Sales & Leasing | Office Properties For Sale

Stonemill Business Park

204 & 312 SE Stone Mill Drive | Vancouver, WA 98684

TWO BUILDING BUSINESS PARK FOR SALE

Price: $16,950,000
Price PSF: $144.46
Cap Rate: 7.81%
Est. NOI: $1,324,251
Occupancy: 91%

Land Area: ± 9.08 Acres
Building A: ± 65,858 SF
Building B: ± 51,474 SF

FEATURES
- Built in 1986
- Occupancy Rate of 91%
- Excellent Return with Upside
- Strong Diversified Credit Tenant Mix
- Staggered Lease Expirations
- Institutionally Owned for 20 Years
- Professionally Managed
- 4/1,000 Parking Ratio
- Secure and Lit Bike Pavilion for 16-20 Bicycles
- Zoning: CC - Community Commercial
- Across the Street from Millport Shopping Center and Kaiser Permanente Cascade Park Medical Center
- Close to DoubleTree and Hampton Inn Hotels
- Just off of Mill Pain Blvd. and Close to I-205
- 11 Minute Drive to PDX Airport
- 21 Minute Drive to Downtown Portland
- No State Income Tax
Listing Status
Active
Property Type
Office
Property Sub-type
Business Park
Price
$16,950,000
Cap Rate
± 7.81%
Building Size
± 117,332 SF
Building Class
B
Lot Size
± 9.08 AC
Highlights
• Excellent Return with Upside
• Strong Diversified Credit Tenant Mix
• Staggered Lease Expirations
• Institutionally Owned for 20 Years

Demographics
Broker Info

Todd VanDomelen
503.225.8475

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Norris & Stevens specializes in commercial real estate sales and leasing and property management throughout Oregon and Southwest Washington. Headquartered in Portland, we utilize our experience across all disciplines of commercial real estate: office, industrial, retail, and multi-family.