116 SE D St - Medical FOR SALE


Madras, OR 97741
$750,000 USD
541-325-2027
116 SE D St, Madras, OR for Sale
$750,000 USD
Medical - FOR SALE
1/11
null | 6% Cap Rate

116 SE D St
Madras, OR 97741


HIGHLIGHTS

  • Fully renovated professional office property
  • Long term regional tenant with strong rental history
  • Well located property with off-street parking
  • Beautifully updated in 2022 and nicely maintained
  • Vital property for tenant’s regional operation
  • NNN lease thru Oct., 2034, with annual 3% escalators

OVERVIEW

Single tenant net leased office investment property with long term regional tenant for sale. Exceptional net leased investment property in Central Oregon! 116 SE D Street was built in 1979 and served as a multi-tenant investment for decades. It was purchased in 2021 by a statewide mental health practitioner at which time it underwent significant improvements to have it be a location exclusively for this operator. This business recently elected to close this location and then leased the property to BestCare Treatment Centers. BestCare is a non-profit organization that was created in 1979 as the result of collaboration between local hospitals, city and county governments, and regional mental health practitioners. Today, BestCare operates in multiple cities with numerous locations throughout central and southern Oregon, helping patients with substance abuse and other challenges who use Oregon state health plans, private insurance, and direct pay for services.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Central Oregon Net Leased Investment

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C-2

APN/PARCEL ID

111312-BB-04400

ASK ABOUT THIS PROPERTY

Ken StreaterAligned Commercial Real EstateMore Info
541-325-2027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ken StreaterAligned Commercial Real EstateMore Info
541-325-2027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.