7500-7600 41St StVancouver, WA 98662

For Sale
$30,510,000

High-yield retail investment, 151,407 SF

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail property, located at 7500-7600 NE 41st Street in Vancouver, Washington, presents a compelling investment opportunity. The property encompasses 151,407 square feet across two stories, situated on a 7.63-acre lot and includes 2 parking spaces. Currently boasting a strong 8.00% cap rate and a net operating income (NOI) of $2,527,905, the asking price is $30,510,000 ($201 per square foot). The property features a contemporary brick and glass exterior, attractive landscaping, and a covered parking structure. Additional amenities include locker rooms with showers, high-tech conference rooms, and an upgraded interior. One building is fully leased to Bonneville Power Administration under a recently extended lease. The weighted average lease term (WALT) is approximately 4.45 years. This multi-tenant property offers a significant return on investment with its strong tenant base and desirable location in Clark County, WA, zip code 98662. The property benefits from a robust HVAC system and roof-top satellite feeds. This is a rare opportunity to acquire a well-maintained, professionally managed retail asset in a thriving market. The gross lease structure simplifies management and provides predictable income streams.

Highlights

  • Well-maintained, professionally managed retail property.
  • Weighted Average Lease Term (WALT) of approximately 4.45 years.
  • One building fully leased to Bonneville Power Administration under a recently extended lease.
  • 151,407 square foot, two-story building on a 7.63-acre lot in Vancouver, WA (98662), with 2 parking spaces.
  • 8.00% cap rate, $2,527,905 NOI, $30,510,000 asking price ($201 PSF).

Property Details for 7500-7600 41St St

Property type
Other retail properties, Retail properties
Square Feet
151,407 SF
Stories
2
Lot Size (sq. ft)
332,363 SF

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.6521659
Longitude
-122.5967195
7500-7600 41St St, Vancouver, Washington

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7500-7600 41St St
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