Log In/Sign Up
Your email has been sent.
Two Park Place. 7500 NE 41st St 83,745 SF 100% Leased Office Building Vancouver, WA 98662 $20,889,593 CAD ($249.44 CAD/SF) 9.75% Cap Rate
Investment Highlights
- Two Park Place was originally built as a build-to-suit for Bonneville Power Administration.
- 2026 Budgeted NOI: $2,350,417
- Well maintained and professionally managed.
- Two Park Place is fully leased to Bonneville Power Administration, who recently extended its lease term.
- Weighted Average Lease Term (WALT) of approximately 3.54 years.
- One Park Place Roof replaced in October 2016 and comes with a 20 year warranty.
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.
The Buildings can be sold separately or together.
* One Park Place: $9,387,000 ($138.71/SF) - 80% Occupancy
* Two Park Place: $14,720,000 ($174.78/SF) - 99.4% Occupancy
* Portfolio Price: $24,107,000 (Blended $158/SF)
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.
The Buildings can be sold separately or together.
* One Park Place: $9,387,000 ($138.71/SF) - 80% Occupancy
* Two Park Place: $14,720,000 ($174.78/SF) - 99.4% Occupancy
* Portfolio Price: $24,107,000 (Blended $158/SF)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
83,745 SF
Building Class
B
Year Built
2000
Price
$20,889,593 CAD
Price Per SF
$249.44 CAD
Cap Rate
9.75%
NOI
$2,036,735 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
20,936 SF
Building FAR
0.48
Lot Size
4.00 AC
Zoning
GC - Office Building
Parking
421 Spaces (5.03 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Restaurant
- Signage
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 160456-000 | Improvements Assessment | $24,354,967 CAD |
| Land Assessment | $3,497,304 CAD | Total Assessment | $27,852,270 CAD |
Property Taxes
Parcel Number
160456-000
Land Assessment
$3,497,304 CAD
Improvements Assessment
$24,354,967 CAD
Total Assessment
$27,852,270 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Two Park Place. | 7500 NE 41st St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.