Value-Add Anchored Retail Shopping Center
Diverse Tenant Mix • Annual Rent Increases

Sale Price: $10,485,000 ($271/SF)
Building Size: 38,654 SF (2 Buildings)
Occupancy: 86%
Actual Cap Rate @ 86% Leased: 5.91%
Actual NOI: $619,666

Property Features:
• Retail Investment with Stabilized Income and Upside Through Leaseup
• Diverse Tenant Mix with Annual Increases
• Remodeled in 2016 and Anchored by O’Reilly Auto Parts
• Offering Comprised to Two Adjacent Retail Properties
• Two Pylon Signs - One for Each Building

Location Features:
• Located on the 164th Ave North/South Retail Corridor close to National Retailers and Big-Box Centers
• Signalized Intersection with Over 29,000 Vehicles Per Day along NE 164th Ave Adjacent to Property
• Nearby Highlights Include Parkrose Hardware, Target, Mill Plain Elementary, Regal Cascade IMAX, Michael’s, Cost Plus World Market, Kohl’s, ROSS, Hewlett Packard, Columbia Tech Center
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164th Plaza Vancouver
212 NE 164th Ave
Vancouver, WA 98684

Price: $10,485,000
Acres: 2.96
SF: 38,654
Retail Center