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1300 Center 1300 6th St 7,600 SF 100% Leased Retail Building Umatilla, OR 97882 $1,200,000 ($157.89/SF) 6.75% Cap Rate
Investment Highlights
- Heavy daytime traffic
- Fully rented from beauty shops, car audios to professional services
Executive Summary
Property is fully leased. Leases have escalation clause and/or will go up in January. Sale is subject to tenants rights. Great tenants!! All units have been updated. Fresh paint on outside. Property is in 3 tax lots.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,600 SF
Building Class
C
Year Built/Renovated
1979/2023
Price
$1,200,000
Price Per SF
$157.89
Cap Rate
6.75%
NOI
$80,965
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.51 AC
Zoning
C-3
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $303,240 | |
| Land Assessment | $62,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $241,140 | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$62,100
Improvements Assessment
$241,140
Total Assessment
$303,240
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Clark Jennings & Asso. OR, LLC
1300 Center | 1300 6th St
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