20055 SW Pacific Hwy | Sherwood, OR 97140
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- LoopNet Team
20055 SW Pacific Hwy
Sherwood, OR 97140
Bldg 2 · Office Property For Sale
Investment Highlights
- These are two of the largest office buildings in a low velocity submarket, with an estimated office supply of 200,000 SF.
- Priced well below replacement cost at $160 per SF.
- Submarket vacancy sub 1% with no significant office space under construction or delivered within last 12 months.
- High quality construction and the first time on the market since completion in the early 2000’s. Building 20055 is steel frame with brick façade.
- Opportunity to increase yield through lease up of vacant space and applying unrealized load factor to new leases.
- The submarket has 3.8% rent increases over last twelve months, compared to 3.5% average annual gain over the last decade.
PROPERTY FACTS
Property Type
Office
Building Size
37,672 SF
Building Class
C
Year Built
2004
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,141 SF
Building FAR
0.63
Lot Size
1.37 AC
Parking
82 Spaces (4.45 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | R2124268 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,292,910 |
PROPERTY TAXES
Parcel Number
R2124268
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,292,910
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