Sunrise Business Center | Clackamas, OR

16277 SE 130th Ave, Clackamas, OR 97015

Description

HFF and Capacity Commercial Group present the opportunity to acquire the fee simple interest in Sunrise Business Center located in Portland's entrenched Clackamas submarket. Sunrise Business Center is a fully leased, highly functional, multi-tenant industrial building offering 157,716 rentable square feet.

Clackamas is one of Portland's most desirable industrial micro markets with a direct vacancy of 6.0% and average asking shell rents north of $0.40 per square-foot NNN. Originally a cold storage hub, Clackamas has grown into a mature industrial market dominated by food service and light manufacturing tenants. Users are attracted to Clackamas' superior accessibility to I-205, business friendly environment, and relative affordability when compared to Portland's core Airport Way submarket.

Sunrise Business Center

 

Industrial Property

Price: $

Building Size: 157,716 SF

Price/SF: $

Property Type: Industrial

Property Sub-type: Manufacturing

Additional Sub-types: Industrial-Business Park

Property Use Type: Investment

Cap Rate: 7%

Tenancy: Multiple

Year Built: 1981

Clear Ceiling Height: 31 ft.

Dock-High Doors/Loading: 8

Drive In/Grade-Level Doors: 3

Lot Size: 11.02 AC

APN / Parcel ID: 480893

Parking Ratio: 3.60 / 1,000 SF

Listing ID: 19459292

Last Updated: 3 days ago

Additional Information

100% Leased Industrial Opportunity

Mark-To-Market Upside

Substanital Cash Flow and Future Upside With Additional Land Development

Quality Institutional Product Priced Below Replacement Cost

High Tenant Retention Probability

Entrenched Clackamas Location

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ELAND INVESTMENT

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