435 Ne Evans St
Mcminnville,
OR
97128
Property Details
List Price: |
$5,000,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
17000 |
Agency: |
Keller Williams Realty Portland Premiere |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1945 |
Notes: |
Low vacancy, full triple net multi-suite office building. Fully rebuilt (before they opened 1-1-2017) from the studs with all new systems. This building has low maintenance costs which are fully absorbed by the tenants.The property is leased under market value with primary tenancies producing tax exempt rent. Average remaining lease length is 3.5 years with several having 60 month options. The property is estimated to produce $18,659 of net income per month, across 12 suites. Leases range from $1.07/SF to $1.60/SF. The building is currently priced at a true cap rate of 4.48% |
MlsNumber: |
23225891 |
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Listing Provided By: |
Keller Williams Realty Portland Premiere, original listing |
Name: |
Keller Williams Realty Portland Premiere |
Phone: |
(503) 880-4905 |
Office Name: |
Keller Williams Realty Portland Premiere |
Office Phone: |
(503) 597-2444 |
Agent Name: |
Bradley King |
Disclaimer: |
Copyright © 2024 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |