Nimbus Center

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10105 SW Nimbus, Tigard , OR 97223
Nimbus Center
The Offering provides the opportunity to acquire the leasehold interest of the Nimbus Center, a 26,755 SF shopping center located on the highly trafficked corner of SW Scholls Ferry Road and SW Nimbus Avenue. The Property benefits from heavy traffic within a commercial hub that features the largest mall in Oregon - Washington Square Mall - with over 1.2M SF of retail space. Nimbus Center is 100% occupied by a mix of local and national tenants and has excellent historical occupancy. It includes leases with Burger King, Gentle Dental, and Express Employment. With more than 30 years of tenancy, Gentle Dental has the longest-standing tenancy at the Property. The Offering provides the opportunity to acquire the leasehold interest in the underlying land. The Seller is the Ground Lessee on a ground lease with 54 years of firm term remaining and two 25-year options to extend the term, and the ability to purchase the land for FMV in 2039; contact CPX for details. A high-density and affluent trade area comprised of more than 350,000 residents with an average household income of over $131,521 within a five-mile radius provides daily draw.
Michael Horwitz
Founding Advisor & Partner (Commercial)
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Kevin Adatto
Managing Partner (Commercial)
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