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Harrison Place 405-435 NW 5th 12,283 SF 100% Leased Office Building Corvallis, OR 97330 $3,445,000 ($280.47/SF) 6.69% Cap Rate
Investment Highlights
- 100% Leased
- Main arterial street accessing downtown
Executive Summary
100% Leased multi-tenant office complex. Situated on half a city block subject to a long term land lease
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,283 SF
Building Class
B
Year Built
2000
Price
$3,445,000
Price Per SF
$280.47
Cap Rate
6.69%
NOI
$230,342
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,142 SF
Building FAR
0.41
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
CMU - Community Mixed Use
Parking
32 Spaces (2.61 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,053,199 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,053,199
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Harrison Place | 405-435 NW 5th
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