Vancouver Industrial Investment
8.36% Cap Rate – 93% Leased – 15,047 SF
Marketing description
311 E. Reserve St. is a multi-tenant industrial property with 34 units that are 93% leased. The property operates under the name Man Caves @ Pearson Storage and offers a variety of spaces including 2 office suites, small workshop spaces and traditional storage.
The highly amenitized spaces include roll-up doors, high ceilings, overhead lighting, compressed air, electricity, 220 & 110 V power, WiFi, and cable TV with sports package. The Property offers communal restrooms, shared utilities, gated entry and security system. Tenants historically have been a mix of small businesses, hobbyists, and active storage users.
The Property benefits from its location near downtown Vancouver, Pearson Field, and the Grand Central Retail Center along with convenient access from Interstate 5, Interstate 205 and SR14 and Mill Plain Blvd. The central location serves both the Portland and Vancouver markets.
Property Website: Pearsonmancaves.com
Investment highlights
93% Occupied - With strong occupancy history, and a diverse tenant base.
High Cash Flow Investment - Over $308,000 in net operating income annually generating an exceptional investment return.
Upside Potential - Through occupancy gains and rent increases on existing tenants.
Convenient Access - With easy access to I-5, I-205, Mill Plain, SR 14, downtown Vancouver and nearby retail.
Limited Competition - Combination of size, functionality and price point offers a unique product with limited area competition.
Flexible, Move-In Ready Spaces - With power, lighting, high ceilings, compressed air, Wi-Fi and Cable perfect for local businesses, maker spaces and hobbyists.
Strategic Location - In fast growth Clark County with a preferred tax structure while also appealing to Portland area tenants.
Security & Amenities - Onsite water, electrical, parking, restrooms, security gate and security cameras enhance usability and desirability for tenants.
Rebranding Opportunity -To appeal to wider audience of potential users.
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