2 Locations

Newmark (NMRK), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Cascade I & II (the "property") - a Class A suburban office campus in the heart of the Sunset Corridor. Originally developed in 2001 and thoughtfully repositioned in 2021, the property consists of 191,000 rentable square feet across two buildings and is 84% leased with a weighted average lease term of 4.0 years. Featuring a diverse roster of FIRE and medical-adjacent tenants, Cascade I & II offers investors strong contractual cash flow bolstered by 21% investment-grade credit tenancy.

Institutionally owned and operated for over two decades, the property has benefited from over $6 million in capital improvements since 2021, including lobby renovations, upgraded common areas and tenant spaces, modern office buildouts, and enhanced building systems. Furthermore, tenants enjoy a wide variety of on-site amenities and programming, including rotating food trucks, outdoor seating and fire pits, and access to the campus amenity center, The Mill. These investments have driven tremendous leasing activity, with over 100,000 SF of new and renewed leases executed since 2024, representing 54% of the buildings' total inventory.

Cascade I & II is centrally located in Hillsboro's Sunset Corridor, the metro's preeminent suburban office market. The Sunset Corridor continues to outperform neighboring submarkets with 15% direct vacancy, as tenants increasingly seek high-quality, well-located suburban office space. Adjacent to the Streets of Tanasbourne and Tanasbourne Commerce Center, Cascade I & II offers tenants walkable access to extensive retail amenities in a rapidly urbanizing mixed-use district.

Cascade I & II presents a compelling opportunity to acquire a stabilized, Class A suburban office asset with durable, investment-grade cash flow in Oregon's top-performing suburban office market.