Port of Vancouver USA Board of Commissioners Meeting Agenda October 28, 2025
Port Extends Long-Term Lease with Subaru of America
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Description
The Port of Vancouver USA Board is asked to approve a Fifth Amendment to its lease with Subaru of America, Inc., extending the term through December 31, 2040 and expanding the premises to 43 acres. The amendment is valued at approximately $10.2 million over the 10-year extension, plus leasehold excise tax and stormwater fees, and includes development of 3 additional acres for vehicle staging and truck loadout.
Contract Details
Contract Amount
approximately $10,201,600.00 plus leasehold excise tax and stormwater fees
Vendor
SUBARU OF AMERICA INC
Agency
Port Of Vancouver, WA
Contract Type
FACILITIES
Document Date
October 28, 2025
Contract Term
Lease extension through December 31, 2040 (10-year extension term, final two option terms)
Renewal Date
2040-12-31
Renewal Info
Fifth Amendment exercises the final two remaining option terms, extending the lease through December 31, 2040; no further options to extend remain.
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