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Stabilized Class A Office Investment | 40,022 16821 SE McGillivray Blvd 44,118 SF 92% Leased Office Building Vancouver, WA 98683 $16,899,927 CAD ($383.06 CAD/SF) 4.68% Cap Rate



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
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Controlled Access
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Cornerstone Home Lending was created in 1988 with the purpose of making a positive difference in the lives of others through the platform of home lending. Over decades and several satisfied families later, Cornerstone was approved as a state savings bank. They are humbled to be a premier national lender with the highest ratings for customer service and team member satisfaction. Through helping their Team Members build individual legacies of service and kindness, their positive impact on others will continue to grow. Mortgage is about making the dream of homeownership a simple, easy, and happy experience. their Customers will be guided by caring, service-centric Team Members who are supported by world-class technology and efficient processes. They will always be committed to doing what’s right for the people they serve. They put people over profits, and they build solid relationships that last a lifetime.
COUNTRY Financial is a privately held insurance and financial services company founded in 1925. Headquartered in Bloomington, Illinois, the company originated from a group of Illinois Agricultural Association members who aimed to provide fire and lightning insurance to farmers. Over the decades, COUNTRY Financial expanded its offerings to include auto, home, life, farm, and commercial insurance, as well as retirement planning and investment management. The company operates in 19 states and serves over one million households and businesses. COUNTRY Financial is not publicly traded and remains privately held.
As a diversified construction and construction materials company and a full-suite provider in the transportation, water infrastructure and mineral exploration markets, Granite delivers Infrastructure Solutions for public and private clients throughout the Americas. Their expert teams go above and beyond to provide advanced solutions to material constraints, ensuring the most efficient transport of materials. They safely mine quality aggregates that fuel infrastructure, and they’re proud to be a trusted partner to their clients.
- Richard James & Associates
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Skipping Stones
- Educational Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Weyerhaeuser Company began more than 100 years ago with 900,000 acres of timberland, three employees, and a small office in Tacoma, Washington. Founded in 1900 by Frederick Weyerhaeuser, they've grown to become one of the largest sustainable forest products companies in the world. For more than a century, Weyerhaeuser Company has been growing trees and making forest products that improve lives in fundamental ways. They manage millions of acres of forests on a continuous and fully sustainable cycle. They are responsible stewards of their land for multiple uses, including recreation, conservation, economic development, and different forms of renewable energy. And the wood products they make are used to build homes where families are sheltered and raised.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
Construction | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Richard James & Associates | Services | 99,999 SF | - | Lorem Ipsum | - | |
| Skipping Stones | Educational Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 176827-288 | Total Assessment | $15,067,018 CAD |
| Land Assessment | $3,102,337 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $11,964,681 CAD | Tax Year | 2025 |
Property Taxes
Presented by
Brianna Brooks
Stabilized Class A Office Investment | 40,022 | 16821 SE McGillivray Blvd
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