Multi-Tenant Industrial Property For
311 E Reserve St, Vancouver, WA 98661
For Sale
Contact for pricing
Multi-tenant industrial property with 34 units, 93% leased.
Property Size15,047 SF
Price / SF$232.27
Days on Market247
Property Features for 311 E Reserve St
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Units
Listing Agency:
Cushman & Wakefield - Portland, Oregon
Listed By:
Jim Lewis · License OR #200412086
(503) 279-1743
Source:
Crexi
Added: Mar 9
Changed: Nov 4
Last Checked: Nov 8 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Portland, Oregon
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Investment Insights
Based on property information with market context.
The multi-tenant industrial property at 311 E. Reserve St. consists of 34 units and is 93% leased. Operating as Man Caves @ Pearson Storage, the property provides a mix of spaces, including two office suites, small workshop spaces, and traditional storage units. Spaces are equipped with roll-up doors, high ceilings, overhead lighting, compressed air, electricity, 220 & 110 V power, WiFi, and cable TV with sports package. Communal restrooms, shared utilities, gated entry, and a security system are also available. Historically, tenants have included small businesses, hobbyists, and active storage users. The property is located near downtown Vancouver, Pearson Field, and the Grand Central Retail Center, with convenient access to Interstate 5, Interstate 205, SR14, and Mill Plain Blvd. Its central location serves both the Portland and Vancouver markets. The property contains 15,047 square feet.
Key Highlights
- 93% Leased Multi‑Tenant Industrial Property with 34 Units
- Highly Amenitized Spaces: Roll‑up doors, high ceilings, overhead lighting, compressed air, electricity (220 & 110 V), WiFi, and cable TV with sports package
- Convenient Location: Near downtown Vancouver, Pearson Field, and Grand Central Retail Center with easy access to I‑5, I‑205, SR14, and Mill Plain Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,786
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,875,720
$3.9M
Cap Rate 7%
$2,768,371
$2.8M
Cap Rate 9%
$2,153,178
$2.2M
Market Conditions
NOI Build-Up for 15,047 SF
Gross rent
$278.1K $18.48/SF
− Vacancy
−$19.7K −$1.31/SF
EGI
$258.4K $17.17/SF
− OpEx
−$64.6K −$4.29/SF
NOI
$193.8K $12.88/SF
Area
Vancouver, WA
Vacancy
7.08%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,875,720
Cap Rate 7%
$2,768,371
Cap Rate 9%
$2,153,178
Alternative Uses
Best Use
Office B
$2.77M
$2.42M – $3.23M
NOI $193,786 @ 7.0% cap · market cap 5.54%
Second Best
Self Storage
$1.99M
$1.74M – $2.33M
NOI $139,540 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,710 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
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Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Multi-tenant industrial property with 34 units, 93% leased.
Where is this self storage facility located?
The property is located at 311 E Reserve St Vancouver, WA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 93% Leased Multi‑Tenant Industrial Property with 34 Units; Highly Amenitized Spaces: Roll‑up doors, high ceilings, overhead lighting, compressed air, electricity (220 & 110 V), WiFi, and cable TV with sports package; Convenient Location: Near downtown Vancouver, Pearson Field, and Grand Central Retail Center with easy access to I‑5, I‑205, SR14, and Mill Plain Blvd
