1245 NW 4th St
Redmond, OR 97756
Fourth Street Medical Center · Office Property For Sale

SVN is pleased to offer for sale the Fourth Street Medical Center (subject property), a 12,240-square foot, two-story medical office building situated on a 29,621-square foot lot. Built in 2006, the subject is well maintained and in excellent condition. It enjoys easy access, ample parking and outstanding visibility.The subject property is 100 percent occupied and is offered at an attractive 6.57 percent cap rate on in-place income. The Fourth Street Medical Center is located on Fourth Street, across the street from Saint Charles Medical Center, in the heart of the upcoming medical district.The new medical district is part of Redmonds urban renewal plan, a strategy for developing 78 acres around Saint Charles Redmond into a higher quality location that could transform the area into a second city center.Positioned immediately adjacent to Saint Charles Medical Center, the subject property offers an investor a rare opportunity to acquire an extremely well-located medical office building.