Log In/Sign Up
Your email has been sent.
81 Freeman Ct 3,984 SF 100% Leased Office Building Central Point, OR 97502 $875,000 ($219.63/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Nearly 4000 sqft standalone professional office building with 20 parking spaces on large .57 acre lot. Initially being offered for owner operator buyers OR investment property at a generous 6.5% cap rate with existing long term tenant who is ready to sign a five year lease extension. True NNN lease, tenant pays for all maintenance, insurance and taxes. Tenant has made upgrades and improvements to bathrooms and extensive HVAC upgrades. Current tenant operates as a preschool with several years at location and would like to stay. Fantastic location just off of I-5 adjacent to Mountain View Plaza, Central Point's most popular shopping center featuring restaurants, retail stores and anchored by Albertsons and Furniture Row. Whether you're looking for a new location for your existing business or your next 1031 tax exchange investment, this commercial building and property offers an exceptional opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,984 SF
Building Class
C
Year Built
2002
Price
$875,000
Price Per SF
$219.63
Cap Rate
6.50%
NOI
$56,875
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,984 SF
Building FAR
0.46
Lot Size
0.20 AC
Zoning
C-4
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 10134465 | Improvements Assessment | $545,430 |
| Land Assessment | $285,570 | Total Assessment | $831,000 |
PROPERTY TAXES
Parcel Number
10134465
Land Assessment
$285,570
Improvements Assessment
$545,430
Total Assessment
$831,000
CONTACT
-
Jake Rockwell -
Rockwell Group | eXp Realty, LLC
1 of 38
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
81 Freeman Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.