Property Listings

Kidder Mathews is 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 leaseup.

• Current rents average $13.83 psf - far below the market rate with nearby rent comparables averaging $18 NNN for similar retail space
• Value-add opportunity for future owner to raise rents and transition leases to NNN reimbursement structure
• Potential $51k+ increase to NOI by converting 2026 tenant renewals to NNN lease structure
• 7-Eleven is ranked as the #4 location in Washington State, per Placer.ai and located on separate parcel creating optionality for future ownership
• Priced well below replacement cost at $176 psf and located on 2.46 acres of land located at a signalized hard corner
• Pride of ownership with substantial recent capital improvements completed which include several new roofs, seal coat and stripeparking lot and exterior paint