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31770858
31770856

4 Locations For Sale

KK
OR 201230180
Newmark - Portland
Listed by Newmark - Portland
Unpriced
89 days on market
Updated 89 days ago

Trellis West Advanced Manufacturing Campus

Details
APN R2070279
Property Type Office, Industrial
Sub Type R&D, Manufacturing (+1)
Square Footage 214,152
Units 4
Occupancy 85%
Tenancy Multi
Class A
Buildings 4
Acreage 18.100
Investment Type Stabilized
Ground Lease No

Stabilized Advanced Manufacturing Campus in Silicon Forest | Double Digit Cash-on-Cash | 5 Year WALT

Marketing description

Newmark (NMRK), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Trellis West (the “property”) – a four-building suburban campus consisting of advanced manufacturing and R&D space strategically located in Hillsboro’s Sunset Corridor. Spanning 214,152 rentable square feet, the property is 85% leased with 5.1 years of weighted average lease term. With less than 10% of the rentable square footage rolling over the first 48 months of the hold period and 39% investment-grade credit tenancy, Trellis West offers attractive in-place cash flow with limited near-term rollover risk.

Originally delivered in the 1990s, ownership has invested substantial capital to thoughtfully reposition Trellis West, focusing on creating a differentiated, amenity-rich environment that delivers a best-in-class tenant experience. Trellis West offers tenants a wide variety of on-site programming including rotating food trucks, outdoor seating and fire pits, and 10+ miles of walking paths throughout campus. Additionally, tenants benefit from access to The Mill – the campus amenity center designed to foster convenience, wellness, and community.

Located less than three miles from Intel’s Ronler Acres and Hawthorn Farms campuses, the property is located in the heart of Washington County’s Silicon Forest, one of the most diverse high-tech clusters in the United States. Supported by a young and highly educated workforce, industry giants such as Intel, Applied Materials, Tokyo Electron, Lattice Semiconductor, Lam Research, and many other long standing semiconductor companies have deep roots in the Silicon Forest, fostering a robust ecosystem of suppliers and manufacturers that play a critical role in the semiconductor industry. Featuring highly functional advanced manufacturing, research & development, and flex space used in a variety of ways, Trellis West is strategically positioned to meet evolving tenant demand and capitalize on continued growth within the Silicon Forest.

Trellis West offers investors the opportunity to acquire a stabilized suburban campus generating durable investment grade cash flow, located within one of the West Coast’s most diversified and resilient high-tech clusters.

Investment highlights

  • Stabilized rent roll with minimal rollover within first 48 months
  • 39% of rentable square footage occupied by investment grade credit tenancy
  • Strong tenant mix entrenched in Sunset Corridor's high-tech ecosystem
  • Highly amenitized suburban location in proximity to Oregon's largest economic drivers
  • Best-in-class campus programming and amenity center
  • Abundant employee housing options with over 8,500 multi-family units within one mile of property.

Listing Contacts

KK
OR 201230180
Newmark - Portland
Listed by Newmark - Portland

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