7600 NE 41st St - Office FOR SALE


Vancouver, WA 98662- Walnut Grove
$9,387,000 USD
503-227-2500
7600 NE 41st St, Vancouver, WA for Sale
$9,387,000 USD
Office - FOR SALE
1/5
null | 9.75% Cap Rate

7600 NE 41st St
Vancouver, WA 98662
Walnut Grove


HIGHLIGHTS

  • One Park Place Roof replaced in October 2016 and comes with a 20 year warranty.
  • Well maintained and professionally managed office buildings.
  • Weighted Average Lease Term (WALT) of approximately 3.54 years.
  • 2026 Budgeted NOI: $2,350,417
  • Two Park Place is fully leased to Bonneville Power Administration, who recently extended its lease term.
  • Two Park Place was originally built as a build-to-suit for Bonneville Power Administration

OVERVIEW

One and Two Park Place are two of Vancouver's premier suburban office buildings. The buildings feature a beautiful contemporary brick and glass exterior, lush landscaping, covered parking structure, roof-top satellite feeds, and extra capacity HVAC systems. Additional amenities include locker rooms with showers, high tech conference rooms, covered outdoor patio, and upgraded interior finishes. Buildings can be sold separately or together. One Park Place: $9,387,000 ($138.71/SF) -80% Occupancy Two Park Place: $14,720,000 ($174.78/SF) - 99.4 % occupancy Portfolio Price: $24,107,000 (Blended $158/SF)

FOR SALE DETAILS

PRICE

$9,387,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

9.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Park Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

288

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

N/Av

APN/PARCEL ID

160543-000

ASK ABOUT THIS PROPERTY

Todd CollinsMacadam Forbes, Inc.More Info
503-227-2500

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Todd CollinsMacadam Forbes, Inc.More Info
503-227-2500

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