119 SW 7th St - Day Care Center FOR SALE


Redmond, OR 97756
$750,000 USD
541-815-4268
119 SW 7th St, Redmond, OR for Sale
$750,000 USD
Day Care Center - FOR SALE
1/24
null | 6.15% Cap Rate

119 SW 7th St
Redmond, OR 97756


OVERVIEW

Great income property! 2606 Sqft building on 11,500 sqft lot located in Redmond's Central Business/Commercial District. Existing tenant owns and operates a successful preschool. Additionally, the property has a 1600 sqft structure with 8 existing dry storage units and a 680 sq ft.garage/shop that are leased separately. A fee appraisal has been done and is available with the signing of an NDA. This property is a solid investment with a market derived capitalization rate of 6% Property is a working Preschool and daycare. There is a new 5 year lease in place with 3% escalations and an additional 5 year option.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,524 SF

ZONING

C2

APN/PARCEL ID

123314

ASK ABOUT THIS PROPERTY

Kristi Kinsey HavniearColdwell Banker Sun Country Realty, Inc.More Info
541-815-4268

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Kristi Kinsey HavniearColdwell Banker Sun Country Realty, Inc.More Info
541-815-4268

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