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1218 NE 88th Street Retail Center

1218 NE 88th St, Vancouver, WA 98665, USA

Description

Great Office/Retail Sale Opportunity

The subject property consists of ± 11,962 SF of service/retail space on ± 1.08 acres of level land. It was built in 2008 and consists of a steel structure on a concrete foundation. The building is served by a parking lot with ± 50 spaces or a ratio of ± 4.5/1,000 SF.

The building is currently 67% leased to three tenants. However, one of the three tenants (Domino’s Pizza) is expected to vacate upon termination of their existing lease. Our financial model is based on Domino’s Pizza vacating the premises.

Positive Property Attributes

  • $127,066 of annual In-place income.
  • WashWorld has almost 9 years remaining on their lease.
  • Mathnasium has over four years remaining on their lease.
  • Great visibility with average daily traffic counts of 19,000 vehicles on Hwy 99
  • Excellent vehicle access to I-5 and Portland Metro Area freeway system
  • Excellent parking at 4.5 stalls/1000
  • Located directly across from a Walmart

Property Documents

  • 88th Street Center_SALE FLYER.031919
  • City: Vancouver
  • State/county: Washington
  • Neighborhood: Vancouver
  • Country: United States

Detail

Updated on April 10, 2019 at 11:07 pm

  • Property ID: 1218 NE 88th Street

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