111 Taft Street, Medford, OR 97501
$2,250,000
Property Type:
Commercial Sale
Square Footage:
27,000
Lot Size (sq. ft.):
80,150
Status:
Closed
Current Price:
$2,250,000
List Date:
5/13/2019
Last Modified:
11/01/2024
Overview
Description
Listing Details MLS# 103001841
General Property Information
- Building Area Total
- 27000
- # of Units Total
- Yes
- Year Built
- 1962
- Zoning
- I-L
- Tax Annual Amount
- 12116
- Tax Year
- 2018
- Sign On Property YN
- No
Property Features
Additional Features:
3 Phase Electric; Free Span Roof; Mezzanine; Office Space
Cooling:
Central Air; Heat Pump
Heating:
Electric; Natural Gas; Other
Levels:
Two
Roof:
Composition
Existing Lease Type:
NNN
Business Type (AKA Sub Type):
Industrial
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash; Conventional; Trade
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 111
- Street Name
- Taft
- Street Suffix
- Street
- County
- Jackson
- State
- OR
- Postal Code
- 97501
Contract Information
- Original List Price
- 2325000
- Listing Contract Date
- 2019-05-06
- Dual Listing YN
- No
Remarks and Miscellaneous
- Public Remarks
- NNN Leased Investment Property Guaranteed by TAG. 5 year lease with two 5 year Extension Options. The Initial Term began December 31, 2023 and expires December 31, 2023. The Lease is Guaranteed by Truck Accessories Group, LLC. (Truck Accessories Group, LLC TAG is North America's largest manufacturer and supplier of fiberglass and aluminum truck caps and tonneaus for residential and commercial applications.) Base Rents of $186,000 are flat over the Initial 5 year term. Notice: 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. Neither Chris Chamberlain, Seller, nor Merit Commercial Real Estate, assumes liability for inaccuracy contained herein.
- Directions
- Please see the attached map
Status Change Information
- Close Date
- 2019-08-16
- Under Contract Date
- 2019-05-18
- Status Change Timestamp
- 2019-08-19
- Close Price
- 2250000
- Sold Price per SqFt
- 83.3333
More Information
Currently Not Used
- List Price per SqFt
- 86.1111
Unit 1
- Tenant Name
- BedSlide
- Monthly Rent
- 15500
Income and Expenses (Annual Amounts)
- Cap Rate %
- 8
- Cap Rate Basis
- Current
Miscellaneous Information
- Dock Type
- Other
Listing Office:
Merit Commercial RE, LLC
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.