Retail

Sherwood West Office Building

Sherwood, OR

Asking Price

$3,900,000

Cap Rate

6.50%

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Construction

High-Quality

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Year Built

2004

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Avg HHI

$156,305

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Square Feet

18,422 SF

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Location

Great Exposure and Visibility

INVESTMENT HIGHLIGHTS

Opportunity to increase yield by increasing the rental rate of several long term tenants to market. New leases being signed at $25/PSF and higher.
High-density surrounding residential base of 142,298 residents with average incomes in excess of $149.9K.
High-quality construction with over $100,000 of recent capital improvements.
Priced well below replacement cost at $212 per SF.

Located directly off Pacific Highway W (Oregon 99W) providing great exposure and visibility to over 44,700 vehicles per day.
Annual rent increases scheduled for 100% of the tenants.
Sherwood is among the most rapidly growing submarkets in the Portland MSA, and is recognized as the gateway to Oregon's preeminent wine country.