1174 Progress Drive, Medford, OR 97504
$2,800,000
Property Type:
Commercial Sale
Square Footage:
15,640
Lot Size (sq. ft.):
66,647
Status:
Closed
Current Price:
$2,800,000
List Date:
9/02/2022
Last Modified:
3/02/2023
Description
EXCLUDES Current Tenants! Multi-Tenant office building currently 2 tenants. Great location just off Biddle Road. Net Operating income $199,345.68/Year/NNN.
Supplements: ********
More Information MLS# 220153057
Location, Tax, and Legal
Street Number: 1174
Street Name: Progress
Street Suffix: Drive
County: Jackson
State: OR
Postal Code: 97504
Section: Not Applicable
Parcel Number: 1-0925153
Tax Map Number: 37 1W 19BB
Tax Lot: 1506
Lot Size Acres: 1.53
Lot Size Square Feet: 66647
Additional Parcels YN: No
Contract Information
Original List Price: 2969250
Current Price: $2,800,000
Status: Closed
Sold Price: $2,800,000
Listing Contract Date: 2022-09-02
Buyer Agency Compensation: 2.5
Buyer Agency Compensation Type: %
General Property Information
Building Area Total: 15640
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 2
New Construction YN: No
Zoning: C-R
Tax Year: 2021
CC&R's YN: Yes
FIRPTA YN: No
Sign On Property YN: Yes
Remarks and Miscellaneous
Public Remarks: EXCLUDES Current Tenants! Multi-Tenant office building currently 2 tenants. Great location just off Biddle Road. Net Operating income $199,345.68/Year/NNN.
Directions: Just off Biddle, East of People's Bank Headquarters.
Status Change Information
Close Date: 2023-03-01
Under Contract Date: 2023-01-27
Status Change Timestamp: 2023-03-02
Close Price: 2800000
Sold Price per SqFt: 179.03
Currently Not Used
List Price per SqFt: 189.85
Unit 1
Unit #: 101
Tenant Name: SO Child & Family
Square Footage: 10725
Monthly Rent: 10188.75
Status: Leased
Unit 2
Unit #: 102
Tenant Name: American Red Cross
Square Footage: 4915
Monthly Rent: 5639.96
Status: Leased
Business Details
Business Included?: No
Income and Expenses (Annual Amounts)
Net Operating Income: 189944.52
Miscellaneous Information
UGB: Inside
Parking Details
Parking: Yes
# of Parking Spaces: 94
Property Features
Common Walls: No Common Walls
Construction Materials: Block
Cooling: Central Air
Flooring: Carpet; Vinyl
Foundation Details: Slab
Heating: Forced Air; Natural Gas
Levels: One
Roof: Rubber
Business Type (AKA Sub Type): Professional/Office
Parking Features: Parking Lot
Power Production: Public Utilities
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash
Special Listing Conditions: Standard
Listing Office: Pulver and Leever Real Estate
Last Updated: March - 02 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
541-773-5391
Information deemed reliable but not guaranteed.