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.