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Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 915 Broadway (the “Property”) in Vancouver, Washington. The renovated 33,141 square foot office building is located in thriving Downtown Vancouver, just minutes from the Vancouver Waterfront and directly off of I-5, promoting easy access to Portland to the south. 915 Broadway is 96% occupied by a diverse roster of established tenants, providing investors income stability with near-term value-add upside through lease up of the existing vacancy and marketing expiring rents to market rates.
With 1.9 million square feet of total inventory, the Vancouver office market is robust and averaged sub-8.0% vacancy rates throughout the pandemic. Located within Clark County, Vancouver also maintains distinct tax advantages compared to Portland and the rest of Oregon. 915 Broadway is a rare opportunity to acquire a cash flowing, well-maintained office asset at a value that is significantly below replacement costs in the burgeoning Downtown Vancouver market.
- Opportunity for both investors and potential owner-users
- Stabilized office asset with near-term upside
- Recently renovated
- Desirable location in Downtown Vancouver
- Highly accessible with proximity to amenities
- Tax advantages