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3811 Crater Lake Hwy
8,919 SF 100% Leased Industrial Building Medford, OR 97504 $2,000,000 ($224/SF) 7.20% Cap Rate
Investment Highlights
- .35 of mile from 1,000 Unit Residential Development Preparing to Break Ground
- Additional land available / Acreage is also dividable
- Mixed Use Flex w/Dutch Brothers Drive Thru
- Majority of Tenancy is long term Seller/Owner who is flexable on leaseback, vacating, longer term lease and/or purchasing back half of parcel
- High traffic exposure in area of vast development
- Corner lot, multi ingress/egress, with no center median easy access & exit
Executive Summary
The main structure is comprised of approximately 6,469 SF with 2 distinct units.
UNIT ONE; is 100% finished office space, leased to a real estate office, that is also owned by the seller of the property. So seller/Lessee of Real Estate Office space is flexible on continued leaseback or terms to move out, depending on buyer preference.
UNIT TWO is leased to an automotive shop, with about 30% office space.
The second structure is a ± 2,318 SF shop built in 2014, that occupies the northwest corner of the property on a ground lease.
The owner of the 2,318 SF building is the seller's Brother, is flexible and qualified to consider cooperation in dividing the property to purchase the back portion, or consider a longer-term leaseback, or to vacate upon lease term, depending on a buyer intended reason of purchase. NOTE: The ± 2,318 SF shop and building income of $36K per year are included at listed price and NOI.
Third, and directly fronting Crater Lake Hwy, is a ± 132 SF Dutch Bros drive-through coffee stand on a ground lease.
Annual Gross Rental property income is $162,727.50.
Southern adjoining .81 acre lot also available for sale by another Broker if more land is needed.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$162,727
|
$18.24
|
| Other Income |
$1,205
|
$0.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$163,932
|
$18.38
|
| Taxes |
$9,290
|
$1.04
|
| Operating Expenses |
$10,619
|
$1.19
|
| Total Expenses |
$19,909
|
$2.23
|
| Net Operating Income |
$144,023
|
$16.15
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $162,727 |
| Annual Per SF | $18.24 |
| Other Income | |
|---|---|
| Annual | $1,205 |
| Annual Per SF | $0.14 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $163,932 |
| Annual Per SF | $18.38 |
| Taxes | |
|---|---|
| Annual | $9,290 |
| Annual Per SF | $1.04 |
| Operating Expenses | |
|---|---|
| Annual | $10,619 |
| Annual Per SF | $1.19 |
| Total Expenses | |
|---|---|
| Annual | $19,909 |
| Annual Per SF | $2.23 |
| Net Operating Income | |
|---|---|
| Annual | $144,023 |
| Annual Per SF | $16.15 |
Property Facts
Amenities
- Fenced Lot
- Yard
- Fiber Optic Internet
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- A+ Pools
- Construction
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- Sep 2029
Dutch Bros Inc. (NYSE: BROS) is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what they do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. They believe Dutch Bros is more than just the products they serve—they are dedicated to making a massive difference in the lives of their employees, customers and communities. This combination of hand-crafted and high-quality beverages, their unique drive-thru experience and their community-driven, people-first culture has allowed them to successfully open new shops and continue to share the “Dutch Luv”.
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- Real Estate
- -
- -
- -
- Medford Autocare Center Llc
- Services
- -
- -
- -
- Mikes Performance Marine
- Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| A+ Pools | Construction | - | - | - | ||
|
|
Accommodation and Food Services | - | - | Sep 2029 | ||
|
|
Real Estate | - | - | - | ||
| Medford Autocare Center Llc | Services | - | - | - | ||
| Mikes Performance Marine | Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 10507373 | Total Assessment | $641,640 |
| Land Assessment | $477,240 | Annual Taxes | $9,290 ($1.04/SF) |
| Improvements Assessment | $164,400 | Tax Year | 2024 |
PROPERTY TAXES
zoning
| Zoning Code | I-G (Industrial General https://medford.municipal.codes/Code/10.331) |
| I-G (Industrial General https://medford.municipal.codes/Code/10.331) |
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Garrett Zoller - LLNW / Z5Ranch Group
Presented by
LLNW / Z5Ranch Group
3811 Crater Lake Hwy
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