Foster 205 Commerce Center

JLL Industrial Capital Markets is pleased to present the opportunity to acquire the fee-simple interest in Foster 205 Commerce Center, individually “Building A” and “Building B,” or collectively the “Properties” or “Portfolio.” The Portfolio is comprised of 2 buildings totaling 271,986 square feet, on 16.16 acres of land. Situated along SE Foster Rd, Foster 205 Commerce Center boasts unparalleled access to the greater Portland metro and the following key transportation nodes: Portland International Airport (PDX); Interstates 5, 84, and 205; and the Port of Portland.

Foster 205 Commerce Center is 100% leased to 4 tenants, with a weighted average lease term of 5.4 years remaining. The high-profile tenancy has a combined average historical occupancy of 14.5 years at the Properties. Built in 1999, the Portfolio features 24’ to 26’ clear heights, recently upgraded LED lighting in Building A, 41 total dock high doors, and 27 grade level doors.

Foster 205 Commerce Center offers a rare opportunity to acquire two exceptional distribution assets in one of Portland’s lowest vacancy submarkets. Strategically located along I-205, the Properties maintain a Portland address and sit in the Clackamas/Milwaukie submarket which serves as a significant hub for major food production and distribution companies. The Portfolio is well positioned to capture tenant migration for tenants seeking a safer, business friendly location in closer proximity to the labor pool.

Foster 205 Commerce Center checks all the boxes and is an exceptional opportunity for investors to acquire a Portfolio in the Pacific Northwest with stable in-place cash flow from high-profile tenants, modern features and upgrades that exceed submarket standards, and at a significant discount to replacement cost.