VALUE ADD INVESTMENT OPPORTUNITY
42,552 Sqft - 5115 NE 94th Ave, Vancouver, WA
THIS OFFERING PRESENTS
the opportunity to acquire Velendo Vancouver Plaza (VVP) in Vancouver, WA. This property is comprised of six separate buildings with a total space of +/-42,552SF, situated on a conveniently placed 2.4-acre plot of general commercial land.
Strategically located within a busy hub, VVP offers an ideal setting to prospective businesses, whether looking for an office, retail store, or light industrial space. With below market rents and a 76.83% occupancy rate, there is significant value-add potential to increase NOI and achieve stabilization.
VVP boasts excellent connectivity and visibility, being just a short 2-minute drive away from both I-205 and SR 500. Moreover, the plaza is surrounded by various amenities, including dining options, The Vancouver Mall, a key transit station, and even a childcare facility (Kidspace Child Enrichment Center) within its premises.
Surrounding businesses include Safeway, Dutch Bros Coffee, The Home Depot, Dairy Queen, Chick-fil-A and many more.