brianna BrooksBrianna BrooksMore Info
360-699-4724

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Brianna BrooksBrianna BrooksMore Info
360-699-4724

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