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2699 N 17TH St

Coos Bay, OR 97420
  • $8,500,000
  • STATUS: Active
  • ON SITE: 457 Days
  • MLS #: 22528870
UPDATED: 88 min ago
$8,500,000
  • 0
    BEDS
  • 3.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 29,011
    SQFT
  • $293
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1979
County:

School Ratings & Info

Description

HUGE PRICE REDUCTION!!! $1,800,000 price adjustment on this multi-tenant net leased investment!!! Medical Campus is occupied by an established orthopedic surgery and physical therapy center and ENT, with a new 5 year lease base term generating high returns and passive income. The subject property comprises 4 buildings totaling 29,011 SQFT and is positioned on a 2.01 acre lot adjacent to similar facilities in the medical district. Sale also includes 30X40 shop for maintenance and storage. NNN long term leases generating $606,651 Annual net income 7.1% Cap Rate at full price. Owners are selling real estate and retaining the businesses. Seeking quality landlord to collect $50,000 per month for the next 5 years with zero day to day responsibilities. Tenants pay all utilities, interior maintenance, property taxes, and insurance.

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Oregon Digs Real Estate | Portland Digs Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-23T07:52:53.047.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Oregon Digs Real Estate | Portland Digs Real Estate and should be independently verified.
www.oregondigs.com/homes/137118104
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2699 N 17TH St Coos Bay, OR 97420

  • Price: $8,500,000
  • Status: Active
  • On Site: 457 Days
  • Updated: 88 min ago
  • MLS #: 22528870
0
Beds
0
Baths
0
½ Baths
3.38
Acres
29,011
SQFT
$293
$/SQFT
1979
Built
Neighborhood:
260-Coos County
County:
Coos
Area:
260-Coos County
Property Description
HUGE PRICE REDUCTION!!! $1,800,000 price adjustment on this multi-tenant net leased investment!!! Medical Campus is occupied by an established orthopedic surgery and physical therapy center and ENT, with a new 5 year lease base term generating high returns and passive income. The subject property comprises 4 buildings totaling 29,011 SQFT and is positioned on a 2.01 acre lot adjacent to similar facilities in the medical district. Sale also includes 30X40 shop for maintenance and storage. NNN long term leases generating $606,651 Annual net income 7.1% Cap Rate at full price. Owners are selling real estate and retaining the businesses. Seeking quality landlord to collect $50,000 per month for the next 5 years with zero day to day responsibilities. Tenants pay all utilities, interior maintenance, property taxes, and insurance.
Exterior Features

Attached Garage YN No Construction Materials Cement Siding Wood Frame Parking Features On Site Parking Total 116 Road Frontage 200 Road Surface Type Paved Roof Composition Rubber View Description Seasonal Trees Woods View YN Yes

Interior Features

Cooling Heat Pump Cooling YN Yes Heating Heat Pump Heating YN Yes

Property Features

Bank Owned YN No Commercial Features Conformsto ADA Inside Storage Office Sign Current Use Medical Dental Professional Service Existing Lease Type Years Remaining5to10 NNN Fuel Description Electricity Green Certification YN No Gross Income 603651 IDXAddress Display YN Yes Internet Service Type Cable Lease Amount 603651 Lease Deposit 0 Listing Terms Call Listing Agent Cash Conventional Operating Expense 8913 Other Equipment Fixtures Security System Smoke Detector Sprinkler Property Attached YN No Property Condition Updated Remodeled Property Sub Type Commercial Sale Includes Building Equipment Land Sewer Public Sewer Short Sale YN No Tax Annual Amount 58832.58 Tax Year 2021 Water Source Public Water Zoning MP

Listing provided courtesy of Pacific Properties: 541-290-9597.


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Oregon Digs Real Estate | Portland Digs Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-23T07:52:53.047.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Oregon Digs Real Estate | Portland Digs Real Estate and should be independently verified.
 
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