Burnt Creek Logistics Center

JLL Industrial Capital Markets has been retained as exclusive advisor to present the opportunity to acquire the fee-simple interest in Burnt Creek Logistics Center, also known as Burnt Creek, or “The Property” – a brand new single-tenant Class A, institutional quality distribution center totaling 681,780 square feet, on 38.62 acres in Vancouver, WA. Strategically positioned just 3.5 miles from I-205, Burnt Creek Logistics Center offers exceptional access to key transportation networks including Portland International Airport, Interstates 5 and 84, and the Port of Portland. The Property’s location in Vancouver provides significant tax advantages while maintaining proximity to Portland’s robust industrial market and skilled labor force.

Burnt Creek Logistics Center is 100% leased to Grocery Outlet with a weighted average lease term of 6.8 years*, 4% annual rental escalations, and a 5-year renewal option at fair market value. Developed by Panattoni, the Property boasts best-in-class features including, 128 dock doors, 40’ clear height, 105 trailer stalls, ESFR sprinklers, and 3,000 Amps of power. Burnt Creek Logistics Center also holds the record for the largest ever speculative lease signed in Portland’s history, demonstrating that not only is there high demand for new construction, but proving that tenant requirements in the market continue to grow. Portland has averaged 1.5 leases of 500,000 SF or larger annually over the past decade, underscoring the market’s consistent demand for big-box industrial space.

Burnt Creek Logistics Center is situated in Clark County, the 5th largest and one of the best performing industrial submarkets in the Portland metro area. With impressive rent growth, positive absorption, and some of the highest asking rates in the region, the surrounding moratorium on industrial development further position Clark County for continued strong performance and rent growth.

This offering represents a rare opportunity to acquire a new construction, Class A asset of scale in one of the best performing submarkets in the Pacific Northwest, with high barriers to entry given Portland’s Urban Growth Boundary and industrial development constraints in the surrounding communities. Burnt Creek Logistics Center provides stable cash flow from a quality tenant, mark-to-market upside potential with in-place rents that are 20% below market, and strong fundamentals in one of the Pacific Northwest’s most dynamic industrial submarkets. The Property’s high-quality construction, strategic location, and market-leading features position Burnt Creek Logistics Center as a premier core investment opportunity.