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6427 Crater Lake Highway, Central Point, OR 97502

$6,125,000
Property Type: Commercial Sale Lot Size (sq. ft.): 2,090,880 Status: Closed
Current Price: $6,125,000 List Date: 7/14/2016 Last Modified: 11/01/2024

Description

Attention Investors! 100% LEASED 8% CAP NET INVESTMENT- 13 High Quality Industrial Buildings Totaling 137,400 sf on approx. 48 Acres. Actual NOI = $518,458 (w/ 5% Vacancy, Management Fees, & Misc. Exp.). Top quality construction completed in 1997 thru 1999. Excellent tenants, Strong rental history, Additional Land for Future Development Included. This is a unique opportunity with tremendous potential. Detailed Financial Information Available with signed NDA. Seller to retain Cell Tower Notice: Although the information contained herein was taken from sources deemed true and reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein; all information contained herein is subject to change, errors, and omission, and is subject to your independent verification.

Supplements: ********

More Information MLS# 102959938

Location, Tax, and Legal

Parcel Number: 10180861 Lot Size Acres: 48 Lot Size Square Feet: 2090880 Additional Parcels Description: 10180627, 10609158

General Property Information

# of Units Total: 10 Zoning: OSR, LI Tax Annual Amount: 48601.93 Tax Year: 2014 Sign On Property YN: No Year Built: 1997

Remarks and Miscellaneous

Public Remarks: Attention Investors! 100% LEASED 8% CAP NET INVESTMENT- 13 High Quality Industrial Buildings Totaling 137,400 sf on approx. 48 Acres. Actual NOI = $518,458 (w/ 5% Vacancy, Management Fees, & Misc. Exp.). Top quality construction completed in 1997 thru 1999. Excellent tenants, Strong rental history, Additional Land for Future Development Included. This is a unique opportunity with tremendous potential. Detailed Financial Information Available with signed NDA. Seller to retain Cell Tower Notice: Although the information contained herein was taken from sources deemed true and reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein; all information contained herein is subject to change, errors, and omission, and is subject to your independent verification. Directions: From Medford, N. on Hwy 62, property will be on Left hand side. Please See the attached.

Additional Features

3 Phase Electric: 1 Expandable: 1

Business Type (AKA Sub Type)

Industrial: 1

Income and Expenses (Annual Amounts)

Cap Rate %: 8.41 Cap Rate Basis: Current Net Operating Income: 546640

Construction Materials

Block: 1

Miscellaneous Information

Total Building NRA: 137400

Listing Terms

Cash: 1 Conventional: 1

Foundation Details

Slab: 1

Inclusions/Exclusions

Exclusions: Cell Tower on W. Gregory Rd. to be retained

Roof

Metal: 1

Unit 1

Unit #: 6439 Tenant Name: West Coast Appliance Square Footage: 38400 Status: Leased

Unit 2

Unit #: 6435 Tenant Name: Garrison's Square Footage: 33000 Status: Leased

Unit 3

Unit #: 6473 Tenant Name: Marble Creations Square Footage: 5000 Status: Leased

Unit 4

Unit #: 6475 Tenant Name: Spirit of Life Churc Square Footage: 5000 Status: Leased

Unit 5

Unit #: 6477 Tenant Name: Oregon Light Truck Square Footage: 5000 Status: Leased

Unit 6

Unit #: 6461 Tenant Name: Medford Moving & Sto Square Footage: 12000 Status: Leased

Unit 7

Unit #: 6427 Tenant Name: IBP Square Footage: 5000 Status: Leased

Unit 8

Unit #: 6433 Tenant Name: Aramark Square Footage: 5000 Status: Leased

Unit 9

Unit #: 6447 Tenant Name: Itrex Square Footage: 5000 Status: Leased

Sewer

Public Sewer: 1

Water Source

Well: 1

Documents on File

APOD: 1 Profit and Loss Statement: 1 Rental Agreement: 1 Schedule of Tenants: 1

Special Listing Conditions

Standard: 1

Location Tax and Legal

Street Number: 6427 Street Name: Crater Lake Street Suffix: Highway County: Jackson State: OR Postal Code: 97502

Contract Information

Original List Price: 6500000 Current Price: $6,125,000 Status: Closed Sold Price: $6,125,000 Listing Contract Date: 2015-10-01

Status Change Information

Close Date: 2016-11-01 Under Contract Date: 2016-09-09 Status Change Timestamp: 2016-11-01 Close Price: 6125000

Property Features

Additional Features: 3 Phase Electric; Expandable Construction Materials: Block Foundation Details: Slab Roof: Metal Business Type (AKA Sub Type): Industrial Sewer: Public Sewer Water Source: Well Documents on File: APOD; Profit and Loss Statement; Rental Agreement; Schedule of Tenants Listing Terms: Cash; Conventional Special Listing Conditions: Standard
Listing Office: Merit Commercial RE, LLC
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.