5493-5499 Amy St
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5493-5499 Amy St
5,784 SF 100% Leased Office Building West Linn, OR 97068 $1,457,000 ($252/SF) 6.50% Cap Rate
Investment Highlights
- Significant upside with $18/SF/NNN effective in-place rents - Sub-market rents of $28+/SF.
- Average household incomes of $195,301 with minimal medical/dental competition within the trade area.
- Located 1 minute from Interstate 205 interchange with daily traffic counts of 130K+.
- Substantially below replacement cost at $250/SF in a high barrier to entry sub-market.
- 3.0% annual rental increases for both tenants.
- Positioned 3 blocks from West Linn High School, consistently a top rated public high school in Oregon.
Executive Summary
100% Occupied, 2-Tenant Medical Office Building in West Linn
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
5,784 SF
Building Class
B
Year Built
1997
Price
$1,457,000
Price Per SF
$252
Cap Rate
6.50%
NOI
$94,646
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,892 SF
Building FAR
0.41
Lot Size
0.32 AC
Zoning
GC - General Commercial
Parking
13 Spaces (2.25 Spaces per 1,000 SF Leased)
Amenities
- Signage
PROPERTY TAXES
Parcel Number | 00566122 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,043,788 |
PROPERTY TAXES
Parcel Number
00566122
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,043,788
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5493-5499 Amy St
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