Hazel Dell Professional Building — Sale in Vancouver, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Vancouver, WA 98665
  • Year built: 1978

Photos

Hazel Dell Professional Building — Sale in Vancouver, WA, photo 1 of 2
Hazel Dell Professional Building — Sale in Vancouver, WA, photo 2 of 2

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • 1.3% Submarket Vacancy - Among the Tightest Office Markets in SW Washington • 7.50% Market Cap Rate • Fully Renovated in 2018

Market Context

This office in Vancouver, WA is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1978. Compare it against other office listings for sale in Vancouver, WA — view the full market.

As of Q2 2026, the Portland office market showed average asking rents near $32.70/SF/yr. Source: multiple brokerage reports, Q2 2026.

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