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    7500-7600 NE 41St St Vancouver, WA 98662

    151,407 SF Built 1989
    Property ID
    US90-Q009710
    7500-7600 NE 41St St, Vancouver, WA 98662 For Sale 1 / 22
    $24,107,000 151,407 SF
    7500-7600 NE 41St St, Vancouver, WA 98662
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    AI-generated overview

    One and Two Park Place are two of Vancouver's premier suburban office buildings. The buildings feature a beautiful contemporary brick and glass exterior, lush landscaping, covered parking structure, roof-top satellite feeds, and extra capacity HVAC systems. Additional amenities include locker rooms with showers, high tech conference rooms, covered outdoor patio, and upgraded interior finishes. Located within the Vancouver Mall office submarket, the site is located adjacent to Heathman Lodge, The Staybridge Hotel, Vancouver Mall, and is only 10 minutes from Portland International Airport. Major retail tenants nearby include Chick-fil-A, AMC Theatre, Hobby Lobby and Target. Within this submarket, rents have increased by 8.8% over the past 3 years (higher than the 5.9% experienced in the broad Portland, OR market). Current vacancy rate within this submarket stands at 11.3%. The Vancouver Mall office submarket consists of 890,000 SF of space. Asking rates for competing office space in this submarket range from a low of $24/SF to $26.50/SF full service.

    Property profile
    Verified
    Property type Office buildings
    Year built 1989
    Total area 151,407 SF
    UPID US90-Q009710
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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