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BSM Surgery Center 1128 NE 2nd St 24,028 SF 100% Leased Office Building Corvallis, OR 97330 $11,000,000 ($457.80/SF) 7.35% Cap Rate



INVESTMENT HIGHLIGHTS
- Recession-Resistant Market: college-driven economy, sub-4% unemployment, above-average household incomes
- 24,028 SF Total Rentable Area with 11,687 SF ASC footprint (48% of GLA)
- Strong Academic Referral Base from Oregon State University’s athletics and student-faculty population
EXECUTIVE SUMMARY
Zeustra Healthcare Real Estate is pleased to present an institutional-quality investment in Corvallis, Oregon. This purpose-built 24,028 SF ambulatory surgery center and medical office facility sits just minutes from Oregon State University’s 32,000-student campus, fostering a reliable referral pipeline from collegiate athletics, faculty and surrounding high schools. Anchored by a Joint Commission–accredited surgery center covering 48% of rentable area and two established physician groups with over a decade of community tenure, the property delivers stable cash flow through majority triple-net leases, annual rent escalations and minimal landlord responsibilities.
Located in one of the Pacific Northwest’s most recession-resistant, education-driven markets, the asset benefits from Corvallis’s sub-4% unemployment rate, above-average household incomes and an aging-and-academic population tailwind. With seamless access to I-5, strong regional healthcare network and accelerating outpatient surgery trends, this is an ideal opportunity for investors seeking durable, inflation-protected income and mission-critical tenancy.
Located in one of the Pacific Northwest’s most recession-resistant, education-driven markets, the asset benefits from Corvallis’s sub-4% unemployment rate, above-average household incomes and an aging-and-academic population tailwind. With seamless access to I-5, strong regional healthcare network and accelerating outpatient surgery trends, this is an ideal opportunity for investors seeking durable, inflation-protected income and mission-critical tenancy.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Building Size
24,028 SF
Building Class
B
Year Built
1998
Price
$11,000,000
Price Per SF
$457.80
Cap Rate
7.35%
NOI
$808,354
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,014 SF
Building FAR
0.56
Lot Size
0.98 AC
Opportunity Zone
Yes
Zoning
PD(P-AO) - flexible zoning designation that allows for a mix of uses (e.g., commercial, residential, institutional) under a unified development plan.
Parking
70 Spaces (2.91 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 400862 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,807,386 |
PROPERTY TAXES
Parcel Number
400862
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,807,386
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BSM Surgery Center | 1128 NE 2nd St
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