Willamette 205 Corporate Center - West Linn, OR

STRONG HISTORICAL OCCUPANCY & DURABLE RENT ROLL

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.

 

EXCEPTIONAL PARKING RATIO

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

 

EXCELLENT LOCATION

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.

 

SKILLED WORKFORCE

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.

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).