Property Details

We are pleased to present the opportunity to acquire the Pacific 63 Center, a generational opportunity to acquire a compelling value-add shopping center strategically located on a high traffic, signalized corner with 2.46 acres of land area in Vancouver, Washington. Anchored by the #4 ranked 7-Eleven in Washington State, per Placer.ai and featuring a separate parcel allowing for optionality in future ownership strategies.Current in-place rents average just $13.83 psf, significantly below prevailing market rates for similar retail space which average $18 psf plus NNN reimbursement. This creates an exceptional opportunity for future ownership to transition the current tenancy to full NNN reimbursement structures, or significantly boost NOI through new tenant lease up.Current rents average $13.83 psf – far below the market rate with nearby rent comparables averaging $18 NNN for similar retail spaceValue-add opportunity for future owner to raise rents and transition leases to NNN reimbursement structurePotential $51k+ increase to NOI by converting 2026 tenant renewals to NNN lease structure7-Eleven is ranked as the #4 location in Washington State, per Placer.ai and located on separate parcel creating optionality for future ownershipPriced well below replacement cost at $176 psf and located on 2.46 acres of land located at a signalized hard cornerPride of ownership with substantial recent capital improvements completed which include several new roofs, seal coat and stripe parking lot and exterior paint