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Cornerstone Court 1055 S Highway 395 16,880 SF 91% Leased Retail Building Hermiston, OR 97838 $1,950,000 ($115.52/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Location with High Visibility
- Diverse, Quality Tenant Mix
- HWY 395 Frontage - 14,000+ ADT
- Pylon Signage with Digital Reader board
EXECUTIVE SUMMARY
Leased multi-tenant investment property now available for sale. Cornerstone Court has a long-standing history of diverse, quality tenants. The property is situated on 1.34 acres with prime frontage along Hermiston's Hwy 395 commercial corridor. The building has been well maintained and is in excellent condition with recent updates to the HVAC (2023), Roof (2024) and Exterior Paint (2025). This property offers a variety of suite sizes and layouts and provides a reliable income stream with future rent escalations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,880 SF
Building Class
B
Year Built
1998
Price
$1,950,000
Price Per SF
$115.52
Cap Rate
6.75%
NOI
$131,650
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
1.34 AC
Zoning
C-2
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 154555 | Improvements Assessment | $980,730 |
| Land Assessment | $467,630 | Total Assessment | $1,448,360 |
PROPERTY TAXES
Parcel Number
154555
Land Assessment
$467,630
Improvements Assessment
$980,730
Total Assessment
$1,448,360
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Cornerstone Court | 1055 S Highway 395
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