One & Two Park Place Office FOR SALE


Vancouver, WA - Walnut Grove
$24,107,000 USD
503-227-2500
, Vancouver, WA for Sale
$24,107,000 USD
Office - FOR SALE
1/3
null | 9.75% Cap Rate

One & Two Park Place
Vancouver, WA
Walnut Grove


HIGHLIGHTS

  • Well maintained and professionally managed office buildings
  • Weighted Average Lease Term (WALT) of approximately 3.54 years
  • Two story parking garage
  • 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
  • One Park Place Roof replaced in October 2016 and comes with a 20 year warranty.

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. 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 ($158/SF Blended)

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.