257 N 8th St
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257 N 8th St
2,989 SF Office Building Cottage Grove, OR 97424 $699,000 ($234/SF) 10.01% Cap Rate
Investment Highlights
- On site parking
- Reception Area, Show Room, & Kitchenette
- Individual offices
Executive Summary
INVESTOR ALERT! Seller will sign a 3 year lease with a 3 year option NNN lease that would be a 10% CAP! This building is currently being used for medical. It includes a reception, lobby, display room, storage, 10 office/exam rooms, lab room, ADA bathroom, & kitchenette, This building would be perfect for medical, dental, veterinarian, offices, dispensary, etc. Does not include current business owned by seller.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$69,972
|
$23.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,972
|
$23.41
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $69,972 |
| Annual Per SF | $23.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,972 |
| Annual Per SF | $23.41 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,989 SF
Building Class
B
Year Built
1960
Price
$699,000
Price Per SF
$234
Cap Rate
10.01%
NOI
$69,972
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,989 SF
Building FAR
0.23
Land Acres
0.30 AC
Zoning
RC - Residential Commercial
Parking
12 Spaces (4.14 Spaces per 1,000 SF Leased)
Amenities
- Reception
- DDA Compliant
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 0892446 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $224,970 |
PROPERTY TAXES
Parcel Number
0892446
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$224,970
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257 N 8th St
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