Arnada Pointe_Property for Sale
Arnada Pointe_Property for Sale
4820 NE Hazel Dell Ave, Vancouver, WA, 98663-3803, US

Arnada Pointe

Asset description

JLL Capital Markets is pleased to present Arnada Pointe (the “Property” or “Community”), a 200-unit, 1997 built, garden-style community proximate to the burgeoning Vancouver Waterfront redevelopment. Located just north of Downtown Vancouver in the Uptown neighborhood, residents have direct access to the region’s most sought-after restaurants, recreational amenities, and the ZoomInfo Global Headquarters expansion on the Vancouver Waterfront, set to open in 2025 and make space for over 3,700 employees. Conveniently located off Interstate-5, the Community provides residents with connectivity and immediacy to the area’s expanding employers, Downtown Portland, and Portland International Airport in less than 15 minutes. Vancouver’s strong market fundamentals and population growth has been fueled by a favorable business climate which includes zero corporate or personal income tax, contributing to 21 percent population growth since 2010.


Vancouver is projected to benefit from 4.1% average annual rent growth through 2029, supported by limited future supply as only 423 units are projected to deliver in 2025, a 74% decline from the average annual delivery of 1,616 units over the trailing five years. Dwindling new housing supply makes the Community poised for a tangible repositioning, with the ability to capture the demand for modern rental housing through renovating unit interiors and revamping the community amenities spaces.

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Attributes

Units
200
Year built
1997
Building area net
193,390 sf
Land area net
8.7 acres
Parking spaces
334
Occupancy
93%

Media

Investment highlights

  • Unparalleled connectivity to major thoroughfares
  • Premier suburban submarket with strong rent growth fundamentals
  • Proximity to Downtown Vancouver and the burgeoning Vancouver Waterfront redevelopment
  • Convenient access to Vancouver’s rapidly expanding employers
  • Blank slate value-add opportunity
  • Discount to reproduction cost with significant barriers to entry
Arnada Pointe 4_Property for Sale
Arnada Pointe 4_Property for Sale

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Last updated
Sep 5, 2024