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450 NW Greenwood Ave
Redmond, OR 97756
Single-Tenant Investment Opportunity · Office Property For Sale

Investment Highlights

  • 6,833 SF single-tenant health care building in Redmond, OR
  • Highly improved physical therapy clinic with indoor pool
  • Close proximity to Redmond’s medical district
  • Stable investment opportunity with desirable 6.68% cap rate
  • Central location with excellent visibility and traffic counts of 7,482 (AADT 2022) along NW 5th Street
  • Leased to Proactive Physical Therapy who has three years remaining on the lease term

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
6,833 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,793 SF
Building FAR
0.31
Lot Size
0.50 AC
Zoning
C2 - Central Business District
Parking
26 Spaces (3.81 Spaces per 1,000 SF Leased)

Amenities

  • Fitness Center
  • Signage
  • Central Heating
  • High Ceilings
  • Natural Light
  • Open-Plan
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
246088
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$850,060
  • Listing ID: 32985394

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 450 NW Greenwood Ave, Redmond, OR 97756

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