LOCATION - The property is located at 1660 SE 18th Street, Vancouver, WA in the highly desirable neighborhood of Fisher’s Landing East.
ACRES - +/- 1.14 acres (49,658 square feet)
TRAFFIC COUNT - +/- 28,951 (SE 164th Ave)
UTILITIES - Electric is provided by Clark Public Utilities / Internet and phone provided by Spectrum / Comcast / Water and Sewer services provided by the city of Vancouver, WA.
YEAR BUILT - The facility opened for business in February 2020.
CONSTRUCTION DETAIL - Electric is provided by Clark Public Utilities / Internet and phone provided by Spectrum / Comcast / Water and Sewer services provided by the city of Vancouver, WA.
ELEVATOR DETAIL - Two elevators made by Kone. 4500 lb capacity each. 28 people max load.
APARTMENT - N/A. No apartment at this location.
OFFICE - Office, totaling 1,135 square feet, consists of two restrooms, storage, office space, kitchen area, and a break room.
CLIMATE CONTROLLED - The facility is 100% climate controlled.
FEATURES AND AMENITIES - The facility has electronic access control, 24-hour video surveillance, climate controlled units, covered loading bay, gate access on Sundays, elevator access to upper floors and a retail oriented customer service office.
MANAGEMENT - The property is professionally managed by ExtraSpace.
SECURITY - The facility is equipped with a 24-hour video surveillance system.
OPERATION HOURS (OFFICE) - Monday through Friday - 9:30 am to 6:00 pm; Saturday – 9:00 am to 5:30 pm; Sunday - closed.
OPERATION HOURS (ACCESS) - Monday through Sunday - 6:00 am to 10:00 pm
OFFERING PRICE - Unpriced
RENTABLE SQUARE FEET - 99,076 (Not including surface parking)
EFFECTIVE RENTAL RATE - Climate Controlled - $14.35 psf
NUMBER OF UNITS - 1,134
CURRENT OCCUPANCY - Economic – 37.6% Physical – 67.0%
OFFER DEADLINE - December 10th, 2021
STRONG LEASE-UP HISTORY - The property has achieved 73.5% Occupancy in just over 18 months.
STRONG DEMOGRAPHICS WITH PROJECTED GROWTH - There are over 88,800 residents with an average household income of over $99,951 within a three-mile radius of the property. The population is projected to grow at an annual rate of 1.58% over the next ﬁve years.
THRIVING PORTLAND–VANCOUVER-HILLSBORO MSA - Vancouver is a nearby suburb of Portland situated just 15 minutes north of Downtown on the Washington State side of the Columbia River. With over $600M of venture capital raised in 2020, the Portland MSA is home to a rapidly growing list of tech employers, many of which are located in Vancouver. With a population of 2.5M residents, the MSA is ranked the #4 fastest growing U.S. tech market. Vancouver itself is currently the #17th fastest growing city in the U.S. according to Forbes.