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5555 NE Elam Young Pky
Hillsboro, OR 97124
Providence Medical Center · Office Property For Sale
Investment Highlights
- The tenant operates on a NNN lease, minimizing landlord responsibilities- the lease includes annual CPI-based rent increases
- The tenant has occupied the space since 2004 and recently exercised a 5-year option, extending firm term through 2029
- An affluent suburb of Portland, Hillsboro’s workforce is made up of predominantly white-collar workers, with average household incomes of over $166k
- Leased to Providence Health System, rated “A3” by Moody’s with $27 billion in annual revenue
- The Property is situated less than a mile from Orenco Station, a 135-acre live-work-play development that has roughly 2,000 residential units already
- Current ownership is open to providing seller financing at terms more favorable than traditional lenders
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
15,250 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Typical Floor Size
15,250 SF
Building FAR
0.35
Lot Size
1.00 AC
Zoning
MFR1, Hillsboro
Property Taxes
| Parcel Number | R2108565 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,018,930 |
Property Taxes
Parcel Number
R2108565
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,018,930
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