Beaumont Building | 435 NE Evans St
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Beaumont Building 435 NE Evans St
14,638 SF 100% Leased Office Building Mcminnville, OR 97128 $5,000,000 ($342/SF) 4.48% Cap Rate
Investment Highlights
- *Freshly reconstructed
- *Prominent Location
- *Clean NNN Investment
Executive Summary
*Low Vacancy, full triple net multi-suite office building.
*Fully rebuilt before they opened on 1-1-2017 from the studs out 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 exempt rent.
*Average remaining lease length is 3.5 years with most 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.
*Currently priced at a true cap rate of 4.48%.
*Email Admin@BradleyKingCRE.com to sign a non-disclosure form and then receive additional information.
*Call Bradley King to schedule a walk around the building, but not inside the offices. PLEASE RESPECT TENANTS PRIVACY.
*Write all offers to include inside office walk-through within 10 business days of accepted offer. Send all offers to both King@KWcommercial.com and Admin@BradleyKingCRE.com.
* Preferred escrow is Zach Bay at Stewart Title in Lake Oswego.
*Fully rebuilt before they opened on 1-1-2017 from the studs out 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 exempt rent.
*Average remaining lease length is 3.5 years with most 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.
*Currently priced at a true cap rate of 4.48%.
*Email Admin@BradleyKingCRE.com to sign a non-disclosure form and then receive additional information.
*Call Bradley King to schedule a walk around the building, but not inside the offices. PLEASE RESPECT TENANTS PRIVACY.
*Write all offers to include inside office walk-through within 10 business days of accepted offer. Send all offers to both King@KWcommercial.com and Admin@BradleyKingCRE.com.
* Preferred escrow is Zach Bay at Stewart Title in Lake Oswego.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
14,638 SF
Building Class
B
Year Built/Renovated
1945/2017
Price
$5,000,000
Price Per SF
$342
Cap Rate
4.48%
NOI
$224,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,879 SF
Building FAR
1.20
Lot Size
0.28 AC
Zoning
C3 - Commercial 3
Amenities
- 24 Hour Access
- Accent Lighting
- Central Heating
- Partitioned Offices
- Outdoor Seating
- Air Conditioning
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 159651 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $651,353 |
PROPERTY TAXES
Parcel Number
159651
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$651,353
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Beaumont Building | 435 NE Evans St
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