Objektbeschreibung
JLL is pleased to present the opportunity to purchase the fee simple interest in Padden Commerce Park (the “Property”), a ±406,447 square foot multi-tenant business park offering light industrial, office, and retail space located in Vancouver, WA, Portland's fastest growing suburb. The Property is comprised of 25 buildings on 23 tax parcels and is currently 91.4% leased to a diverse tenant base with 3.28 years WALT remaining. The Property presents a compelling opportunity to own a critical mass of multi-use product in a growing submarket. With rents 19.8% below market, the Property offers investors the ability to add immediate and material value as vacant spaces are leased and below-market tenants are rolled to market.
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Eigenschaften
Gebäudefläche netto
37.760 m²
Anzahl der Einheiten
25 Einheiten
Grundstücksfläche brutto
13 Hektar
Gebietsabgrenzung
Light Industrial
Baujahr
1979
Jahr der Renovierung
2006
Medien
Investment-Highlights
- Diversified tenant base
- Near term value-add opportunity
- Consistent tenant demand
- Flexible leasing options
- Mark-tom-market opportunity
- Optionality on exit
- Attractive basis relative to replacement cost
- Significant investment reduces future capex
- Growing population drives increases in residential, retail, and office demand
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Padden Commerce Park (0 Objekte)
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Zuletzt aktualisiert
25. Apr. 2024
