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Remodeled Fenced Industrial Building
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163 SW Freeman Ave, Hillsboro, OR 97123

Updated industrial facility with unit-level HVAC, gated access, and extensive security infrastructure.

Property Size23,000 SF
Price / SF$434.78
Days on Market173

Property Features for 163 SW Freeman Ave

General Information

Standard status Active
Size 23,000 SF
Total Parking Spaces 50
Property subtype Industrial
Occupancy 100%
Lease Type NNN
Investment Type Owner/User
Net Operating Income $250,000

Additional Details

Fenced Yard Yes

Amenities

Security cameras
DVR Security system

Building Details

Year Built 1980
Year Renovated 2026
Buildings 2
Stories 2
Units 5
Tenancy Multi
Building Size 23,000 SF
Listing Agency: L2B Group
Listed By: Leanne Lewis · License #OR
Source: Crexi
Added: Mar 12 Changed: Aug 30 Last Checked: Aug 30 at 7:50AM

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 L2B Group

Investment Insights

Based on property information with market context.

This 23,000-square-foot industrial building in Hillsboro, Oregon, was built in 1980 and has undergone a comprehensive remodel. Each unit is equipped with HVAC, while the interior and exterior have been newly painted. New asphalt extends around the entire building, supporting access across the property.

The site is fully enclosed and secured by a heavy-duty powered front gate. Security improvements include 15 cameras and a DVR-based monitoring system. Located at 163 SW Freeman Ave, the property combines updated building systems with controlled site access and substantial security infrastructure.

Key Highlights

  • 23,000‑square‑foot industrial building
  • Comprehensively remodeled with HVAC in each unit
  • New asphalt installed around the entire building

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Carpet & Flooring Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic Travel Agency Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

879
Businesses Nearby

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 Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Updated industrial facility with unit-level HVAC, gated access, and extensive security infrastructure.
Where is this industrial property located?
The property is located at 163 SW Freeman Ave Hillsboro, OR.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 23,000‑square‑foot industrial building; Comprehensively remodeled with HVAC in each unit; New asphalt installed around the entire building
More about this property
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