1610 9th Ct
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1610 9th Ct
13,810 SF Office Building Hood River, OR 97031 $3,950,000 ($286/SF) 6.15% Cap Rate
Investment Highlights
- 2.5% Annual Escalations
- Original Tenant Since Construction
- Ample Parking: 60 Spaces with a ratio of 4.34/ 1,000 SF
- Single-Net (tenant reimburses taxes)
- Sizeable Building in Highly Desirable Market
Executive Summary
1610 9th Court is a prime commercial real estate investment opportunity located in the Heights neighborhood, an established business and medical office district in Hood River, Oregon. This professional office building, constructed in 1981, encompasses 13,810 SF of leasable space on a 1.17-acre site. The property boasts a strong, long-term commitment from its current tenant, the State of Oregon Department of Human Services, who has occupied the building since its construction. This property offers an excellent opportunity for investors seeking a stable income stream from a government tenant in a desirable location with potential for long-term growth and appreciation.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
13,810 SF
Building Class
B
Year Built/Renovated
1981/2020
Price
$3,950,000
Price Per SF
$286
Cap Rate
6.15%
NOI
$242,963
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,810 SF
Building FAR
0.27
Land Acres
1.17 AC
Opportunity Zone
Yes
Zoning
C-2 General Commercial - This is the broadest commercial zoning in the City of Hood River allowing essentially all commercial and high density residential uses.
Parking
60 Spaces (4.34 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Central Heating
- Partitioned Offices
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Oregon Department of Human Services
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Oregon Department of Human Services | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Walk Score ®
Very Walkable (71)
-
Rae Nomura, MAI, CCIM -
Hugh Holtman -
SVN | Imbrie Realty
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1610 9th Ct
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