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16821 SE McGillivray Blvd
Vancouver, WA 98683
Stabilized Class A Office Investment | 40,022 · Office Property For Sale


Investment Highlights
- • 40,022 SF Class A Office Campus (Two Buildings)
- • Strong Tenant Mix: Medical, Professional, Government & Education
- • Recent Roof Replacements (3 Years Old)
- • Nearly 5 Acres in Prime Cascade Park Location
- • Stable Occupancy (~92%) with Staggered Lease Expirations Through 2036+
- • Ongoing HVAC Maintenance & Capital Improvements
Executive Summary
Fisher's Landing Town Center offers investors the opportunity to acquire a well-located, income-producing Class A suburban office campus in the highly desirable Cascade Park / Fisher’s Landing submarket of Vancouver, Washington. The offering includes two professionally maintained office buildings totaling 40,022 square feet situated on nearly five acres, providing an attractive campus-style setting with an excellent 5:1,000 parking ratio.
The property features a diverse tenant mix including medical, professional, educational, government, and construction-related users, delivering strong occupancy and stable income. Lease terms are well staggered with expirations extending through 2036 and beyond, and include at minimum 3% annual rental increases, creating predictable revenue growth for investors.
Ownership has maintained the property to a high standard, including recent roof replacements within the past three years and ongoing HVAC upgrades, while interiors remain in excellent condition with updated paint and carpeting. The property is approximately 92% occupied, with a remaining ~3,000 SF vacancy providing near-term upside through lease-up.
Strategically located along SE McGillivray Blvd with immediate access to Interstate 205, the property benefits from excellent visibility and proximity to the Cascade Park commercial corridor, one of Vancouver’s strongest suburban office and medical markets. The site’s OCI zoning and substantial land area further enhance long-term flexibility and appeal to both investors and owner-users.
Fisher's Landing Town Center represents a rare opportunity to acquire a stabilized multi-tenant office investment with built-in rent growth, long-term tenancy, and strong underlying real estate fundamentals in the growing Southwest Washington market.
The property features a diverse tenant mix including medical, professional, educational, government, and construction-related users, delivering strong occupancy and stable income. Lease terms are well staggered with expirations extending through 2036 and beyond, and include at minimum 3% annual rental increases, creating predictable revenue growth for investors.
Ownership has maintained the property to a high standard, including recent roof replacements within the past three years and ongoing HVAC upgrades, while interiors remain in excellent condition with updated paint and carpeting. The property is approximately 92% occupied, with a remaining ~3,000 SF vacancy providing near-term upside through lease-up.
Strategically located along SE McGillivray Blvd with immediate access to Interstate 205, the property benefits from excellent visibility and proximity to the Cascade Park commercial corridor, one of Vancouver’s strongest suburban office and medical markets. The site’s OCI zoning and substantial land area further enhance long-term flexibility and appeal to both investors and owner-users.
Fisher's Landing Town Center represents a rare opportunity to acquire a stabilized multi-tenant office investment with built-in rent growth, long-term tenancy, and strong underlying real estate fundamentals in the growing Southwest Washington market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
44,118 SF
Building Class
A
Year Built
2000
Price
$12,200,000
Price Per SF
$276.53
Cap Rate
4.68%
NOI
$571,123
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,059 SF
Slab To Slab
12’
Building FAR
0.23
Lot Size
4.33 AC
Zoning
OCI - The OCI zoning district provides appropriate locations for office, light industrial and small-scale commercial uses
Parking
200 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Property Taxes
| Parcel Number | 176827-288 | Improvements Assessment | $8,696,400 |
| Land Assessment | $2,254,900 | Total Assessment | $10,951,300 |
Property Taxes
Parcel Number
176827-288
Land Assessment
$2,254,900
Improvements Assessment
$8,696,400
Total Assessment
$10,951,300
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