88 SW 3rd Ave - Retail FOR SALE


Ontario, OR 97914
$1,500,000 USD
360-608-1594
88 SW 3rd Ave, Ontario, OR for Sale
$1,500,000 USD
Retail - FOR SALE
1/7
null | 4.93% Cap Rate

88 SW 3rd Ave
Ontario, OR 97914


HIGHLIGHTS

  • Solid concrete construction
  • Major renovation in 2019- HVAC, Roof, Electrical, Plumbing
  • 5000 sq ft basement can be leased

OVERVIEW

Optimal investment for the passive investor. Accredited tenant with stable step up lease. 4 years remaining with two 5 year renewal options to 95% of market rate. Potential to lease 5000 sq ft basement. $450k TI upgrade in 2019- including roof, HVAC, electrical and plumbing. Sally Port doors for security. Indoor/Outdoor parking space. Solid construction, solid tenants.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

4.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caldwell Building

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Dealership, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

O-C3

APN/PARCEL ID

3077

ASK ABOUT THIS PROPERTY

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360-608-1594

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360-608-1594

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