1619 NW Hawthorne Avenue, Grants Pass, OR 97526
$3,400,000
Property Type:
Commercial Sale
Square Footage:
25,456
Lot Size (sq. ft.):
43,560
Status:
Closed
Current Price:
$3,400,000
List Date:
5/01/2024
Last Modified:
11/10/2024
Overview
Description
Listing Details MLS# 220181441
General Property Information
- Building Area Total
- 25456
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 8
- Year Built
- 2000
- New Construction YN
- No
- Builder Name
- RA Murphy
- Zoning
- Ip; Industrial Park
- Tax Annual Amount
- 42193.51
- Tax Year
- 2023
- CC&R's YN
- Yes
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Additional Features:
ADA Comply; Bath Common Area; Common Area
Common Walls:
2+ Common Walls
Construction Materials:
Brick
Cooling:
Central Air
Flooring:
Carpet; Laminate
Foundation Details:
Concrete Perimeter; Slab
Heating:
Forced Air
Levels:
Two
Roof:
Membrane
Existing Lease Type:
Gross
Utilities:
Electricity Connected
Parking Features:
Asphalt
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1619
- Street Dir Prefix
- NW
- Street Name
- Hawthorne
- Street Suffix
- Avenue
- County
- Josephine
- State
- OR
- Postal Code
- 97526
Contract Information
- Original List Price
- 4000000
- Listing Contract Date
- 2024-04-29
- Projected Active Date
- 2024-05-01
Remarks and Miscellaneous
- Public Remarks
- Welcome to the Grants Pass Medical Center, located in beautiful Grants Pass Oregon. This 25,000+ square foot medical facility is conveniently located just off Interstate 5 and near the heart of Downtown Grants Pass. Tenants include Mid Rogue Imaging Center, Providence Heart Clinic, Valley Immediate Care and Action Physical Therapy. GPMC is comprised of 8 suites, currently 100% leased. GPMC is being offered for sale. Currently marketed at $157psf, this presents a great opportunity to add substantial value in lease performance. Lease details and Financials available upon signed Buyer Confidentiality Agreement and/or Seller approval. Please do not disrupt tenants. Showing strictly by appointment only.
Status Change Information
- Close Date
- 2024-07-31
- Under Contract Date
- 2024-05-10
- Status Change Timestamp
- 2024-07-31
- Close Price
- 3400000
- Sold Price per SqFt
- 133.56
More Information
Currently Not Used
- List Price per SqFt
- 157.13
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Cap Rate %
- 5.18
- Estimated Total Expenses
- 109472
- Net Operating Income
- 207321
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 44
Listing Office:
Merit Commercial RE, LLC
Last Updated: November - 10 - 2024
Information deemed reliable but not guaranteed.