THE VARA GROUP is excited to present the sale offering
for Vancouver Evergreen Plaza, a 33,672 SF Class A office
property located in Vancouver, WA. Built in 2008, the
property sits on a 2.07-acre lot, providing 167 parking stalls
and boasting a parking ratio of 4.96/1,000 SF.
Evergreen Plaza is 100% occupied by three tenants, ensuring
minimal management responsibilities for ownership. Two
tenants benefit from scheduled rent increases, while Regus’
profit-sharing structure offers additional upside potential.
Strategically positioned in Vancouver’s Cascade Park
submarket, the property is just minutes from downtown
Portland and benefits from the area’s consistent population
growth. Immediate access to I-205, SR-500, I-5, and SR-14
enhances connectivity, while nearby residential expansion
further supports long-term demand.
Offered at less than 50% of replacement cost, the property
presents an attractive basis well below market standards.
This significant discount provides investors the flexibility to
enhance the asset through strategic improvements, driving
higher rents and long-term value. Alternatively, the low cost
basis enables competitive leasing strategies to minimize
vacancies and maximize occupancy for years to come.