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RCC downtown 117 S Central Ave 39,435 SF 100% Leased Office Building Medford, OR 97501 $3,490,000 ($88.50/SF) 10.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Federal Opportunity Zone
- Corner location, high visibility and high traffic counts
- possible redevelopment candidate
EXECUTIVE SUMMARY
Well maintained building with office or retail uses in the Federal Opportunity Zone. Possible redevelopment project. Full seismic upgrade. 2 Stories plus a full basement and a mezzanine. Poured in place concrete construction with stucco with wood beam roof and a built up roof covering. Currently configured as a instructional facility.
FINANCIAL SUMMARY (PRO FORMA - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$360,000
|
$9.13
|
FINANCIAL SUMMARY (PRO FORMA - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $360,000 |
| Annual Per SF | $9.13 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
39,435 SF
Building Class
B
Year Built/Renovated
1928/2002
Price
$3,490,000
Price Per SF
$88.50
Cap Rate
10.32%
NOI
$360,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,145 SF
Building FAR
3.12
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
CC - community commercial zoning. Central Business District overlay. Also in Federal Opportunity Zone.
Parking
50 Spaces (1.27 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Security System
- Basement
- Central Heating
- Partitioned Offices
- Secure Storage
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 10370167 | Improvements Assessment | $5,725,530 (2026) |
| Land Assessment | $414,280 (2026) | Total Assessment | $6,139,810 (2026) |
PROPERTY TAXES
Parcel Number
10370167
Land Assessment
$414,280 (2026)
Improvements Assessment
$5,725,530 (2026)
Total Assessment
$6,139,810 (2026)
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RCC downtown | 117 S Central Ave
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