435 Evans St, Mcminnville, OR 97128
14,638 SF | 100% Leased | Office Building | Mcminnville, OR 97128 | $5,000,000 ($342/SF) | 4.48% Cap Rate
For Sale
Active
Asking Price $5,000,000
- Property Type
-
Office
- Square Feet
- 14,638 SF
- Price / Square Foot
- $342
Listing Contacts
- Property Info
Property Overview
*Low Vacancy, full triple net multi-suite office building.
*Fully rebuilt before they opened on 1-1-2017 from the studs out with all new systems.
*This building has low maintenance costs which are fully absorbed by the tenants.
*The property is leased under market value with primary tenancies producing tax exempt rent.
*Average remaining lease length is 3.5 years with most having 60 month options.
*The property is estimated to produce $18,659 of net income per month, across 12 suites.
*Leases range from $1.07/SF to $1.60/SF.
*Currently priced at a true cap rate of 4.48%.
*Email [email protected] to sign a non-disclosure form and then receive additional information.
*Call Bradley King to schedule a walk around the building, but not inside the offices. PLEASE RESPECT TENANTS PRIVACY.
*Write all offers to include inside office walk-through within 10 business days of accepted offer. Send all offers to both [email protected] and [email protected].
* Preferred escrow is Zach Bay at Stewart Title in Lake Oswego.
*Fully rebuilt before they opened on 1-1-2017 from the studs out with all new systems.
*This building has low maintenance costs which are fully absorbed by the tenants.
*The property is leased under market value with primary tenancies producing tax exempt rent.
*Average remaining lease length is 3.5 years with most having 60 month options.
*The property is estimated to produce $18,659 of net income per month, across 12 suites.
*Leases range from $1.07/SF to $1.60/SF.
*Currently priced at a true cap rate of 4.48%.
*Email [email protected] to sign a non-disclosure form and then receive additional information.
*Call Bradley King to schedule a walk around the building, but not inside the offices. PLEASE RESPECT TENANTS PRIVACY.
*Write all offers to include inside office walk-through within 10 business days of accepted offer. Send all offers to both [email protected] and [email protected].
* Preferred escrow is Zach Bay at Stewart Title in Lake Oswego.
Property Details
- Class
- B
- Year Built/Renovated
- 1945/2017
- Stories
- 3
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 12,197 SF
Highlights
- *Freshly reconstructed
- *Clean NNN Investment
- *Prominent Location
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