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Columbia Crest Professional Center 1935 E 19th St 21,600 SF 100% Leased Office Building The Dalles, OR 97058 $5,600,000 ($259.26/SF) 10.65% Cap Rate
Executive Summary
An upcoming vacancy will reduce NOI to $352,158 until filled, lowering the cap rate to 6.3%.
The upcoming vacancy consists of two spaces: a 5,337sf fully built out medical clinic, and a 2,039 space currently configured as general office but with in-wall plumbing for medical.
A 3,567 space was recently leased as-is for $27.25/sf NNN, and a newly built out 6,187 space for $32.96/sf NNN, both for 10 years with 3% annual increases. The third remaining tenant is a 4,470 pediatric dental clinic leased through 2033, currently at $23.62/sf (2.5% annual increases).
Motivated seller.
The upcoming vacancy consists of two spaces: a 5,337sf fully built out medical clinic, and a 2,039 space currently configured as general office but with in-wall plumbing for medical.
A 3,567 space was recently leased as-is for $27.25/sf NNN, and a newly built out 6,187 space for $32.96/sf NNN, both for 10 years with 3% annual increases. The third remaining tenant is a 4,470 pediatric dental clinic leased through 2033, currently at $23.62/sf (2.5% annual increases).
Motivated seller.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
21,600 SF
Building Class
B
Year Built
2009
Price
$5,600,000
Price Per SF
$259.26
Cap Rate
10.65%
NOI
$596,174
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,800 SF
Building FAR
1.21
Lot Size
0.41 AC
Zoning
RL
Parking
46 Spaces (1.53 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 2,081 SF
- Office
- Full Build-Out
- Now
- 1st Floor
- 5,458 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,081 SF | Office | Full Build-Out | Now |
| 1st Floor | 5,458 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,081 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 5,458 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1N 13E 11 BA 4900 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,918,771 |
Property Taxes
Parcel Number
1N 13E 11 BA 4900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,918,771
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Eric Breon
Columbia Crest Professional Center | 1935 E 19th St
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