Marketing Description:

We have been selected to exclusively market for sale Velendo Plaza, a concrete block construction business center located in the heart of Vancouver, WA (Portland/Vancouver MSA). The Property is located across the street from Vancouver Mall, ranked in the top 5 malls in Washington state per Placer. ai receiving over 5.9 million visitors annually, and adjacent to Vancouver Mall Transit Center (3,796,727 annual passengers). The Property is currently 92% occupied with strong leasing momentum. The Property features a total of 19 tenants with varying lease expiration dates, ensuring a diversified income stream. Nearly 80% of the GLA has occupied the Property for more than six years showing strong historical occupancy. Approximately 74% of the GLA at the Property is paying an average rent of $17.