Local investment firm Harsch Investment Properties is starting off the year with opportunistic buys, including the recently acquired three-building multi-tenant industrial office park, Vancouver Commerce Park. The purchase price was $11 million.
Originally constructed in 1990, the property features 82,235 square feet of rentable space on 4.36 acres and is currently 100% occupied by three tenants.
The industrial facility is located in the Orchards submarket, southeast of the intersection of Interstate 205 and Washington State Route 500 at NE 112th Ave. and NE 37th Circle in the 112th Avenue corridor.
Sometimes referred to as “Contractors Row” for its ready access to materials and service providers, the NE 112th Corridor offers access to the major arterial links throughout Vancouver as well as broader Oregon markets. This historically high-occupancy submarket location is near amenities such as Vancouver Mall and other restaurants, shopping, fitness and hotels.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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