Single-Tenant Medical Office
For Sale
Contact for pricing
150 SE 3rd Ave, Hillsboro, OR 97123
Single-tenant medical office with near-complete recent renovation and 6.5 years remaining on the original lease term.
Property SizeContact for details
Days on Market123
Property Features for 150 SE 3rd Ave
General Information
Standard status
Active
Property subtype
Retail, Office
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews Portland
(503) 724-3540
Listed By:
David Hill · License #OR 871000083
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 9:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Portland
Investment Insights
Based on property information with market context.
This is a single-tenant medical office investment with 6.5 years remaining on the original term of the lease. The lease includes two additional five-year options, with base rent corrections at each option, along with annual escalations and base year operating expense reconciliations.
The property is located in Historic Downtown Hillsboro, characterized by professional services, and sits at the doorstep of the Hillsboro Transit Center. The Transit Center is used by customers, patients, and employees to travel to and from the property by public transportation, car, bike, or foot.
The tenant is Advantage Dental, with a network of over 60 practices, 500 employees, and 1,100 contracted dentists in the state of Oregon. The property has recently undergone near full renovation and is described as a premium build for medical office use.
The property is located in Historic Downtown Hillsboro, characterized by professional services, and sits at the doorstep of the Hillsboro Transit Center. The Transit Center is used by customers, patients, and employees to travel to and from the property by public transportation, car, bike, or foot.
The tenant is Advantage Dental, with a network of over 60 practices, 500 employees, and 1,100 contracted dentists in the state of Oregon. The property has recently undergone near full renovation and is described as a premium build for medical office use.
Key Highlights
- Single‑tenant medical office investment with 6.5 years remaining on the original lease term
- Two 5‑year options available with base rent corrections at each option
- Annual escalations plus base year operating expense reconciliations
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97123, OR
48,369
Population
17,685
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
87%
High-School Grad
55.7 sq mi
ZIP Area
868
Density / Sq Mi
$105,999
Median Household Income
$50,578
Median Earnings
$1,814
Median Rent
$489,100
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office with near-complete recent renovation and 6.5 years remaining on the original lease term.
Where is this medical office space located?
The property is located at 150 SE 3rd Ave Hillsboro, OR.
What are key features of this property?
This property features: Single‑tenant medical office investment with 6.5 years remaining on the original lease term; Two 5‑year options available with base rent corrections at each option; Annual escalations plus base year operating expense reconciliations
