311 E Reserve St - Warehouse FOR SALE


Vancouver, WA 98661- Hudson's Bay
$3,685,000 USD
503-279-1743
311 E Reserve St, Vancouver, WA for Sale
$3,685,000 USD
Warehouse - FOR SALE
1/11
null | 8.36% Cap Rate

311 E Reserve St
Vancouver, WA 98661
Hudson's Bay


HIGHLIGHTS

  • 93% Occupied - With strong occupancy history, and a diverse tenant base.
  • High Cash Flow Investment - Over $308,000 in net operating income annually generating an exceptional investment return.
  • Upside Potential - Through occupancy gains and rent increases on existing tenants.
  • Flexible, Move-In Ready Spaces - With power, lighting, high ceilings, compressed air, WiFi and Cable perfect for local businesses.
  • Security & Amenities - Onsite water, electrical, parking, restrooms, security gate and security cameras enhance usability and desirability for tenants
  • Convenient Access - With easy access to I-5, I-205, Mill Plain, SR 14, downtown Vancouver and nearby retail.

OVERVIEW

311 E. Reserve St. is a multi-tenant industrial property with 34 units that are 93% leased. The property operates under the name Man Caves @ Pearson Storage and offers a variety of spaces including 2 office suites, small workshop spaces and traditional storage. The highly amenitized spaces include roll-up doors, high ceilings, overhead lighting, compressed air, electricity, 220 & 110 V power, WiFi, and cable TV with sports package. The Property offers communal restrooms, shared utilities, gated entry and security system. Tenants historically have been a mix of small businesses, hobbyists, and active storage users. The Property benefits from its location near downtown Vancouver, Pearson Field, and the Grand Central Retail Center along with convenient access from Interstate 5, Interstate 205 and SR14 and Mill Plain Blvd. The central location serves both the Portland and Vancouver markets. Property Website: Pearsonmancaves.com

FOR SALE DETAILS

PRICE

$3,685,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

8.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The MANCAVES @ Pearson Storage

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

Lighting - Fluorescent, Gas, Water - City

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

10

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.64

LAND SF

27,878

ZONING

IL

APN/PARCEL ID

031047-000

ASK ABOUT THIS PROPERTY

Jim LewisCushman & Wakefield of Oregon, Inc.More Info
503-279-1743

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Jim LewisCushman & Wakefield of Oregon, Inc.More Info
503-279-1743

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