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One & Two Park Place 2 Office Properties Offered at $29,275,000 in Vancouver, WA
Investment Highlights
- Well maintained and professionally managed office buildings
- Two story parking garage
- Two Park Place was originally built as a build-to-suit for Bonneville Power Administration
- Weighted Average Lease Term (WALT) of approximately 3.6 years
- Two Park Place is fully leased to Bonneville Power Administration, who recently extended its lease term.
- Occupancy: One Park Place - 80% and Two Park Place - 99.4 %
Executive Summary
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.
Property Facts
| Price | $29,275,000 | Number of Properties | 2 |
| Price / SF | $193.33 / SF | Individually For Sale | 0 |
| Cap Rate | 8.84% | Total Building Size | 151,423 SF |
| Sale Type | Investment | Total Land Area | 8.00 AC |
| Status | Active |
| Price | $29,275,000 |
| Price / SF | $193.33 / SF |
| Cap Rate | 8.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 151,423 SF |
| Total Land Area | 8.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Two Park Place.
7500 NE 41st St, Vancouver, WA 98662 |
Office | 83,745 SF | 2000 | - |
|
One Park Place
7600 NE 41st St, Vancouver, WA 98662 |
Office | 67,678 SF | 1989 | - |
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Matterport 3D Exterior
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Photos
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One & Two Park Place
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