Investment Overview

Marcus & Millichap has been selected exclusively to market for sale Hydro Rents by BrandSafway, a 2020 construction single-tenant NNN industrial property located in the rapidly growing Portland/Vancouver MSA. Hydro Rents by BrandSafway signed an early 6-year extension to its lease in 2022 after Spider by BrandSafway also moved its Vancouver operations into this property and the property was renovated to accommodate the additional operations, showing commitment to the site. The Lease features rare 3% annual rent increases, providing an investor a long-term hedge against inflation. The Lease is guaranteed by Hydro Rents Northwest Inc. Hydro Rents by BrandSafway currently operates 9 locations throughout the U.S. and Canada. In 2020, BrandSafway purchased AGF Access Group Inc., the parent company of Hydro Rents, and Hydro Rents was rebranded as Hydro Rents by BrandSafway. BrandSafway delivers access and scaffolding systems, forming and shoring, industrial services and related solutions to more than 30,000 customers in 27 countries, employing over 40,000 employees, and boasts an average Y-O-Y revenue of over $5 billion. The Property is located just off of NE Fourth Plain Blvd (16,900+ VPD), a main east-west arterial through Vancouver, and is nearby I-205 (123,000+ VPD) and SR 500 (74,000+ VPD), providing easy access to any direction or area of the Vancouver/Portland MSA and beyond. The Property is surrounded by over 35 acres of new industrial development within a 2-mile radius, including a new, 290,000 SF warehouse within blocks of the Property. With continuation of new industrial development projects in the Orchards industrial submarket, it is positioned to become one of the top industrial submarkets in all of the Vancouver-Portland MSA, per CoStar.