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Park Place 1845 Highway 126 12,010 SF Vacant Office Building Florence, OR 97439 $375,000 ($31.22/SF)

EXECUTIVE SUMMARY
Business complex in excellent location. Partially leased. Distressed Sale, property in need of repairs with some systems, finishes and/or fixtures nearing or at the end of their useful life. All offers must be 100% “as-is”, with all personal property and debris to be disposed of by buyer after closing. All offers subject to 3rd party court approval. Absolutely No Financial information is available, No rental agreements, No P&L, No Rent Roll. Cash Offers only at or above full price with limited to waived DD, will be considered. No interior access, drive by only. Buyer to accept all tenants and any on site management at closing with no rental agreements or estopple certs.
Back up Offers welcome: In order for your offer to be considered please include the following terms and conditions: •Purchase price at Full Price•All Cash with attached Proof of funds•Phrasing that states buyer accepts property in 100% “as-is” condition with all defects known and unknown. •Waived or limited due diligence and DD periods maximum 10 days•Buyer understand that no interior access will be granted during an inspection period•Buyers accepts all tenants, on site staff, and live in management if applicable at closing.•Buyer understands that no rental agreements or financial documentation of any kind is available. •Buyer understands that no deposits or prorated rents will be transferred at closing •Also include the attached addendum confirming the offer is subject to 3rd party approval•Shall be subject to overbid by third parties following a motion for approval of sale filed by Seller in the Bankruptcy Action. •Property will be conveyed with a “Trustee Deed
Back up Offers welcome: In order for your offer to be considered please include the following terms and conditions: •Purchase price at Full Price•All Cash with attached Proof of funds•Phrasing that states buyer accepts property in 100% “as-is” condition with all defects known and unknown. •Waived or limited due diligence and DD periods maximum 10 days•Buyer understand that no interior access will be granted during an inspection period•Buyers accepts all tenants, on site staff, and live in management if applicable at closing.•Buyer understands that no rental agreements or financial documentation of any kind is available. •Buyer understands that no deposits or prorated rents will be transferred at closing •Also include the attached addendum confirming the offer is subject to 3rd party approval•Shall be subject to overbid by third parties following a motion for approval of sale filed by Seller in the Bankruptcy Action. •Property will be conveyed with a “Trustee Deed
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
12,010 SF
Building Class
B
Year Built
1965
Price
$375,000
Price Per SF
$31.22
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,010 SF
Building FAR
0.25
Lot Size
1.09 AC
Zoning
C - General Commercial
Parking
35 Spaces (9.3 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 0794725 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $497,046 |
PROPERTY TAXES
Parcel Number
0794725
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$497,046
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Park Place | 1845 Highway 126
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