Investment Overview

The Investment Sales Team of IPA has been retained as the Exclusive Listing Brokers for of sale of Willow Pointe, a 191-unit multifamily community with a mix of apartments and townhomes located in the desirable Salmon Creek neighborhood of Vancouver, Washington, one of the fastest growing cities in the Pacific Northwest. Situated on over 15 acres, the property provides a unique park-like setting to its residents which clearly distinguishes itself amongst the competitive set.

Willow Pointe is divided into two wings that surround a pond with ample greenspace and community amenities. There are 136 traditional garden-style apartment units and 55 large townhouse and rambler-style homes, each equipped with a two-car garage and private driveway. Together, the property boasts an impressive average unit size of ±1,162 square feet, catering to families and renters who desire more space.

The property is strategically located at the confluence of Interstate 5 and Interstate 205, providing residents direct access to the rapidly expanding downtown Vancouver, and greater Portland MSA. Directly east of the property (1.0 miles) is the area’s primary economic driver, Legacy Salmon Creek Medical Center and The Vancouver Clinic.

Directly west of the property (0.6 miles) are an Elementary, Middle, and High School, all rated B / B+ by Niche.com. The Salmon Creek neighborhood is mostly comprised of single-family homes, and lends itself to an affluent resident demographic with an average household income of over $121,000.

Given the impressive growth trajectory that is taking place in the greater Clark County area, and the enduring physical qualities of the property, Willow Pointe is ideally positioned for a new buyer to capitalize on future growth over both the immediate and the long-term.

This Offering is subject to the terms and conditions of an existing Co-Tenancy Agreement, pursuant to which a Co-Tenant Interest equal to 83.33% is currently being offered for sale.

Iconic Modernized Building

Long-term private ownership has diligently maintained the property and grounds; however, all unit interiors retain original finishes, providing rental upside which could lead to nearly $500/mo. per unit with upscale renovation program.

Low Density with Ideal Physical Characteristics

Situated on over 15 lush acres, the property is surrounded by ample greenspace and features 136 apartment homes and 55 townhomes with an average unit size of ±1,162 square feet.

Immediate Accessibility to Economic Drivers

Strategically located within minutes of Legacy Salmon Creek Medical Center and at the confluence of Interstate 5 and Interstate 205, providing access to the greater Vancouver area and Portland MSA.

Desirable Demographics and Schools

Average household income over $121,000 within a three-mile radius, and 79.5% of households hold two or more people. Three B / B+ rated schools within walking distance.

Burgeoning Submarket with Strong Fundamentals

Clark County has been a steady job creator since 2011, averaging over 5% growth per year, making it one of the fastest-growing counties in the Pacific Northwest.