1209-1215 Shortridge St SE - Office/Residential FOR SALE


Albany, OR 97322
$850,000 USD
541-250-2826
1209-1215 Shortridge St SE, Albany, OR for Sale
$850,000 USD
Office/Residential - FOR SALE
1/45
null | 7.72% Cap Rate

1209-1215 Shortridge St SE
Albany, OR 97322


HIGHLIGHTS

  • 3% annual increases
  • Fantastic high traffic location half a block off Santiam Hwy with signage visible from the Hwy

OVERVIEW

Solid 7.7% cap rate from this mixed commercial/residential income property. Both buildings are leased. 3 yrs of 5 left on the commercial NNN lease with 3% annual increases. The 1 yr res lease just started and pays their utilities. No deferred maintenance. Fantastic high traffic location half a block off Santiam Hwy with signage visible from the Hwy. Contact listing agent for showings and details. Showings will be outside of business hours, most likely on weekends. Do not disturb tenants, please. The cap rate numbers have been updated with the latest information.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

7.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

OP

APN/PARCEL ID

0108478

ASK ABOUT THIS PROPERTY

Joshua RockholtRockholt Real EstateMore Info
541-250-2826

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Joshua RockholtRockholt Real EstateMore Info
541-250-2826

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