Padden Commerce Park
11700-12016 NE 95th Street | 11711-12121 NE 95th Street | 9609-9611 NE 117th Ave, Vancouver, WA, 98682, US
406,447 sf
JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire via sale-leaseback a mission-critical industrial facility located at 4909 SE International Way in Portland, OR (the “Property”). The 379,379 SF Property sits on 27.37 acres and serves as a key manufacturing facility for Oregon Tool, Inc. (“Tenant” or “OT”), as well its primary R&D center and global headquarters. OT is the world’s leading manufacturer of professional-grade, consumable parts and attachments for use in forestry, lawn & garden, agriculture, and concrete cutting applications. The Tenant has operated at the Property for over 60 years, since it was first developed for its industrial operations. At close, Oregon Tool will commit to a 15-year initial lease term with an absolute triple-net structure and annual escalations, providing investors with long-term cash flows backed by a market-leading tenant. The highly functional Property is also exceptionally well-located within a dense, land-constrained market and boasts proximity to major distribution routes, adjacent to OR Highway 224, connecting I-84 and I-5.