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Willamette 205 Corporate Center - West Linn, OR

Willamette 205 Corporate Center - West Linn, OR


1800-1830 Blankenship Rd, West Linn, OR 97068

Rentable Bldg Area:  91,972 SF

Land Area: 292,723 SF

Year One Cap Rate: 7.29%



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  • Investment Highlights


    Over the past five years, the asset has consistently maintained an impressive average occupancy rate exceeding 90%, with an
    average tenancy length of 7.1 years allowing investors to gradually capture rental upside via annual increases and lease renewals.



    The Willamette 205 Corporate Center boasts 375 dedicated parking stalls with a 4/1,000 Parking ratio.



    Featuring unique river valley views, this high-image office space is a top of the market option with excellent access to I-205 and local amenities.



    Located near thriving commercial hubs and home to a population
    exceeding 50,000 within a 3-mile radius, West Linn features a highly educated demographic, with 62.2% of residents aged 25 and above holding a Bachelor’s degree or higher.

  • Investment Overview

    THE VARA GROUP is pleased to present the sale offering of Willamette 205 Corporate Center in West Linn, OR (the “Property”). Sitting on an expansive 6.72-acre lot, the Property consists of two class A office buildings built in 1999. 39
    tenant spaces totaling 91,972 rentable SF have
    undergone continuous enhancements and tenant
    improvements, ensuring they meet the evolving
    needs of modern office occupiers.

    Situated in the growing and well-rounded suburb of
    Portland, West Linn, the Property serves as a safe
    and convenient alternative to options in downtown
    Portland. Boasting an impressive 91% occupancy
    rate, the asset hosts a diverse array of tenants,
    including the CHEF’STORE headquarters (formerly
    SmartFoodservice), and the Social Security
    Administration under a recently signed 20-year
    GSA lease. With its high-image office space and
    strategic location, Willamette 205 Corporate
    Center offers investors a distinct opportunity to
    expand into a growing submarket with a median
    household income of $134,116 (2022).

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