11813 Highway 99 NE Vancouver, WA 98686

Klineline Center is a business center located in Vancouver, Washington. The property is 92% occupied, with three tenants recently signing long-term leases. Over 65% of the gross leasable area is leased by tenants who have been at the property for more than five years; the two largest tenants have over 30 years of occupancy. The tenants pay an average rent of $16.68 per square foot gross, with market rents potentially reaching $18 to $20 per square foot gross. Since 2020, the property has received over $100,000 in upgrades, including a new roof on the 11819 building, new HVAC units, parking lot seal coat, LED signage, and lighting. Klineline Center is located on NE Hwy 99, which sees over 17,500 vehicles per day, and is next to a grocery store. Zoned GC (General Commercial), the property allows for numerous uses, including retail, office, light manufacturing, and multifamily. The 98686 zip code has seen over 16% population growth since 2011, with a projected 7.6% increase in the next five years within a 5-mile radius of the property. The Vancouver/Portland retail submarket has experienced 3.3% annual rent growth over the past five years, with a 4.5% vacancy rate as of Q4 2024. The property size is 19800 square feet.