1935 E 19th St - Medical FOR SALE


The Dalles, OR 97058
$5,600,000 USD
503-863-0759
1935 E 19th St, The Dalles, OR for Sale
$5,600,000 USD
Medical - FOR SALE
1/17
null | 10.65% Cap Rate

1935 E 19th St
The Dalles, OR 97058


OVERVIEW

An upcoming vacancy will reduce NOI to $352,158 until filled, lowering the cap rate to 6.3%. The upcoming vacancy consists of two spaces: a 5,337sf fully built out medical clinic, and a 2,039 space currently configured as general office but with in-wall plumbing for medical. A 3,567 space was recently leased as-is for $27.25/sf NNN, and a newly built out 6,187 space for $32.96/sf NNN, both for 10 years with 3% annual increases. The third remaining tenant is a 4,470 pediatric dental clinic leased through 2033, currently at $23.62/sf (2.5% annual increases). Motivated seller.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

10.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Columbia Crest Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

RL

APN/PARCEL ID

1N 13E 11 BA 4900

ASK ABOUT THIS PROPERTY

Eric BreonEric BreonMore Info
503-863-0759

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Eric BreonEric BreonMore Info
503-863-0759

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