Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 1983
Building Area
Land Area ()

Property Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 5550 Macadam (the “Property”), a 43,151 square foot office building in Portland, Oregon. 5550 Macadam is 89% occupied with 42% of the NRA leased to Erickson Air-Crane through July 2025, providing income stability and downside protection. 5550 Macadam has a history of long-term tenancy with current tenants averaging 9.8 years of occupancy. In-place rents average $35.19 per square foot per year FSG with market rents projected to be $37.00 FSG, presenting a mark-to-market opportunity and the ability to capitalize on the area's 6.3% compound annual market rent growth rate over the last five years. 


In addition to a recent and extensive renovation, the Property offers exceptional riverfront views, maintains superior geographic location, and generates reliable cash flow over the term of the hold.


Investment Highlights

  • OUTSTANDING LOCATION WITH HIGH ACCESSIBILITY
  • HIGH PERFORMING MARKET
  • URBAN LOCATION WITH SUBURBAN CONVENIENCES
  • STABLE CASH-FLOWING OPPORTUNITY
  • DISCOUNT TO REPLACEMENT COSTS
  • SIGNIFICANT CAPITAL INVESTMENT
  • ABILITY TO INCREASE BUILDING SIZE


Last Updated Date: 02 Mar 2021
Buzz Ellis, SIOR
Buzz Ellis, SIOR
Managing Director, Capital Markets
License details
930100005
Adam Taylor
Adam Taylor
Director, Capital Markets

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Last Updated Date: 02 Mar 2021

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