5131 94Th AveVancouver, WA 98661
Vancouver, WA Shopping Center, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Value-add opportunity: 41,057 SF shopping center in Vancouver, WA, with a pro-forma 10.02% cap rate due to below-market rents; asking price $7,425,000.
- 94% leased, 20-unit shopping center with strong occupancy history and staggered lease expirations.
- Prime location adjacent to Vancouver Mall (5.9M+ annual visitors) and a major transit center (3.8M+ annual passengers).
- Located in an affluent, high-growth submarket with over 285,000 residents within a 5-mile radius and average household incomes exceeding $105,000.
- Professional management available.
- Strong rent growth potential (2.21% annually) in a high barrier-to-entry market; current average rent $17/SF (MG), below market rate of $20-$24/SF (MG).
Property Details for 5131 94Th Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 41,057 SF
- Year Built
- 2000
- Lot Size (sq. ft)
- 102,802 SF
- Units
- 20
Location Insight
- City
- Vancouver
- County
- Clark
- State
- Washington
- Latitude
- 45.65949471
- Longitude
- -122.5767977
Nearby Similar for Sale
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