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Hazel Dell Professional Building 7414 NE Hazel Dell Ave 15,000 SF 100% Leased Office Building Vancouver, WA 98665 $3,800,000 ($253.33/SF) 7.50% Cap Rate
Investment Highlights
- Creative office available for immediate full or partial owner occupancy
- Full building interior and exterior access control systems
- Parking lot to be resealed and striped Summer 2026
- Historical long-term home of both Evosus and Centerlogic (Tenants)
- Generous Parking Ratio of 3/1,000SF
Executive Summary
Strategically located in one of Vancouver’s prime submarkets and just minutes from I-5, the asset features a location convenient to all of Vancouver and adjacent to a variety of restaurants and retail destinations. This asset is perfectly positioned for an Owner Occupier to immediately occupy a portion of the asset and phase their occupancy over time while positioning their business and real estate portfolio in a tight Hazel Dell/Salmon Creek Submarket.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1978/2014
Price
$3,800,000
Price Per SF
$253.33
Cap Rate
7.50%
NOI
$285,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Slab To Slab
10’
Building FAR
0.45
Lot Size
0.76 AC
Zoning
CL
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 148307-000 | Improvements Assessment | $1,082,200 |
| Land Assessment | $496,600 | Total Assessment | $1,578,800 |
Property Taxes
Parcel Number
148307-000
Land Assessment
$496,600
Improvements Assessment
$1,082,200
Total Assessment
$1,578,800
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