2282 NW Troost St
Roseburg, OR 97471
1/4 Share of Medical Office Building · Office Property For Sale

*UNDER CONTRACT* RMLS list Prime Medical Office Building located on corner of Garden Valley Blvd. and Troost Street. Ideal turnkey setup for health provider wanting to own and occupy. Investors welcome with restricted use to medical tenants only. Spacious lobby/waiting room, reception area, shared restrooms, kitchen/brake room with plenty of on-site, paved parking. Newly partitioned wall separation completed in 2023 to allow for complete privacy from adjacent practice. Well established medical office building located in high traffic count area. Fantastic opportunity to own a multi-million dollar medical office building for a fraction of the price. This multi-tenant building has 4 owners with undivided interests in the common area. Buy this ¼ share which allows you to pay rent to yourself with dividends at the end of the year. Ownership is held in an LLC, each owner pays market rent to the LLC. The monthly payment is $2,672.91. With these collected funds from each owner, the LLC pays the taxes, the building insurance, mortgage, water, sewer, garbage and maintenance of the building and any capital expenses such as: if the Subject Property needed a new roof, exterior painting or paved parking improvements. The ownership LLC would cover these expenses with no out of pocket cost to each of the 4 owners. The residual profit comes back as dividends to each owner at the end of the year. Each owner pays their own internet, phone, alarm and housekeeping for their specific office space. This listing is offered as a cash purchase only. The buyer cannot put a lien on the entire building through a conventional loan. This would put the bank in first position and the 4 owners’ interest on the building loan in second position. There is currently a mortgage on the property that the ownership took out to build the Subject Property. That loan will be paid off in 2024, allowing more profit to be paid back in dividends at the end of the year.