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Bldg 1 1200 NE 48th Ave 23,654 SF 100% Leased Office Building Hillsboro, OR 97124 $10,300,000 ($435.44/SF) 6.25% Cap Rate
Investment Highlights
- Institutional-quality tenant with 20+ year operating history in building
- Prime Hillsboro medical district location with sustained and growing healthcare demand
- Opportunity for stable, long-term cash flow in a proven medical market
- Freshly executed 10-year NNN lease structure minimizes ownership responsibilities
- Benefits from Washington County's continued population and economic growth
Executive Summary
Prime Hillsboro Medical Investment Opportunity
Single Tenant NNN Lease
Sale Price: $10,300,000 ($435/SF)
CAP Rate: 6.25%
NOI: $643,706
Annual Rent Increases: 3%
Lot Size: 2.14 AC
Building Size: 23,654 SF (Rentable)
Parking Spaces: 85 surface
Single Tenant NNN Lease
Sale Price: $10,300,000 ($435/SF)
CAP Rate: 6.25%
NOI: $643,706
Annual Rent Increases: 3%
Lot Size: 2.14 AC
Building Size: 23,654 SF (Rentable)
Parking Spaces: 85 surface
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
23,654 SF
Building Class
B
Year Built
1990
Price
$10,300,000
Price Per SF
$435.44
Cap Rate
6.25%
NOI
$643,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,654 SF
Building FAR
0.25
Lot Size
2.14 AC
Zoning
I-P
Parking
85 Spaces (3.59 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tuality HealthPlace
- Health Care and Social Assistance
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tuality HealthPlace | Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R2001841 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $353,670 |
Property Taxes
Parcel Number
R2001841
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$353,670
Contacts
-
Nicholas Diamond -
Jeffrey Falconer -
Riley Henderson -
Kylie Culver -
Capacity Commercial Group LLC
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Bldg 1 | 1200 NE 48th Ave
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