SR500 Orchards Commerce Center 2 Retail Properties Offered at $9,515,894 CAD 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 - FULLY LEASED $637,018 Gross Income $477,330 NOI 6.94% Cap Rate
Fully 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.
Fully 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 | $9,515,894 CAD |
| Price / SF | $278.28 CAD / 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 | - |
