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Silverton Health-Woodburn Diagnostic Imaging 693 Ray J. Glatt Cir

20,737 SF 41% Leased Office Building Woodburn, OR 97071 $6,766,393 ($326/SF) 7% Cap Rate

Investment Highlights

  • Quality asset situated on an expansive two-acre site in a growing suburban market.
  • Second Floor currently occupied by Liberty House. This is a Children’s Advocacy Center serving Marion and Polk Counties.
  • First Floor currently occupied by Legacy through 3/31/2025; second-generation medical buildout.
  • Existing income from Liberty House is $233,318.69/annually, producing an in-place cap rate of 7.00%.

Executive Summary

Kidder Mathews is pleased to present a high quality, newer construction asset known as Woodburn Medical Building. Existing tenants include Legacy as the anchor, offering hospital credit, and Liberty House, which is an Oregon public service organization.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
20,737 SF
Building Class
B
Year Built
2001
Price
$6,766,393
Price Per SF
$326
Cap Rate
7%
NOI
$473,648
Percent Leased
41%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,369 SF
Building FAR
0.23
Lot Size
2.08 AC
Zoning
CO
Parking
95 Spaces (4.58 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 12,266 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 100 12,266 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
12,266 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 12,266 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 556229
  • 324329
  • 512781
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,923,110
  • Listing ID: 30402973

  • Date on Market: 12/19/2023

  • Last Updated:

  • Address: 693 Ray J. Glatt Cir, Woodburn, OR 97071

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