Vancouver Investment Opportunity Near
9300 - 9330 Van Mall Drive, Vancouver, WA 98662
Fully leased commercial property near I-205 and Vancouver Mall.
Type:Office
Property size:
65,000 SFPrice / SF:
$163/SF- Added:
- Jul 2, 2024
- Days on Market:
- 701
- Last Refresh:
- May 12 at 8:52 pm
Property Features for 9300 - 9330 Van Mall Drive
General Information
- Standard status
- Active
- Size
- 65,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agent Elaine Gesik License #OR 200112078
Listing office 1st Premier Properties, LLC
Listing date Jul 2, 2024
Source Crexi
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 1st Premier Properties, LLC
HighLights
- 100% Leased Investment: Provides immediate and consistent income stream.
- Strong Credit Tenants: Ensures reliable rental payments and reduces investment risk.
- Desirable Location: Situated off I‑205 and 500, offering excellent accessibility.
- Proximity to Key Amenities: Minutes from Portland International Airport and across from Vancouver Mall.
- Solid Mix of Uses: Diverse tenant base including Medical, Senior Housing Administration, Construction/Engineering, and Finance.
- Growing Market: Located in the rapidly expanding Vancouver/Clark County market.
Overview
This fully leased commercial property presents an investment opportunity in a desirable location just off I-205 and 500, and across the street from Vancouver Mall. The property is located minutes from Portland International Airport. The property is comprised of 65000 square feet and is currently 100% leased. The tenant mix includes medical, senior housing administration, construction/engineering, and finance uses. This property is located in the Vancouver/Clark County market.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.20M | $18.48 |
| − Vacancy | −$85.0k | −$1.31 |
| EGI | $1.12M | $17.17 |
| − OpEx | −$279.0k | −$4.29 |
| NOI | $837.1k | $12.88 |
65,000 SF · lease $18.48/SF/yr · vacancy 7.08% · expense 25.00%
Alternative Uses
Best Use
Office B
$11.96M
$10.46M – $13.95M
NOI $837,116 @ 7.0% cap · market cap 7.86%
Second Best
Healthcare Medical
$11.93M
$10.44M – $13.92M
NOI $834,942 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$15.90M
$13.92M – $18.55M
NOI $1,113,256 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.575
- Latitude
- 45.6907
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully leased commercial property near I-205 and Vancouver Mall.
Where is this office building located?
The property is located at 9300 - 9330 Van Mall Drive Vancouver, WA.
What is the asking price?
The asking price for this property is $10,650,000.
What are key features of this property?
This property features: 100% Leased Investment: Provides immediate and consistent income stream.; Strong Credit Tenants: Ensures reliable rental payments and reduces investment risk.; Desirable Location: Situated off I‑205 and 500, offering excellent accessibility.
