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One & Two Park Place 2 Office Properties Offered at $32,955,476 CAD 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 3.54 years
- Two Park Place is fully leased to Bonneville Power Administration, who recently extended its lease term.
- 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.
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 ($158/SF Blended)
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 ($158/SF Blended)
Property Facts
| Price | $32,955,476 CAD | Number of Properties | 2 |
| Price / SF | $217.64 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.75% | Total Building Size | 151,423 SF |
| Sale Type | Investment | Total Land Area | 8.00 AC |
| Status | Active |
| Price | $32,955,476 CAD |
| Price / SF | $217.64 CAD / SF |
| Cap Rate | 9.75% |
| 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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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One & Two Park Place
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