Listed by Capacity Commercial Group
$9,210,824
First Tech Federal Credit Union & Hillsboro Medical Building
Details
Property Type Retail, Office
Sub Type Bank, Medical Office
Cap Rate 6.50%
NOI $598,704
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $500
Class B
Buildings 2
Lot Size (SqFt) 30,492 - 41,818
Parking Spaces 81 spaces
Investment Type Net Lease
Ground Lease No
NEW TO MARKET | First Tech Federal Credit Union & Four-Tenant NNN Medical Building
Marketing description
Building A
5860 NE Cornell Road, Hillsboro, OR
Tenant Roster: First Tech Federal Credit Union
Building Size: 6,293 SF
Lot Size: 30,492 SF
Drive Thru Lanes: 3
Parking Spaces: 38
Building B
5880 NE Cornell Road, Hillsboro, OR
Tenant Roster: Grapevine Women's Health, Cornell Dental,
Northwest Eye Care, South Hillsboro Family Dentistry
Building Size: 12,120 SF
Lot Size: 41,818 SF
Parking Spaces: 43
Investment highlights
- Two high-quality commercial assets totaling 18,413 square feet
- Long-term, established tenancy
- Strong in-place cash flow
- Weighted Average Lease Term (WALT): 5.34 years
- Opportunity to increase rents as two smaller tenant leases expire within the next 1-2.25 years
- Professionally maintained with exceptional ownership stewardship
- Located within a dense residential population and major corporate employment hub
- Excellent access to Highway 26 and the greater Silicon Forest employment corridor
- Prime retail frontage on Cornell Rd with full left and right turn access for ingress and egress, as well as immediate access from adjacent traffic light at NE Elam Young Parkway
Listing Contacts
Listed by Capacity Commercial Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$598,704.00
$49,892.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Brokerage Address
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
