Listing Courtesy of: Bradley King - Keller Williams Realty Portland Premiere
503-597-2444
$5,000,000
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435 NE EVANS St Unit 435 McMinnville, OR 97128
Office
Residence
Beds
Baths
17,000
Sq. Ft.
0.28
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Low vacancy, full triple net multi-suite office building. Fully rebuilt (before they opened 1-1-2017) from the studs with all new systems. This building has low maintenance costs which are fully absorbed by the tenants.The property is leased under market value with primary tenancies producing tax ex...empt rent. Average remaining lease length is 3.5 years with several having 60 month options. The property is estimated to produce $18,659 of net income per month, across 12 suites. Leases range from $1.07/SF to $1.60/SF. The building is currently priced at a true cap rate of 4.48%
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MLS#
23225891
Property Type
Office
Status
Year Built
1945
Square Feet
17,000
sq. ft
Lot Size
0.28
Sewer
Public Sewer Available
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