206-715-9910
3133 NE Shute Rd, Hillsboro, OR for Sale
Hospitality - FOR SALE
1/6
null | Request Cap Rate

3133 NE Shute Rd
Hillsboro, OR 97124
Orenco Station


HIGHLIGHTS

  • IDEALLY POSITIONED WITHIN THE SUNSET CORRIDOR NEAR A CONCENTRATION OF TECHNOLOGY AND SEMICONDUCTOR EMPLOYMENT
  • HILLSBORO SERVES AS THE PRIMARY TECHNOLOGY AND MANUFACTURING HUB WITHIN THE PORTLAND METROPOLITAN AREA
  • LARGE SUITES MEASURING 300 SQUARE FEET AND LARGER, ALL WITH FULL KITCHENS, DINING, LIVING, AND SLEEPING AREAS
  • CONSISTENT REVPAR PERFORMANCE DRIVEN BY EXTENDED-STAY TECHNOLOGY AND PROJECT-BASED DEMAND
  • OFFERED UNENCUMBERED OF MANAGEMENT AND BRAND
  • AFFILIATION WITH A NATIONAL FRANCHISE AND COMPLETION OF CAPITAL IMPROVEMENTS WILL DRIVE REVPAR

OVERVIEW

CBRE Hotels, on an exclusive basis, is pleased to offer for sale the 124-room Larkspur Landing Hillsboro. Located in the heart of the Sunset Corridor, the Larkspur Landing is prominently positioned in Hillsboro, Oregon, with direct access to U.S. Route 26, within the incorporated City of Hillsboro. Hillsboro serves as the primary technology and semiconductor hub within the Portland metropolitan area, characterized by high-quality employment, sustained corporate investment, and limited barriers to entry for new lodging supply. The Hotel is strategically located near leading global employers, including Intel, Nike, Genentech, and a broad ecosystem of semiconductors, advanced manufacturing, and life science companies throughout Hillsboro and Beaverton. Downtown Portland, the Oregon Convention Center, and major cultural and entertainment venues are located within approximately 20 miles. Portland International Airport (“PDX”) is approximately 25 miles east of the Property. Opened in June 1997, the Larkspur Landing Hillsboro is a four-story, wood-frame property situated on a well-configured parcel. This extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with common areas designed to accommodate long-term corporate and project-based guests. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

124

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Larkspur Landing Hillsboro

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

143

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

I-P

APN/PARCEL ID

R2053346

ASK ABOUT THIS PROPERTY

206-715-9910

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206-715-9910

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