1701 NW Hawthorne Avenue

    Grants Pass, OR 97526
    • $10,818,894
    • STATUS: Active
    • ON SITE: 346 days
    • ID#: 2989388
    UPDATED: 15 min ago
    $10,818,894
    • 0
      BEDS
    • 2.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 34,446
      SQFT
    • $314
      $/SQFT
    Neighborhood:
    Nw Grants Pass
    Type:
    Commercial
    Built:
    2011
    County:
    Josephine
    Area:
    Nw Grants Pass

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    Listing courtesy of Complete Real Estate Services Inc


    Description

    - Wonderful Investment opportunity for a medical building in Grants Pass. Building is located in IP zoning with medical overlay. This fully leased building was the first LEED certified building in Grants Pass. Building is leased to one tenant with a NNN lease. CAP Rate on this property will increase to 6.12% in 2021, 6.5% in 2023 and 7.1% in 2026, and assuming tenant options, a cap rate of 8% in 2030. MAI appraisal available after signing of NDA. *** Price reduction was made to reflect lease concessions to tenant.---DO NOT DISTURB THE TENANT

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    © 2019 Southern Oregon Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or FORD REAL ESTATE. Data last updated: 2019-04-23T16:07:39.303.
    www.propertyofsouthernoregon.com/homes/83509396

    1701 NW Hawthorne Avenue Grants Pass, OR 97526

    • Price: $10,818,894
    • Status: Active
    • Updated: 15 min ago
    • ID#: 2989388
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.62
    Acres
    34,446
    SQFT
    $314
    $/SQFT
    2011
    Built
    Neighborhood:
    Nw Grants Pass
    County:
    Josephine
    Area:
    Nw Grants Pass
    Property Description
    - Wonderful Investment opportunity for a medical building in Grants Pass. Building is located in IP zoning with medical overlay. This fully leased building was the first LEED certified building in Grants Pass. Building is leased to one tenant with a NNN lease. CAP Rate on this property will increase to 6.12% in 2021, 6.5% in 2023 and 7.1% in 2026, and assuming tenant options, a cap rate of 8% in 2030. MAI appraisal available after signing of NDA. *** Price reduction was made to reflect lease concessions to tenant.---DO NOT DISTURB THE TENANT
    Exterior Features

    Parking Spaces 0

    Property Features

    Association Southern Oregon Multiple Listing Service Commercial Type Commercial Household Water Available Public Lot Measurement Acres Lot Size Source (Assessor) Sewer Public (City) Square Footage Source Assessor Type Of Property Mixed Use Year Remodeled 0 Zoning Ip

    © 2019 Southern Oregon Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or FORD REAL ESTATE. Data last updated: 2019-04-23T16:07:39.303.
     
    FORD REAL ESTATE
    1166 Biddle Rd
    Medford OR, 97504
    Listing courtesy of Complete Real Estate Services Inc