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900 Fir Street - Medical Arts Plaza, Longview, WA

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DetailMap
900 Fir Street - Medical Arts Plaza

Longview, WA 98632-2544 - Cowlitz County Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:1978
Stories:1 Typical Floor:10,107 SF Building Size:20,214 SF
Smallest Space:9,000 SF Largest Space:18,000 SF Total Space Avail:18,000 SF Rent/SF/Yr:
$12.00
Parking:Free Surface spaces are available; Ratio of 1.48/1,000 SF Amenities:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
9,000 SF
$12.00/SF/Yr
Vacant
1-5 yrs
Office
 1st
9,000 SF
$12.00/SF/Yr
Vacant
Negotiable
Office
 
5063814
5063876


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
9,000 SF
$12.00/SF/Yr
Vacant
1-5 yrs
Office
1st
9,000 SF
$12.00/SF/Yr
Vacant
Negotiable
Office
Great turn-around opportunity as entire complex is currently 16% leased
Buildings in the complex were constructed between 1967-1981
Parking for the complex is at a ratio of 6.53/1000
Buildings sit upon excess land which can be developed
Located in the town of Longview which is near I-5 and approximately one hour from Portland
Expenses
Real Estate Taxes(based on the offering price): $44,973
Insurance: $10,040
Common Area Expenses: $33,466
Management: $30,203
Maintenance & Repair: $24,162
Replacement Reserves: $12,081

Proforma Analysis of Complex
Effective Gross Income: $604,061
Total Expenses: $148,613
Net Operating Income: $455,448
Cap Rate: 13.01%



Rodman Realty
Don H Rodman
(360) 425-3700 x204



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