450 Greenwood Ave, Redmond, OR 97756
6,833 SF | Office Building | Redmond, OR 97756 | $1,925,000 ($282/SF) | 6.47% Cap Rate
For Sale
Active
Asking Price $1,925,000
- Property Type
-
Office
- Square Feet
- 6,833 SF
- Price / Square Foot
- $282
Listing Contacts
- Property Info
Property Overview
Presenting a prime investment opportunity at 450 NW Greenwood Ave, Redmond, OR—a single-tenant health care building leased to Proactive Physical Therapy. This 6,833 SF facility is a highly improved physical therapy clinic, featuring an indoor pool and specialized treatment areas. Offering a stable investment with a desirable 6.47% cap rate, the property is located in a central area with excellent visibility and traffic counts of 7,482 AADT (2022) along NW 5th Street. Positioned close to Redmond’s medical district, this building is strategically placed to serve the growing health care needs of the community. With three years remaining on the current lease term, this property provides a secure and attractive opportunity for investors looking to capitalize on the health care sector in a thriving market.
Property Details
- Class
- B
- Year Built
- 2006
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 21,780 SF
Highlights
- Single-tenant health care building in Redmond, OR
- Stable investment opportunity with desirable 6.47% cap rate
- Highly improved physical therapy clinic with indoor pool
- Central location with excellent visibility and traffic counts of 7,482 (AADT 2022) along NW 5th Street
- Close proximity to Redmond’s medical district
- Leased to Proactive Physical Therapy who has three years remaining on the lease term
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