DIVERSIFIED CASH FLOW STREAM WITH UPSIDE
1201 Lloyd benefits from strong cash flow generated from a variety of tenants, anchored by the federal government. As a result, the property has enjoyed a stable occupancy throughout its history and above-market retention rates. The in-place GSA tenancy includes the U.S. Army Corp of Engineers, Federal Bureau of Investigations, ATF, USDA, and the National Oceanic and Atmospheric Administration. Accelerating rent growth and 68% lease rollover during the next five years provide an opportunity to enhance cash flow by marking the existing leases to market rates.
SUPPLEMENTAL INCOME VIA PARKING GARAGE
1201 Lloyd offers investors access to a 5-story parking garage located adjacent to the property that contributes over $600,000 in annual cash flow. The garage provides tenants with an above-market parking ratio of 2.1 / 1,000 SF via 471 spaces, which supplements the direct access available via public transit.
CENTRALLY LOCATED, TRANSIT-ORIENTED PROPERTY
1201 Lloyd is located directly alongside the MAX light rail system with a station stop for the Blue, Red, and Yellow MAX light rail lines situated across the street from the property. The property is also ideally located alongside Interstate 84 and positioned at the first freeway off-ramp in the Lloyd District. The asset’s unmatched access to transportation and visibility offers a tremendous competitive advantage to other properties located within Portland and the Lloyd District in particular.