High Visibility Commerce Center - Value Add

Highlights

• UPSIDE POTENTIAL - BELOW MARKET RENTS
• $6,875,000 Sales Price
• 6.94% Cap Rate
• $637,018 Gross Income
• $477,330 NOI
• All NNN Leases
• 97% Occupied
• Stable Tenants
• Ample Parking
• Location Location Location

Description

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.

SR 500 Commerce Center is on the busy intersection and ramp of NE Gher Rd and SR 500 Vancouver, Wa. Clark County: CLARK COUNTY:
Situated in the heart of the Pacific Northwest, Clark County is exceptionally well positioned to access major West Coast, Midwest & International markets through multiple connections to I 5, I 84, deep water ports, rail, & the Portland International Airport (PDX). Clark County offers a nimble business environment in one of the most cost competitive communities on the West Coast; providing an ample supply of development ready land, competitive lease rates, abundant clear water and some of the lowest utility rates in the U.S

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