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1101211014 NE Fourth Plain Blvd Vancouver, WA 98662

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For Sale
$6,750,000

Two buildings totaling 12,037 SF, fully leased, renovated in 2021.

Property size:
12,307 SF

Property Features for 1101211014 NE Fourth Plain Blvd

General Information

Size
12,307 SF

Building Details

Year built
1975

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Listing Contact
Tim Pfeiffer
Source: Tcnworldwide

Listing Agent: Tim Pfeiffer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Medical/Office Buildings with Long-Term Tenant

Located in Vancouver, Washington, the property at 11012 - 11014 NE Fourth Plain Boulevard consists of two buildings totaling 12,037 square feet. The space is currently 100% occupied by a long-term tenant using the space for medical and office purposes. The existing lease is a twenty-year lease, with the first ten years as the "Firm-Term" and the following ten years as the "Soft-Term". Prior to tenant occupancy in April 2021, both buildings underwent a $2,000,000 ground-up renovation. The property includes 57 surface parking stalls and has good access to I-205 and WA-500. It is also located near public transit. The location sees approximately 16,700 vehicles per day. The sale includes 7 tax lots.
Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Restaurant Realty agency Law Firm Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Kitchen & Bath Food Market Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Vancouver
County
Clark
State
Washington
Longitude
-122.4856465
Latitude
45.6721225

FAQs

What type of property is this?
Medical office - Two buildings totaling 12,037 SF, fully leased, renovated in 2021.
Where is this medical office located?
The property is located at 1101211014 NE Fourth Plain Blvd Vancouver, WA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: - Long-term tenant in place with a 20-year lease (10-year firm term); - $2,000,000 ground-up renovation completed in 2021; - 100% occupied
More about this property
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