GSA OFFICE: USDA / USACE / FBI / ATF

Tenant

USDA, FBI, ATF, NOAA, U.S. Army Corps of Engineers

Location

Portland, OR

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

99%

Building Size

225,057 SQ FT

Property Type

Office

Year Built

2002

Lot Size

1.7 Acres

Status

Sold

Property Contacts:

Travis Trautvetter

Vice Chairman

858 558 5609 | Email

Jake Trautvetter

Capital Markets

858 558 5624 | Email

Kari Fiske

Brokerage Coordinator

858 334 4032 | Email

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.

1201 Lloyd is a premier, Class A office project located in the Lloyd District neighborhood of Portland, Oregon, one of the fastest growing markets in the nation. Developed in 2002, the 11 story, 225,057 square foot office tower features high end finishes, a modern lobby design, efficient floor plates, upgraded HVAC and building systems, exceptional views of the surrounding area, and attractive on-site amenities. Located directly along Portland’s MAX light rail system and Interstate 84, 1201 Lloyd provides exceptional visibility and convenient access to employees who rely on Portland’s renowned public transit network. 1201 Lloyd is also a few blocks from the Lloyd Center Mall and Moda Center, home to the Portland Trailblazers. Currently 99% leased to a mix of credit tenants in the government and financial services sectors, 1201 Lloyd offers a unique opportunity to acquire a Class A office tower with strong occupancy and an irreplaceable location.