3811 Crater Lake Hwy, Medford, OR 97504

8,919 SF | 100% Leased | Industrial Building | Medford, OR 97504 | $2,100,000 ($235/SF) | 6.53% Cap Rate

Asking Price $2,100,000

Property Type: Industrial, Retail
Price / Square Foot: $235

Listing Contacts

Garrett Zoller

Verified Profile

Property Info

Property Overview

This highly visible Mixed-Use Flex Industrial Property is fully leased with long-term tenants, and fronts a high-traffic area of Highway 62 in a location of expansion growth, and development. The property comprises one dividable tax lot across 2.09 acres, with 3 distinct structures.
The main structure is comprised of approximately 6,469 SF with 2 distinct units.
UNIT ONE; is 100% finished office space, leased to a real estate office, that is also owned by the seller of the property. So seller/Lessee of Real Estate Office space is flexible on continued leaseback or terms to move out, depending on buyer preference.
UNIT TWO is leased to an automotive shop, with about 30% office space.
The second structure is a ± 2,318 SF shop built in 2014, that occupies the northwest corner of the property on a ground lease.
The owner of the 2,318 SF building is the seller's Brother and is also flexible and qualified to share costs in dividing the property to purchase the back portion, or consider a longer-term leaseback, or vacate; depending on buyer preference.
NOTE: The ± 2,318 SF shop and building income of $36K per year are included at listed price and NOI.
Third, and directly fronting Crater Lake Hwy, is a ± 132 SF Dutch Bros drive-through coffee stand on a ground lease.
Annual Gross Rental property income is $162,727.50.
Southern adjoining .81 acre lot also available for sale by another Broker if more land is needed.

Property Details

Class: B
Year Built: 1958
Stories: 2
Property Subtype: Distribution, Vehicle Related, Storefront Retail/Office
Lot Size (sq. ft): 91,040 SF

Highlights

Majority of Tenancy is long term Seller/Owner who is flexable on leaseback, vacating, longer term lease and/or purchasing back half of parcel
Additional land available / Acreage is also dividable
High traffic exposure in area of vast development
Mixed Use Flex w/Dutch Brothers Drive Thru
Corner lot, multi ingress/egress, with no center median easy access & exit

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