Activa beschrijving
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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Attributen
Netto gebouwoppervlakte
37.760 vierkante meter
Aantal eenheden
25 eenheden
Bruto landoppervlakte
13 ha
Bestemming
Light Industrial
Bouwjaar
1979
Jaar gerenoveerd
2006
Media
Investeringshoogtepunten
- 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
Contact makelaars
Padden Commerce Park (0 Eigendommen)
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Laatst bijgewerkt
Apr 25, 2024
