CBRE Arranges $18.675 Million Sale of Retail Asset in Camas, Washington

CBRE has announced the sale of a 35,547 square-foot multi-tenant strip center located at 301 NE 192nd Avenue in Camas, Washington. The property was acquired by Forging Union, LLC, from Hurley Development for $18.675 million.

CBRE’s Wes Bochner represented the buyer, Forging Union, LLC, in the transaction.

“This transaction underscores the demand for high-quality retail assets in growth markets,” said Bochner. “We were pleased to help Forging Union identify and acquire a property that offers long-term stability through a strong tenant mix and NNN leases. This investment positions our client to leverage continued growth and stability in a key retail corridor of Southwest Washington.”

The property is fully leased to a diverse mix of 15 tenants, including businesses focused on financial services, health and fitness, and food and beverage tenants with NNN leases. Situated on a 2.58-acre lot, the property sits in a major retail corridor and provides strong visibility and access to surrounding residential communities.

The Vancouver retail submarket continues to demonstrate strong fundamentals, with an availability rate of just 4.4%, reflecting strong tenant demand and limited new construction.