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1341 Center Dr
Medford, OR 97501
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
50,525 SF
Building Class
B
Year Built
1994
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
4.25 AC
Zoning
C-R
Parking
201 Spaces (4 Spaces per 1,000 SF Leased)
About 1341 CENTER DR , MEDFORD, OR 97501
•Highly successful Tenant Roster with Charter Communications, Planet Fitness and Harbor Freight •Located near the South Medford Interstate 5 interchange •Secure cash flow due to all three tenants being national credit tenants with existing contract and renewal rents at or below market rates •Strong tenant demand demonstrated by new retail development being built nearby •Healthy occupancy cost ratios due to low NNN expenses ($1.77/sf/annum) increasing the financial stability of the property •Opportunity to acquire a highly successful investment below the property’s estimated replacement cost •Excellent on-site parking with cross easements of adjacent retailers parking • 6.5% Capitalization Rate return on the investment
Property Taxes
| Parcel Number | 10831421 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,640,980 |
Property Taxes
Parcel Number
10831421
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,640,980
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