1060-1070 W Elm Ave
Hermiston, OR 97838
Office Property For Sale

PROPERTY HIGHLIGHTS: - Medical Real Estate—Medical properties are extremely sought-after investments as they provide services that are recession and e-commerce proof. - Investment in Site – Tenant put over $800K in improvements into the property over the past year, confirming their commitment to the location. - Competitively Price – Rare opportunity to acquire a NNN Medical asset in Oregon for a 9% Cap rate. LOCATION HIGHLIGHTS: - Strategically Located – Located in the Columbia Plaza Surgery Center, directly across from the Good Shepard Health Care System, providing great synergy with other healthcare tenants in the area. - Developing Area: In the area surrounding the property there are 3 local college campuses, Eastern Oregon University, Oregon State University Hermiston, and Blue Mountain Community Hospital, as well as 19 schools. INDUSTRY & TENANT HIGHLIGHTS: - Growing Sector of Healthcare – The eye surgery market is set to continue impressive growth. In fact, the market is predicted to grow at a rate of 6.7% compound annual growth rate between 2016 and 2022. The number of eye surgeries in the United States was approximately 596,000 in 2015. This number is expected to increase to almost 720 thousand by 2020. - Range of Treatment Options – Lifestyle Eye Center offers treatments for glaucoma, cataracts, corneal conditions, dry eye and other eye problems. They offer several new, state-of-the-art treatments including a minimally invasive glaucoma surgery that reduces the chance of complications. The providers have access to a surgery center in the suite next door, creating great tenant synergy.