Harvard Medical Park 1813 W Harvard Ave 94,855 SF 75% Leased Office Building Roseburg, OR 97471 $13,900,000 ($146.54/SF) 9.70% Cap Rate

The offering provides the opportunity to acquire the Harvard Medical Park, a 85% occupied medical office park located in Roseburg, Oregon. The Property features a strong tenant mix with approximately 88% of current occupancy leased to medical providers and about 12% leased to related medical administrative tenants. Long historical occupancy from anchor tenants like Mercy Medical Center, Advanced Skin Center, and ABCT, Inc reflect tenant commitment in a market with under 1M SF of medical office space and no new medical office space under construction. New leases from Evergreen Health and Roseburg Foot & Ankle further highlight the tight medical office market in Roseburg where the vacancy rate is sub 5%. Harvard Medical Park is well located in the Roseburg market, two miles south of CHI Mercy Medical Hospital and with immediate access to the I-5 freeway. Current vacancies and below-market rents near term expiration provide an investor significant upside to increase cash flow immediately. In a market with low medical office vacancy, the offering provides a true value-add opportunity to investors.
The ownership group is offering seller financing terms to qualified investors in the form of interest only or principal and interest payments, providing an investor a cash-on-cash return north of 12% in either scenario.