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411 Pacific Ave 2,641 SF Office Building Tillamook, OR 97141 $879,000 ($332.83/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent location on Hwy 101 with high visibility
- Approx. 0.43 acres land
- On-site parking for tenant and visitors
- Approx. 2,641 SF office building
- Fully leased to State of Oregon Employment Department
- Well-maintained former bank building;
EXECUTIVE SUMMARY
This approx. 2,641 SF former bank building has been converted for single-tenant office use and is prominently located on Hwy 101, ensuring excellent exposure. The property is
fully leased to the State of Oregon, offering stable long-term income. This is a turnkey investment opportunity with a reliable government tenant in place. Professional management company in place and interested in continuing their services. Contact us today for more details!
fully leased to the State of Oregon, offering stable long-term income. This is a turnkey investment opportunity with a reliable government tenant in place. Professional management company in place and interested in continuing their services. Contact us today for more details!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
2,641 SF
Building Class
B
Year Built/Renovated
1987/2023
Price
$879,000
Price Per SF
$332.83
Cap Rate
6.85%
NOI
$60,187
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,641 SF
Building FAR
0.14
Lot Size
0.43 AC
Zoning
TM-C-C - Central Corridor Commercial
Parking
18 Spaces (6.82 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Storage Space
- High Ceilings
- Natural Light
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The State of Oregon Employment Department is responsible for unemployment insurance and employment services, supports Oregon's workforce and economy by providing unemployment benefits, workforce development, and labor market information, with a mission to help Oregonians and businesses realize their full potential.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | R0107075 | Total Assessment | $588,420 |
| Land Assessment | $169,030 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $419,390 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
R0107075
Land Assessment
$169,030
Improvements Assessment
$419,390
Total Assessment
$588,420
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
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411 Pacific Ave
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