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5575 SE Alexander St 22,750 SF 100% Leased Industrial Building Hillsboro, OR 97123 $4,600,000 ($202.20/SF)
Investment Highlights
- 12,000 SF available for immediate owner-occupancy with expansion potential.
- Located with direct access to Tualatin Valley Highway and major arterials.
- Four grade-level loading doors support efficient logistics and operations
- Existing rental income from two established tenants for cash flow stability.
- Recent upgrades include new office finishes, windows, and parking lot paving.
- Low-vacancy industrial submarket ensures strong long-term market positioning.
Executive Summary
5575 SE Alexander Street in Hillsboro presents a rare owner-user opportunity with supplemental income from in-place tenants. This 23,000 SF industrial facility sits on 1.87 acres within an established industrial park, offering flexible space with approximately 12,000 SF available for occupancy and 11,000 SF leased to strong tenants. The property features a concrete wainscot metal building design, four grade-level doors, and a functional combination of warehouse and office space. Located near Tualatin Valley Highway with immediate access to major amenities and transit corridors, this asset provides excellent connectivity for distribution and operations. Recent improvements include new office finishes, window upgrades, and parking lot resurfacing. Positioned in a low-vacancy Hillsboro submarket, this property gives buyers the ability to occupy space now, capture existing rental revenue, and plan for future expansion as leases roll, creating both operational flexibility and long-term investment security.
Property Facts
| Price | $4,600,000 | Rentable Building Area | 22,750 SF |
| Price Per SF | $202.20 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1997 |
| Property Type | Industrial | Parking Ratio | 2.73/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 1.87 AC | ||
| Zoning | PUD M-P | ||
| Price | $4,600,000 |
| Price Per SF | $202.20 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.87 AC |
| Rentable Building Area | 22,750 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Parking Ratio | 2.73/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | PUD M-P |
Amenities
- Bus Line
- Signage
Utilities
- Water - City
- Sewer - City
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R1430491 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,845,520 |
Property Taxes
Parcel Number
R1430491
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,845,520
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5575 SE Alexander St
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