Newmark (NMRK), as an exclusive advisor, is pleased to present the rare opportunity to acquire the 100% fee simple interest in Kruse Woods V (the “property”). The property is currently 90% leased with a 7.8 year weighted average lease term that is located in the highly desirable west end of the Kruse Way submarket, the hottest suburban office market in the Portland Metro. The highest-quality office asset in the submarket, Kruse Woods V has experienced a 31.4% increase in rents since pre-COVID, demonstrating the shift in tenant demand for Class A suburban office space in a highly amenitized, well-located submarket.

Kruse Woods V represents one of the first opportunities to acquire a stabilized office asset within the institutionally owned Kruse Woods Corporate Park since ownership acquired the portfolio in 2007. The property offers a diverse, high-quality rent roll with co-anchors Precision Castparts, Umpqua Bank, NAVEX Global, and Delap. In-place cash flow is supported with 46.5% of the rentable square footage occupied by investment-grade credit tenancy. The property has demonstrated the ability to attract high quality, credit tenancy with over 150,000 square feet of leasing activity during the past 24 months which has allowed for a 7.1% annual CAGR in rental rates.

Kruse Woods V’s unrivaled suburban location provides tenants access to countless walkable retail amenities, immediate connectivity to I-5 and Highway 217, and proximity to executive level housing for their employee base. Located in Lake Oswego, the surrounding area has the highest demographics in the state with the average household income exceeding $155,000. The offering provides investors the rare opportunity to acquire a stabilized office asset in the coveted Kruse Way submarket with secure, durable investment grade cashflow, located in the hottest suburban office submarket in the Metro experiencing double digit rent growth.