Office
Hazel Dell Professional Building
7414 NE Hazel Dell Ave, Vancouver, WA 98665
Listing Price: $3,800,000
Investment Overview
Marcus & Millichap is pleased to present the Hazel Dell Professional Building, a 15,042 square foot office asset in Vancouver, Washington. Originally built in 1978, the property underwent a comprehensive interior and exterior renovation in 2018 - producing a modern creative office environment with high end finishes and immediate tenant appeal.
The asset is situated on 0.76 acres in the Hazel Dell/Salmon Creek submarket, one of Vancouver's most supply constrained commercial corridors with a vacancy rate of just 1.3%. Long term technology tenants Evosus and Centerlogic have operated from this location for an extended period, validating the buildings desirability.
This offering is ideal for an owner-occupier, private investor, or 1031 exchange buyer seeking a quality asset in a market with rising rents and extremely limited competing supply.
Listing Price: $3,800,000
Investment Highlights
- 1.3% Submarket Vacancy - Among the Tightest Office Markets in SW Washington
- 7.50% Market Cap Rate
- Fully Renovated in 2018
Investment Overview
Marcus & Millichap is pleased to present the Hazel Dell Professional Building, a 15,042 square foot office asset in Vancouver, Washington. Originally built in 1978, the property underwent a comprehensive interior and exterior renovation in 2018 - producing a modern creative office environment with high end finishes and immediate tenant appeal. The asset is situated on 0.76 acres in the Hazel Dell/Salmon Creek submarket, one of Vancouver's most supply constrained commercial corridors with a vacancy rate of just 1.3%. Long term technology tenants Evosus and Centerlogic have operated from this location for an extended period, validating the buildings desirability. This offering is ideal for an owner-occupier, private investor, or 1031 exchange buyer seeking a quality asset in a market with rising rents and extremely limited competing supply.
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