SR500 Orchards Commerce Center
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SR500 Orchards Commerce Center
2 Retail Properties Offered at $6,875,000 in Vancouver, WA
Investment Highlights
- All NNN Leases
- Stable Tenants
- Location Location Location
- 97% Occupied
- Ample Parking
Executive Summary
UPSIDE POTENTIAL - BELOW MARKET RENTS - ALL NNN LEASES - 97% OCCUPIED $637,018 Gross Income $477,330 NOI 6.94% Cap Rate
97% Leased Value Add Commerce Center.
SR 500 Commerce Center is perfectly situated in an excellent location right in the heart of bustling Vancouver, and SR 500 which is on a fast track for development. This well maintained, strong boned strip mall property is surrounded by dense retail and other businesses and affluent residential neighborhoods. SR 500 Commerce Center boasts a total of 21 units with a healthy blend of traditional retail and office Tenants. Easy access to I 205 and I 5, and SR500 offers Tenants an easy connection to Portland and all areas of Vancouver. Traffic Counts of from 23,000 to 62,000 ensures a High Visibility experience for all Tenants of this well known Center. Listing Brokers are in the ownership of the property.
97% Leased Value Add Commerce Center.
SR 500 Commerce Center is perfectly situated in an excellent location right in the heart of bustling Vancouver, and SR 500 which is on a fast track for development. This well maintained, strong boned strip mall property is surrounded by dense retail and other businesses and affluent residential neighborhoods. SR 500 Commerce Center boasts a total of 21 units with a healthy blend of traditional retail and office Tenants. Easy access to I 205 and I 5, and SR500 offers Tenants an easy connection to Portland and all areas of Vancouver. Traffic Counts of from 23,000 to 62,000 ensures a High Visibility experience for all Tenants of this well known Center. Listing Brokers are in the ownership of the property.
Property Facts
| Price | $6,875,000 | Number of Properties | 2 |
| Price / SF | $201.05 / SF | Individually For Sale | 0 |
| Cap Rate | 6.94% | Total Building Size | 34,196 SF |
| Sale Type | Investment NNN | Total Land Area | 2.29 AC |
| Status | Active |
| Price | $6,875,000 |
| Price / SF | $201.05 / SF |
| Cap Rate | 6.94% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 34,196 SF |
| Total Land Area | 2.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5501 NE 109th Ct, Vancouver, WA 98662 | Retail | 18,623 SF | 1985 | - |
| 5500 NE 109th Ct, Vancouver, WA 98662 | Retail | 15,573 SF | 1985 | - |
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AJ Nash -
Rich Karlson -
Tradition Real Estate Partners
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SR500 Orchards Commerce Center
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