Description

JLL Industrial Capital Markets is pleased to present the opportunity to acquire the fee-simple interest in Holman Logistics Center, “Holman Logistics” or the “Property” —a 100% leased, multi-tenant, shallow bay distribution facility with unique cross dock capability and excess yard area (IOS) on over 10 acres of industrial-zoned land within Portland’s coveted NE Columbia Corridor.

Situated along NE Airport Way, the Property is strategically positioned at the intersection of Portland’s most desirable transit corridors, I-205, I-84 and I-5. The Property is further bolstered by its airport-adjacent location, presenting access to Portland International Airport in just 2 miles. Holman Logistics Center benefits from its presence in one of the most desirable industrial corridors in the Portland MSA with proximity to both Portland and Vancouver’s robust industrial markets and skilled, growing labor forces.

Holman Logistics Center’s location within the NE Columbia Corridor submarket is critical to the Property’s success, as evidenced by its 95% average historical occupancy over the past 20 years. The NE Columbia Corridor consistently boasts high performing market indicators; exemplified by the 6% 10-year annual average direct rent growth and 5% 10-year annual average total vacancy rate. Limited availability of developable land, coupled with Portland’s Urban Growth Boundary, has significantly slowed inventory growth in the submarket since 2021. As a result, the submarket has experienced upward pressure on rental rates, sustained high occupancy, and elevated tenant demand for premium-located sites.

Holman Logistics Center presents an exceptional opportunity to acquire a modern, institutional-quality, cross-dock, shallow bay distribution facility with excess yard area in an irreplaceable location. The Property offers premier accessibility and connectivity to major thoroughfares, high-profile tenancy, diversified income, and is surrounded by a deep, growing talent pool.

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