1879 Williams Hwy - Medical FOR SALE


Grants Pass, OR 97527
$3,400,000 USD
541-944-9967
1879 Williams Hwy, Grants Pass, OR for Sale
$3,400,000 USD
Medical - FOR SALE
1/68
null | 6.53% Cap Rate

1879 Williams Hwy
Grants Pass, OR 97527


OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present 1879 Williams Highway, a newer vintage, single tenant net leased medical investment property located in beautiful Grants Pass, Oregon (the "Property"). The Property consists of a 2007 vintage, approximately 10,000 SF purpose-built medical clinic building, enjoying easy access and strong exposure from the arterial Williams Hwy. Visibility and access are highlights, with ±17,089 VPD on Williams Hwy, and two right/left dedicated driveways on the west and east entrances to the parking lot. The sole tenant is Asante, the region's dominant health provider - a long-established health system producing over $1.4B/yr in revenue. The interior layout is highly flexible, and was previously used as a hematology oncology clinic before recently pivoting slightly to a primary care clinic. This partial change of use highlights the buildings long-term flexibility. Patients are first led through a tasteful PNW-style entrance to an expansive public reception and waiting area. Inside, the interior flow is intuitive, with several immediately accessible triage rooms leading to numerous conventional exam rooms, offices, open working areas, labs, and other specialized rooms. Staff enjoy the building's easy navigation and abundant storage space, as well as the well-appointed breakroom, conference room, and exterior rear patio. Additionally, staff can enjoy the immediately adjacent drive-thru or walk-up cafe offering coffe and food daily. The Property's location in SW Grants Pass provides easy access on the main transportation corridor north to downtown and Interstate 5 access. This particular location is part of a multi-unit medical-focused planned development, and shares access and parking with several other extremely high-quality medical and professional service buildings. The opportunity is clear at 1879 Williams Hwy for investors seeking a high-quality income producing asset with an exceptionally strong tenant in a beautiful setting. Contact the brokers more info!

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

GC

APN/PARCEL ID

R342288

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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